OAKVILLE, ON, Jan. 5, 2018 /CNW/ - Harvest Portfolios Group Inc. ("Harvest") is pleased to announce that it has filed a preliminary prospectus with the Canadian securities regulators for Canada's first blockchain technologies ETF, Blockchain Technologies ETF ("HBLK"). This innovative ETF is designed to provide Canadian investors access to the developing blockchain technology sector.
"Blockchain technology is creating revolutionary and disruptive change at many levels. During this nascent stage of development, blockchain technology is providing new opportunities for business, government and many other conduits of information and financial exchange," said Michael Kovacs, President and CEO of Harvest. "HBLK provides a simple way for investors to participate in the growth of this fast developing sector."
HBLK seeks to replicate, to the extent reasonably possible and before fees and expenses, the performance of the Blockchain Technologies Index. HBLK invests in equity securities of issuers exposed, directly or indirectly, to the development and implementation of blockchain and distributed ledger technologies.
Harvest, a registered investment fund manager and portfolio manager, will act as promoter, trustee, manager and portfolio manager of HBLK and will be responsible for the administration of HBLK.
About Harvest Portfolios Group Inc.
Since 2009, Harvest Portfolios Group Inc. ("Harvest"), an independent Canadian investment management company, has been providing Canadian investors access to investment products that generate steady long term income. Harvest managed investment products embrace three investment principles – simplicity, transparency and consistent income – to help investors achieve their investment goals.
A preliminary prospectus containing important information relating to securities of the Blockchain Technologies ETF has been filed with the securities commissions or similar authorities in all provinces and territories of Canada. The preliminary prospectus is still subject to completion or amendment. A copy of the preliminary prospectus is available on SEDAR (www.sedar.com). There will not be any sale or acceptance of an offer to buy the securities until a receipt for the final prospectus has been issued.
Commissions, management fees, and expenses all may be associated with ETFs. ETFs are not guaranteed, their values change frequently, and past performance may not be repeated.
SOURCE Harvest Portfolios Group Inc.
For further information: Please visit www.harvestportfolios.com, e-mail [email protected] or call toll free 1-866-998-8298