Harvest completes fund conversion
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.