Evolve Blockchain ETF Files Final Prospectus and Will Begin Trading on March 6, 2018
TORONTO, Feb. 28, 2018 /CNW/ - Evolve Funds Group Inc. ("Evolve ETFs") is pleased to announce that it has filed a final prospectus to launch the Evolve Blockchain ETF ("LINK"). Units of LINK have been conditionally approved for listing on the Toronto Stock Exchange ("TSX") to begin trading on March 6, 2018, under the ticker symbol LINK.
LINK seeks to maximize total return by actively investing primarily in equity securities of issuers whose principal business is the research, development, use or supply of blockchain technologies and applications, including technology hardware.
"This Blockchain ETF is another illustration of Evolve's commitment to bringing innovative products surrounding long-term investment trends to Canadians," said Raj Lala, President & CEO of Evolve ETFs. "Blockchain has the potential to transform business models with endless commercial applications. The benefits can apply to many sectors, from financial services and mining to the global food industry. Active management in LINK allows us to be nimble and to potentially capitalize on these emerging opportunities."
LINK invests in equity securities of domestic and foreign publicly listed issuers, and other companies, that are developing or utilizing blockchain-based and other distributed ledger technologies. Generally, these equity securities are issued by small and large-cap companies across a wide variety of industries, such as technology, financial services, communications or consumer products, among others, and whose business activities also involve the research, development, utilization and funding of transformational digital ledger technologies.
LINK will close the initial offering of units to its designated broker by the close of business on March 5, 2018, prior to its initial listing of units on the TSX on March 6, 2018.
About Evolve ETFs.
Evolve specializes in bringing innovative ETFs to Canadian investors. Currently, Evolve has twelve ETFs listed on the Toronto Stock Exchange. Evolve's suite of 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.
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