TORONTO, May 6, 2021 – Evolve Funds Group Inc. (“Evolve”) is pleased to announce the launch of the first of its kind Evolve FANGMA Index ETF (“TECH”). TECH has closed its initial offering of units and will begin trading on the Toronto Stock Exchange (“TSX”) today under the ticker symbols: TECH (CAD Hedged Units), TECH.B (CAD Unhedged Units) and TECH.U (USD Unhedged Units).
TECH seeks to replicate, to the extent reasonably possible and before fees and expenses, the performance of the Solactive FANGMA Equal Weight Index Canadian Dollar Hedged (“FANGMA Index”), or any successor thereto. TECH provides investors with exposure to the equity securities of six technology titans:
“The FANGMA Index ETF is a first of its kind, providing investors with simplified access to the world’s six tech giants in one ETF,” says Raj Lala, President and CEO, at Evolve. “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 over $7,000 at current market prices to purchase one share of each of these companies. This ETF provides investors with a mechanism to control their overall portfolio exposure to the largest technology companies in the world.”
The FANGMA Index is equally weighted, rebalanced quarterly and published in US dollars. For more information visit https://evolveetfs.com/product/tech/
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.
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.
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