Low cost. Tax efficient.
Our ETF & Pool offering is made availablethrough the wealth management of Harness Investment Management powered by the digital Purpose Advisor Solutions platform.
What is an ETF?
An ETF is a collection of stocks or bonds that may be purchased for one price. Unlike mutual funds, ETFs may be bought and sold during the entire trading day just like a stocks on an exchange. Many popular ETFs track well-known stock indexes like the S&P 500 in the United States and the S&P/TSX Composite Index in Canada.
"An exchange-traded fund, ETF for short, is an investment fund that lets you buy a large basket of individual stocks or government and corporate bonds in one purchase. Think of ETFs as investment wrappers, like a tortilla that holds together the component ingredients of a burrito, and instead of tomatoes and rice and lettuce and cheese, these burritos were filled with stocks or bonds and are considerably less delicious to eat with salsa."
What is an Investment Pool?
"Pooled funds are essentially private mutual funds that are sold to more sophisticated investors using an offering memorandum rather than a prospectus. Among the investments available are stock and bond funds as well as alternative-strategy offerings including private equity and debt."
Source: Globe & Mail