TORONTO, March 5, 2019 /CNW/ - Evolve ETFs ("Evolve") is pleased to announce that for the 12 month period ending February 28, 2019, the Evolve Marijuana ETF ("SEED") is Canada's top performer out of 504 equity ETFs listed on the TSX.1SEED returned 48.48% over this period, more than doubling the performance of the North American Marijuana Index during the same period.
Annual Total Returns2 (as at February 28, 2019)
Evolve ETF & Index
Since Inception Date
(February 12, 2018)
Evolve Marijuana ETF
North American Marijuana Index
The Evolve Marijuana ETF is actively managed by Evolve ETFs and is designed to provide Canadian investors with long-term capital appreciation by investing in a diversified mix of equity securities of issuers that are involved in the marijuana industry.
"The regulatory landscape in marijuana is developing rapidly as the rules around retail distribution take shape this year," said Elliot Johnson, Chief Investment Officer at Evolve ETFs and Portfolio Manager for SEED. "Valuations are realigning with fundamentals as investors become more interested in actual operating businesses with real customers, brands and access to markets. We believe active management is essential in constructing a portfolio that holds businesses projected to become the dominant players as the market matures. Our portfolio construction and risk management processes make us well positioned to take advantage of the changes we expect in the coming year."
While there is a general expectation that other countries will follow Canada in legalizing marijuana, it remains illegal today in most of the world including the United States. SEED only invests in businesses that operate in jurisdictions where marijuana is legal and as a result, is the only actively managed cannabis ETF to qualify for a TSX listing.
"The past year has been a very productive one for Evolve with our Cyber Security ETF being Canada's top performing equity ETF in 2018 followed by the strong performance of our Marijuana ETF," said Raj Lala, President and CEO at Evolve. "Our ETF lineup encompasses long term themes or sectors with strong investment theses. CYBR and SEED are excellent examples, as they both achieved performance to place them in the top 5 over the past year. In terms of investing in the cannabis sector, we feel that investors will benefit from active management in a diversified portfolio."
SEED may invest in equity securities of companies listed domestically and globally, and other companies, with business activities in the recreational and/or medical marijuana industry. Generally, these securities are issued by issuers with business activities in the marijuana industry or that are engaged in research and development and other ancillary businesses in the marijuana industry.
About Evolve ETFs With assets under management of over $430 million, Evolve is one of Canada's fastest growing ETF providers having launched its first suite of ETFs via the Toronto Stock Exchange on September 20, 2017. Evolve specializes in bringing innovative ETFs to Canadian investors. 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.
1 As ranked by the Bloomberg Canadian TSX-listed equity category, as at February 28, 2019.
2 The rates of return shown in the table are used only to illustrate the effect of the compound growth rate and are not intended to reflect future values of the ETF or returns on investment in the ETF. Total return performance calculations reflect performance from February 28, 2018 to February 28, 2019 on a trailing basis and are subject to change daily.
Commissions, management fees, expenses 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 indicated rates of return are the historical annual compounded total returns including changes in per unit value and reinvestment of all dividends or distributions and do not take into account sales, redemption, distribution or optional charges or income taxes payable by any securityholder that would have reduced returns. 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. Evolveundertakes 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.
About Evolve ETFs Evolve specializes in bringing innovative ETFs to Canadian investors. 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....