Harvest Tech Achievers Growth & Income ETF (HTA.TO) TSX

19.83

+0.06(+0.30%)

Updated at October 31 10:58AM

Currency In CAD

Harvest Tech Achievers Growth & Income ETF

Sector

Financial Services

Industry

Asset Management

Employees

N/A

First IPO Date

May 27, 2015

Key Executives

N/A

Description

The fund employs an active strategy that starts with its investable universe, which consists of North American technology companies whose market capitalization is at least US $10 billion, and have options in respect of their securities listed on a recognized options exchange. The fund then equally weights the top 20 companies the adviser perceives as Technology Achievers from the universe. HTA aims to achieve (i) an average current year forward P/E ratio lower than the average of the investable universe, (ii) an average 3-year ROE greater than the average of the investable universe and (iii) an average PEG Ratio that is less than the average of the investable universe. The fund also writes covered call options on up to 33% of the portfolio holdings to decrease volatility. Fund reconstitution and rebalancing is done quarterly.