Harvest Announces Changes to ETF Risk Ratings of Certain ETFs

OAKVILLE, ON, Jan. 6, 2021 /CNW/ - Harvest Portfolios Group Inc. ("Harvest") announces the following changes to the risk ratings of certain Harvest exchange-traded funds ("ETFs").

The risk rating for Harvest US Bank Leaders Income ETF (TSX: HUBL and HUBL.U) will increase from "medium to high" to "high". 

The risk rating for Harvest Equal Weight Global Utilities Income ETF (TSX: HUTL) will increase from "low to medium" to "medium". 

No changes have been made to the investment objectives or strategies of these ETFs. A summary of the risk rating classification methodology and the investment objectives and strategies of the ETFs can be found in each ETF's most recently filed prospectus.

About Harvest Portfolios Group Inc.

Founded in 2009, Harvest is a Canadian Investment Fund Manager managing over $1 billion in assets for Canadian Investors. Harvest offers an innovative suite of exchange traded funds, mutual funds and publicly-listed structured fund products designed to satisfy the long-term growth and income needs of investors. We pride ourselves in creating trusted investment solutions that meet the expectations of our investors.

You will usually pay brokerage fees to your dealer if you purchase or sell units of the ETF(s) on the TSX. If the units are purchased or sold on the TSX, investors may pay more than the current net asset value when buying units of the ETF(s) and may receive less than the current net asset value when selling them. There are ongoing fees and expenses associated with owning units of an investment fund. Investment funds are not guaranteed, their values change frequently and past performance may not be repeated. An investment fund must prepare disclosure documents that contain key information about the fund. You can find more detailed information about the fund in these documents.

SOURCE Harvest Portfolios Group Inc.