Harbor Capital Advisors, Inc. (“Harbor Capital”) today announced that it is adding to its exchange-traded fund (ETF) lineup bringing a new Disruptive Innovation strategy to market this year, expected to be available in the fall, upon completion of the registration process. This offering is in addition to the two fixed-income ETFs that are also being launched this fall that the firm announced earlier in May. Along with ETFs, Harbor Capital also offers an array of mutual funds and collective investment trusts.
“We’re excited to launch our first active equity ETF with Disruptive Innovation. We believe that Disruptive Innovation is establishing itself as a new asset class — taking full advantage of investing around technology shifts across the entire economy affecting every single sector and industry. Powered by five specialized investment boutiques, we’re optimistic about the solution we are bringing to our clients,” Spenser Lerner, Head of Multi-Asset Solutions, Harbor Capital Advisors
Harbor Disruptive Innovation ETF – Seeks long term growth of capital; Under normal market conditions, the Fund invests primarily in equity securities of U.S. companies, principally common stocks. The Fund seeks to invest in what it believes to be disruptive and innovative companies of any market capitalization. The Fund defines disruptive and innovative companies as those generating secular growth tied to accelerating shifts in the global economy.
The portfolio managers for the Harbor Disruptive Innovation ETF are:
Spenser Lerner, CFA, Head of Multi-Asset Solutions, Managing Director and Portfolio Manager of Harbor Capital Advisors, Inc.
Kristof Gleich, CFA, President & CIO of Harbor Capital Advisors, Inc.
Patrick Corcoran, Portfolio Manager of Harbor Capital Advisors, Inc.
Harbor Disruptive Innovation’s structure leverages Harbor’s core competencies of manager research and internal multi-asset capabilities. Employing a multi-manager approach, Harbor has selected five model providers that will each deliver a model portfolio, which Harbor will implement in its discretion in managing the strategy.
Harbor is dedicated to helping clients achieve investment objectives with an active, cost-aware investing approach. For more than 30 years, our investment team has served as a guide for clients, developing portfolio strategies based on rigorous research and market analysis; sourcing select specialists and deep insights in each asset class; and evaluating performance to ensure that decisions remain in the best interests of our clients. Headquartered in Chicago, Harbor Capital Advisors had total assets under management of approximately $63 billion as of June 30, 2021. For more information, visit harborfunds.com.
NOTE: INFORMATION CONTAINED HEREIN IS SUBJECT TO COMPLETION OR AMENDMENT. THE REGISTRATION STATEMENT RELATING TO THESE SECURITIES HAS BEEN FILED WITH THE SEC BUT HAS NOT YET BEEN DECLARED EFFECTIVE. THESE SECURITIES MAY NOT BE SOLD NOR MAY OFFERS TO BUY BE ACCEPTED PRIOR TO THE TIME THE REGISTRATION STATEMENT BECOMES EFFECTIVE. THIS PRESS RELEASE IS NOT AN OFFER TO SELL THESE SECURITIES AND IS NOT SOLICITING AN OFFER TO BUY THESE SECURITIES IN ANY STATE WHERE THE OFFER OR SALE IS NOT PERMITTED. AN INDICATION OF INTEREST IN RESPONSE TO THIS ADVERTISEMENT WILL INVOLVE NO OBLIGATION OR COMMITMENT OF ANY KIND.
BEFORE INVESTING YOU SHOULD CAREFULLY CONSIDER A FUND’S INVESTMENT OBJECTIVES, RISKS, CHARGES, AND EXPENSES. THIS AND OTHER INFORMATION IS IN THE PROSPECTUS. PLEASE READ THE PROSPECTUS CAREFULLY BEFORE YOU INVEST.
All investments involve risk including the possible loss of principal.
There is no guarantee that the investment objective of the Fund will be achieved. Stock markets are volatile and equity values can decline significantly in response to adverse issuer, political, regulatory, market and economic conditions. Since the Fund may hold foreign securities, it may be subject to greater risks than funds invested only in the U.S. These risks are more severe for securities of issuers in emerging market regions. Investing in REITs will subject the Fund to additional risk.
Foreside Fund Services, LLC. is the Distributor of the Harbor Disruptive Innovation ETF.