TORONTO, Sept. 29, 2017 /CNW/ - Evolve Funds Group Inc.
("Evolve Funds") is pleased to announce the launch of the
following ETFs in Canada
("Evolve ETFs"):
The Evolve Automobile Innovation Index ETF ("CARS");
and
The Evolve Active Canadian Preferred Share ETF ("DIVS")
The Evolve ETFs have closed their initial offering of hedged and
unhedged units, as applicable, and will begin trading on the
Toronto Stock Exchange ("TSX") today under the following
ticker symbols:
Evolve
ETF
|
Hedged
Units
|
Unhedged
Units
|
Evolve Automobile
Innovation Index ETF
|
CARS
|
CARS.B
|
Evolve Active
Canadian Preferred Share ETF
|
N/A
|
DIVS
|
"We believe there's a place for active and passive ETFs in
client portfolios," said Raj Lala, President and CEO of Evolve
Funds. "The Evolve Automobile Innovation Index ETF has been
designed to give Canadian investors access to an exciting passive
investment opportunity provided by the transformation of the
automobile, and the Evolve Active Canadian Preferred Share ETF will
give investors access to an actively managed portfolio of preferred
shares sub-advised by Foyston, Gordon & Payne Inc."
Evolve Automobile Innovation Index ETF
CARS is an index (or passively managed) ETF, that seeks to
replicate, to the extent reasonably possible and before fees and
expenses, the performance of the Solactive Future Cars Index
Canadian Dollar Hedged, or any successor thereto. CARS invests
primarily in equity securities of companies that are directly or
indirectly involved in developing electric drivetrains, autonomous
driving or network connected services for automobiles.
"Over the next five to ten years we will most likely experience
the largest transformation in the auto industry's history," said
Raj Lala. "CARS is Canada's
first Automobile Innovation ETF, investing in companies focused on
electric, autonomous and connected vehicles, as well as their
supply chain counterparts."
Evolve Active Canadian Preferred Share ETF
DIVS seeks to provide holders of Units with stable income and
long-term capital appreciation by investing primarily in a
diversified mix of preferred shares of primarily Canadian issuers,
in addition to U.S. and international issuers. Evolve Funds has
retained Foyston, Gordon & Payne Inc. ("FGP") as sub-advisor
for DIVS.
"There are a number of market segments that benefit from active
management in order to generate better risk-adjusted returns, and
we believe preferred shares are one of these segments," said Raj
Lala. "We are very pleased to be working with FGP, a proven and
successful Canadian investment manager, having managed client
assets through many different economic cycles."
FGP utilizes a multi-strategy approach, including security
selection, sector allocation and interest rate anticipation in the
context of a long-term, value-oriented approach.
"FGP takes great pride in our experience and consistent,
disciplined approach to managing preferred shares which has led to
meaningful long-term success and excellent risk-adjusted returns
for our clients," said Ryan Domsy,
Vice President & Portfolio Manager of Fixed Income at
FGP. "In partnering with Evolve, Canadian investors will be
able to access our portfolio management capabilities through
investment in DIVS."
About Foyston, Gordon & Payne Inc.
(www.foyston.com)
Foyston, Gordon & Payne Inc. ("FGP") is a value-style
investment management firm founded in 1980 to provide portfolio
management services to organizations and high net worth
individuals. FGP manages approximately $13
billion in Canadian equities, foreign equities, and Canadian
bonds. FGP believes that high quality, sustainable earnings
should contribute to producing excellent longer-term value-added
results. The firm's portfolio managers and analysts use a
strict discipline to ensure they do not overpay for earnings.
Quality and value are the primary determinants of the
excellent long-term results provided to FGP's clients.
About Solactive (www.solactive.com)
Solactive AG is an innovative index provider that focuses on the
development, calculation and distribution of tailor-made indices
over all asset classes. As at March 2017, Solactive AG served
approximately 350 clients in Europe, America and Asia,
with approximately USD $100 billion invested in products
linked to indices calculated by the Company globally, primarily via
250 exchange traded funds from a number of well-known providers.
Solactive AG was established in 2007 and is headquartered
in Frankfurt.
Commissions, management fees and applicable sales taxes all
may be associated with an investment in the exchange traded funds
managed by Evolve Funds Group Inc. (the "ETFs"). The ETFs are not
guaranteed, their values change frequently and past performance may
not be repeated. The prospectus contains important detailed
information about the ETFs. Please read the prospectus
before investing.
Certain statements contained in this news release constitute
forward-looking information within the meaning of Canadian
securities laws. Forward-looking information may relate to a future
outlook and anticipated distributions, events or results and may
include statements regarding future financial performance. In some
cases, forward-looking information can be identified by terms such
as "may", "will", "should", "expect", "anticipate", "believe",
"intend" or other similar expressions concerning matters that are
not historical facts. Actual results may vary from such
forward-looking information. Evolve Funds undertakes no obligation
to update publicly or otherwise revise any forward-looking
statement whether as a result of new information, future events or
other such factors which affect this information, except as
required by law.
CARS is not sponsored, promoted, sold or supported in any
other manner by Solactive AG nor does Solactive AG offer any
express or implicit guarantee or assurance either with regard to
the results of using the Index and/or Index trade name or the Index
Price at any time or in any other respect. The Index is calculated
and published by Solactive AG. Solactive AG uses its best efforts
to ensure that the Index is calculated correctly. Irrespective of
its obligations towards the Issuer, Solactive AG has no obligation
to point out errors in the Index to third parties including but not
limited to investors and/or financial intermediaries of the
financial instrument. Neither publication of the Index by Solactive
AG nor the licensing of the Index or Index trade name for the
purpose of use in connection with the financial instrument
constitutes a recommendation by Solactive AG to invest capital in
CARS nor does it in any way represent an assurance or opinion of
Solactive AG with regard to any investment in CARS.
About Evolve Funds Group Inc.
Evolve Funds provides Canadian investors with innovative
investment solutions and access to some of the world's largest
investment managers. Established by a team of industry
veterans, we create investment products that make a difference.
For more information, please visit www.evolvefunds.com.
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SOURCE Evolve Funds Group Inc.