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Harvest Announces Listing of Harvest ESG Equity Income Index ETF

ESG Canada ESG Funds Investing

Harvest Announces Listing of Harvest ESG Equity Income Index ETF

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Harvest Portfolios Group Inc. is pleased to announce the completion of the initial offering of Class A Units of the Harvest ESG Equity Income Index ETF pursuant to a prospectus dated August 30, 2022, filed with the securities regulatory authorities in all of the Canadian provinces and territories. The Class A Units of the Harvest ESG Equity Income Index ETF will commence trading on the TSX today under the following ticker symbol: HESG:TSX.

HESG offers Canadian investors a portfolio of equities selected through a structured ESG process paying high monthly income generated by Harvest’s active & flexible covered call strategy.

The ETF is launching with an initial target yield of 7.0%. The first monthly distribution will have a record date of October 31, 2022 with a payable date of November 9, 2022.

HESG tracks the Solactive ESG US Equity Index TR which applies Socially Responsible Investing (SRI) and ESG screens before selecting the 30-largest companies in its ESG universe by market capitalization.

The ETF holds a portfolio large-cap leaders from a diverse array of subsectors screened and assessed through the index’s ESG and SRI process.

See related article: Carbon Collective Announces ETF Focused on Climate Solutions

“ESG investments are increasingly popular among Canadian investors who want their portfolios to match their values,” said Michael Kovacs, President and CEO of Harvest. “HESG fills a key gap in the Canadian market by generating steady monthly income with a high initial target yield from an ESG portfolio.”

Investment Objective

HESG seeks to track, to the extent reasonably possible before fees and expenses, the performance of the Solactive ESG US Equity Index TR or any successor thereto, while mitigating downside risk. Harvest ESG Equity Income Index ETF invests primarily in the equity constituents of Solactive ESG US Equity Index TR, or any successor thereto, while writing covered call options on up to 33% of the portfolio securities. The level of covered call option writing may vary based on market volatility and other factors.

Source: Harvest

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