Harvest Travel & Leisure Index ETF ascends through $100 million in Assets Under Management
OAKVILLE, ON, March 10, 2021 /CNW/ - Harvest Portfolios Group Inc. ("Harvest") is pleased to announce that the Harvest Travel & Leisure Index ETF (TSX: TRVL) (TSX: TRVL.U) has raised over $100 million (Class A and Class U units combined) in assets under management since its debut on the Toronto Stock Exchange.
Brought to the market on January 14th, 2021, Canada's only Travel & Leisure ETF provides investors access to a diversified portfolio of large capitalization companies that own or operate travel related businesses.
The ETF is passively managed and follows the Solactive Travel & Leisure Index which tracks the 30 largest global travel-related companies by market capitalization.
"When we launched the Harvest Travel & Leisure Index ETF in January of this year, we anticipated there would be significant interest in Travel & Leisure companies – given the pent-up demand due to the Covid-19 pandemic restrictions combined with the tremendous potential of the sector," said Michael Kovacs, President and CEO of Harvest. "The rapid growth of the ETF so far is a clear indicator of investor support for the sector in anticipation of the return to normal."
About Harvest Portfolios Group Inc.
Founded in 2009, Harvest is a Canadian Investment Fund Manager managing over $1.3 billion in assets for Canadian Investors. Harvest offers an innovative suite of exchange traded funds, mutual funds and publicly-listed structured fund products designed to satisfy the long-term growth and income needs of investors. We pride ourselves in creating trusted investment solutions that meet the expectations of our investors.
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SOURCE Harvest Portfolios Group Inc.
