TORONTO, Nov. 14, 2018 /CNW/ - Evolve Funds Group
Inc. ("Evolve ETFs") is pleased to announce that it has
filed a final prospectus to launch the Evolve Active Global Fixed
Income ETF ("EARN"). EARN has closed its initial offering of
units and will begin trading on the Toronto Stock Exchange
("TSX") today under the ticker symbol EARN.
EARN is designed to provide Canadian investors with access to an
actively managed exchange traded fund ("ETF") that invests
primarily in global debt securities of corporate issuers.
Allianz Global Investors ("AllianzGI") will act as
sub-advisor for EARN.
The Canadian ETF industry is increasing in assets at an annual
pace of 25% for the past 10 years, with fixed income being the
fastest growing segment recently in number, popularity and assets.
Actively managed ETFs account for 24% of the total AUM held in
fixed-income ETFs.
"Advisor and investor demand for actively managed fixed
income ETFs continues to increase," said Raj Lala, President
& CEO of Evolve ETFs. "Over the past five years,
the majority of active bond managers have
outperformed passive mutual funds and ETFs. Active management in
fixed income allows managers to position their portfolios
appropriately to take advantage of market trends. We are very
pleased to provide Canadian investors with access to the fixed
income expertise of Allianz Global Investors, one of
the world's leading active investment
managers."
Allianz Global Investors has approximately USD $612 billion in assets under management as of
June 30, 2018, including USD
$36 billion in global fixed income.
"We are excited to partner with Evolve ETFs in sub-advising
our first actively managed ETF and strengthening our foothold in
Canada – a key growth market with
fantastic opportunity," said David
Newman, Head of Global High Yield at AllianzGI. "As a
tenured active fixed income investor, we are well-positioned to
navigate rising rates and market volatility in an ever-changing
market environment."
EARN seeks to generate positive returns throughout interest rate
and economic cycles, firstly by allocating to different credit
asset classes, and also through bottom-up individual security
selection. EARN seeks to provide long term returns in excess of the
3 month U.S. dollar London Interbank Offered Rate by investing
primarily in global debt securities of corporate issuers.
Evolve ETFs, a registered investment fund manager and portfolio
manager, will act as promoter, manager, trustee and portfolio
manager of EARN and will be responsible for the administration of
EARN.
To celebrate listing on the TSX, Mr. Lala will join Dani Lipkin, Head of Business Development, ETFs,
Toronto Stock Exchange, to open the market at 9:30 a.m. EST on November
15, 2018.
About Allianz Global Investors
Allianz Global Investors is a leading active asset manager with
over 700 investment professionals* in 25 offices worldwide and
managing USD $612 billion in assets
for individuals, families and institutions.
Active is the most important word in our vocabulary. Active is
how we create and share value with clients. We believe in solving,
not selling, and in adding value beyond pure economic gain. We
invest for the long term, employing our innovative investment
expertise and global resources. Our goal is to ensure a superior
experience for our clients, wherever they are based and whatever
their investment needs.
Active is: Allianz Global Investors
Data as of June 30, 2018 (*as of
December 31, 2017)
About Allianz
The Allianz Group is one of the world's leading insurers and
asset managers with more than 88 million retail and corporate
customers. Allianz customers benefit from a broad range of personal
and corporate insurance services, ranging from property, life and
health insurance to assistance services to credit insurance and
global business insurance. Allianz is one of the world's largest
investors, managing over 660 billion
euros on behalf of its insurance customers while our asset
managers Allianz Global Investors and PIMCO manage an additional
1.4 trillion euros of third-party
assets. Thanks to our systematic integration of ecological and
social criteria in our business processes and investment decisions,
we hold the leading position for insurers in the Dow Jones
Sustainability Index. In 2017, over 140,000 employees in more than
70 countries achieved total revenue of 126
billion euros and an operating profit of 11 billion euros for the group.
About Evolve ETFs
Evolve specializes in bringing innovative ETFs to Canadian
investors. Evolve's suite of sixteen ETFs provide investors
with access to: (i) long term investment themes; (ii) index-based
income strategies; and (iii) some of the world's leading investment
managers. Established by a team of industry veterans with a
proven track record of success, we create investment products that
make a difference. For more information, please visit
www.evolveetfs.com.
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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 ETFs 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.
SOURCE Evolve ETFs