Har­vest com­pletes fund con­ver­sion

Investment Executive - - FOCUS ON PRODUCTS - Com­piled by Fiona Collie (fcol­lie@in­vest­mentex­ec­u­tive.com).

Oakville, Ont.-based Har­vest Port­fo­lios Group Inc. has com­pleted the con­ver­sion of its Tech Achiev­ers Growth and In­come Fund, a closed-end mu­tual fund, into an ETF. The new ETF, avail­able in ei­ther Cana­dian and U.S. dol­lars, in­vests in a port­fo­lio of 20 equally weighted large-cap tech­nol­ogy is­suers listed on a North Amer­i­can stock ex­change that spe­cial­ize in busi­nesses such as in­for­ma­tion tech­nol­ogy, health-care equip­ment and wire­less tele­com ser­vices. The ETF also will write cov­ered­call op­tions on up to 33% of the port­fo­lio to achieve lower over­all volatil­ity in port­fo­lio re­turns. The ETF’s man­age­ment fee is 0.85%. For more de­tails, visit www.har­vest­port­fo­lios.com.

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