Harvest Portfolios Group Inc. is seeking to expand its footprint in Canada’s ETF industry.
The firm announced on Dec. 11 that it has filed a preliminary prospectus with the Canadian securities regulators for six new ETFs.
This includes the:
- Harvest MicroStrategy High Income Shares ETF
- Harvest Coinbase High Income Shares ETF
- Harvest Palantir Enhanced High Income Shares ETF
- Harvest Tesla Enhanced High Income Shares ETF
- Harvest Meta Enhanced High Income Shares ETF
- Harvest Diversified High Income Shares ETF
Harvest MicroStrategy High Income Shares ETF and Harvest Coinbase High Income Shares ETF would provide single-stock ETF exposure to software firm MicroStrategy Incorporated and cryptocurrency exchange platform provider Coinbase Global Inc., respectively.
Meanwhile, the Harvest Palantir Enhanced High Income Shares ETF, Harvest Tesla Enhanced High Income Shares ETF and Harvest Meta Enhanced High Income Shares ETF would provide single-stock ETF access to the growth potential of software firm Palantir Technologies Inc., automotive and clean energy firm Tesla, Inc. and tech conglomerate Meta Platforms, Inc., respectively.
These five single-stock ETFs all employ an active covered call strategy, which aims to generate enhanced monthly income, according to a release.
Finally, the Harvest Diversified High Income Shares ETF would provide exposure to a portfolio consisting of Harvest High Income Shares ETFs.
Other product news
Fidelity Investments Canada ULC has designated a new portfolio manager for the Fidelity Women’s Leadership Fund.
As of Dec. 16, Preeti Sayana, who joined Fidelity in 2005, is a portfolio manager of the fund. She has 30 years of experience, including co-managing an international strategy, covering small caps, emerging markets and U.S. equities, and incorporating ESG into the research process of portfolio management.
Sayana has replaced Nicole Connolly, who is retiring at the end of the year.
The investment objectives of the fund remain unchanged, Fidelity said in a release.
On Dec. 16, London, Ont.-based VersaBank filed a preliminary prospectus supplement to its short form base shelf prospectus, dated Nov. 22, in connection with a public offering of the bank’s common shares.
The supplement was filed with securities regulators in each of the provinces and territories of Canada, except Quebec.
It was also filed with the U.S. Securities and Exchange Commission under the U.S./Canada Multijurisdictional Disclosure System, which allows Canadian firms to offer securities in the U.S. using prospectuses prepared for Canadian requirements.
Raymond James & Associates, Inc. is acting as the sole bookrunning manager, while Keefe, Bruyette & Woods, Inc. and Roth Canada, Inc. are acting as co-managers for the offering, a release said.