Bringing you live news and features since 2006 

Harvest ETFs launches an income ETF tracking the Solactive Travel & Leisure Index


Solactive has announced the launch of another ETF tracking the Solactive Travel & Leisure Index by Harvest ETFs. The Harvest Travel & Leisure Income ETF (TRVI) invests in the components of the Solactive Travel & Leisure index while writing call options on up to 33 per cent of the portfolio securities to enhance income.

Solactive writes that this new ETF complements the Harvest Travel & Leisure Index ETF (TRVL), which directly tracks the Solactive Travel & Leisure Index.

“Following the removal of COVID-19 restriction the rapid recovery in the travel sector shows the increasing demand for travel solutions across generations. Both the retiring baby boomers as well as the high earning millennials are driving a growing appetite for more travel” the firm says.

The Solactive Travel & Leisure Index (SOLTRVLT) is designed to provide reliable and transparent benchmark for the North American travel industry. It intends to track the performance of the 30 largest North American companies that generates the majority of their revenues from travel-related industries including airlines, hospitality, online booking services and cruises.

Timo Pfeiffer, CMO of Solactive, says: “We are excited to see Harvest Portfolios Group launch another ETF tracking a Solactive Index. Our goal at Solactive is to provide customers with the optimal indexing solution for their needs.”

Michael Kovacs, President and CEO at Harvest ETFs, says: “TRVI, like TRVL, is a first in Canada, offering exposure to the lucrative Travel and Leisure sector with the addition of an attractive monthly income generating portfolio.

“The Travel & Leisure industry has long-term structural demand drivers, such as retiring baby boomers, and millennials that are entering their peak earnings years. We saw those when we launched TRVL in 2021. Now TRVI offers investors access to those same tailwinds, with the addition of high monthly income earned through Harvest ETFs’ active & flexible covered call option strategy.”

Latest News

The August data from LSEG Lipper shows that the global ETF industry held USD10,547.4 billion in assets under management on..
HANetf has announced that their European Green Deal UCITS ETF (ticker: EUGD) has reached USD52 million (EUR49.9 million) in assets..
Legal & General Investment Management (LGIM) has announced the launch of the L&G Global Brands UCITS ETF. The firm writes..
Vienna Stock Exchange has launched three new thematic indices: CECE Reshoring, CECE Commodity Producers and CECE Clean Energy, writing that..

Related Articles

John Ciampaglia, Sprott Asset Management
Geo-political tensions and concerns about hitting clean energy targets have brought the focus back onto nuclear power in recent months,...
Nick King, Robeco
Europeam investment management giant Robeco has announced the appointment of Nick King as Head of Exchange Traded Funds (ETFs), in...
Kristof Gleich, Harbor Capital
Harbor Capital burst onto the ETF issuance world in 2021 and now has USD1.1 billion in assets in ETFs. But...
Europe’s thematic ETF provider, Rize ETF, has been acquired by ARK Invest LLC, the parent of ARK Investment Management LLC,...
Subscribe to the ETF Express newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by