TORONTO, April 30, 2021 – Evolve Funds Group Inc. (“Evolve”) is pleased to announce that it has filed the final prospectus in plans to launch the first of its kind Evolve FANGMA Index ETF (“TECH”). TECH is expected to begin trading on Thursday, May 6, 2021 on the Toronto Stock Exchange (“TSX”), subject to TSX approval. TECH provides investors with exposure to the equity securities of six technology titans: Alphabet Inc., Amazon Inc., Apple Inc., Facebook Inc., Netflix Inc. and Microsoft Corp.

“These six companies have transformed our world and have been a big driver of growth and returns for our markets,” says Raj Lala, President and CEO at Evolve. “In fact, last year they accounted for more than half of the performance in the S&P 500 and the NASDAQ 100. One of the numerous operational advantages of using this Fund is the fact that investors can get exposure to these six companies for a $10 starting share price. This compares with investing almost $7,000 at current market prices to purchase one share of each of these companies.”

TECH seeks to replicate, to the extent reasonably possible and before fees and expenses, the performance of the Solactive FANGMA Equal Weight Index (“FANGMA Index”). The FANGMA Index is equally weighted, rebalanced quarterly and published in US dollars. The FANGMA Index measures the performance of the following companies eligible for inclusion:

The following chart sets out the TSX ticker symbols for the Evolve FANGMA Index ETF.

TECH is offering unhedged US dollar denominated units (USD Unhedged Units), unhedged Canadian dollar denominated units (CAD Unhedged Units) and hedged Canadian dollar denominated units (CAD Hedged Units).

About Evolve Funds Group Inc.
With approximately $1.8 billion in assets under management, Evolve is one of Canada’s fastest growing ETF providers since launching its first ETF in September 2017. Evolve is a leader in thematic ETFs and specializes in bringing disruptive innovation 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, Evolve creates investment products that make a difference.
For more information, please visit www.evolveetfs.com.

EXTERNAL LINK: http://www.newswire.ca/en/releases/archive/April2021/30/c7053.html

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Commissions, management fees and expenses all may be associated with exchange traded funds (ETFs) and mutual funds. ETFs and mutual funds are not guaranteed, their values change frequently and past performance may not be repeated. There are risks involved with investing in ETFs and mutual funds. Please read the prospectus for a complete description of risks relevant to ETFs and mutual funds. Investors may incur customary brokerage commissions in buying or selling ETF and mutual fund units. 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 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.

 

CONTACT INFORMATION: Evolve ETFs | info@evolveetfs.com | t. 416.214.4884 | tf. 1.844.370.4884

MEDIA CONTACT: Keith Crone | kcrone@evolveetfs.com | t. 416.966.8716

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