Harvest Portfolios Group (Harvest) has completed the quarterly rebalance of the portfolio holdings of the Blockchain Technologies ETF (HBLK).
HBLK was the first blockchain ETF launched in Canada and seeks to replicate, to the extent reasonably possible and before fees and expenses, the performance of the Harvest Blockchain Technologies Index. The Harvest Blockchain Technologies Index has been designed to track the performance of issuers exposed to the development and implementation of blockchain technologies. The ETF invests in equity securities of issuers exposed, directly or indirectly, to the development and implementation of blockchain and distributed ledger technologies.
The Harvest Blockchain Technologies Index is rebalanced quarterly and is composed of two segments, the Large Cap Blockchain issuer segment and the Emerging Blockchain issuer segment. Full details regarding the Harvest Blockchain Technology Index can be found on the Harvest website.
“By replicating the Harvest Blockchain Technologies Index, HBLK systematically shifts weightings as the Emerging Blockchain segment develops while blending in large established technology companies that are dedicating resources to blockchain technologies,” says Michael Kovacs, President and CEO of Harvest. “We believe this portfolio structure is the intelligent solution to invest in the blockchain evolution.”
