Harvest Travel & Leisure Index ETF passes USD200m AUM
Harvest Portfolios Group's Harvest Travel & Leisure Index ETF (TSX: TRVL) (TSX: TRVL.U) has raised over USD200 million (Class A and Class U units combined) in assets under management (AUM) since its debut on the Toronto Stock Exchange.
Brought to the market on 14 January, 2021, Canada's only Travel & Leisure ETF provides investors access to a diversified portfolio of large capitalisation companies that own or operate travel related businesses.
The ETF is passively managed and follows the Solactive Travel & Leisure Index which tracks the 30 largest global travel-related companies by market capitalisation.
"Investors continue to see the opportunity in the recovering Global Travel Industry. We believe the growth dynamic that was in place before the Pandemic will return to its normal long-term trend," says Michael Kovacs, President and CEO of Harvest.