Evolve Innovation Index ETF Will Begin Trading on May 2, 2018
TORONTO, April 26, 2018 /CNW/ - Evolve Funds Group Inc. ("Evolve ETFs") is pleased to announce that it has filed a final prospectus to launch the Evolve Innovation Index ETF ("EDGE"). Units of EDGE have been conditionally approved for listing on the Toronto Stock Exchange ("TSX") to begin trading on May 2, 2018, under the ticker symbol EDGE.
EDGE seeks to replicate, to the extent reasonably possible and before fees and expenses, the performance of the Solactive Global Innovation Index (the "Index"). EDGE directly or indirectly invests in equity securities of companies located domestically or internationally that are involved in innovative or disruptive trends across a broad range of industries.
"Innovation has always been a long-term, key driver of global economic growth," said Raj Lala, President & CEO of Evolve ETFs. "Investors need better tools to gain exposure to the themes that are shaping the world. The Evolve Innovation Index ETF combines today's most transformational themes into a single diversified portfolio of disruptive industries. We believe this balanced approach makes it easy for investors to benefit from emerging industries and trends in a simple one-stop solution."
The Index measures the performance of equity securities that have been assigned a classification according to one of the following categories: Robotics and Automation, Future Cars, Cyber Security, Big Data and Cloud Computing, Genomics and Social Media.
EDGE is expected to close the initial offering of units to its designated broker by the close of business on May 1, 2018, prior to its initial listing of units on TSX on May 2, 2018.
About Evolve ETFs
Evolve specializes in bringing innovative ETFs to Canadian investors. Evolve's suite of fourteen 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.
Solactive AG is an innovative index provider that focuses on the development, calculation and distribution of tailor-made indices across all asset classes. As at January 2018, Solactive AG served approximately 400 clients in Europe, America and Asia, with approximately USD 200 billion invested in products linked to indices calculated by the company globally, primarily via 350 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 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.
EDGE 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 EDGE nor does it in any way represent an assurance or opinion of Solactive AG with regard to any investment in EDGE.
SOURCE Evolve ETFs