Investment fund manager Harvest Portfolios Group has filed a preliminary prospectus with the Canadian securities regulators for Canada's first travel & leisure index ETF (TRVL), designed to provide Canadian investors access to the diversified travel and leisure sector.
"TRVL provides a low-cost portfolio that stands to benefit from a rebound in international travel as the global economy recovers, as well as a demographic trend that was well established prior to the recent Industry shut downs,” said Michael Kovacs, president and CEO of Harvest.
Invests in large cap issuers
TRVL seeks to replicate, to the extent reasonably possible and before fees and expenses, the performance of the Solactive Travel & Leisure Index. TRVL primarily invests in large capitalization issuers that own or operate travel-related businesses and are listed on a regulated stock exchange in North America.
Harvest will act as promoter, trustee, manager and portfolio manager of TRVL and will be responsible for its administration.