Harvest Portfolios Group announced March 16 that it has filed a preliminary prospectus with the Canadian securities regulators for a space industry exchange traded fund – the Harvest Space Innovation Index ETF (ORBT).
"ORBT is another first in Canada for Harvest and will provide investors with access to some of the most prominent space innovation companies in the world" said Michael Kovacs, President and CEO of Harvest. "ORBT provides a portfolio that stands to benefit from the burgeoning growth and development in the field of space innovation, exploration, tourism and infrastructure."
ORBT aims to replicate the performance of the Solactive Space Innovation Index. The ETF primarily invests in large capitalization issuers that are engaged in the development of products and services related to satellites, space probes, space launches, space flight & tourism, space stations & habitats and other space exploration related issuers that are listed on a regulated stock exchange in North America and select global developed markets, says the company.
Harvest will act as promoter, trustee, manager and portfolio manager of ORBT and will be responsible for the administration of ORBT.
