TORONTO, November 24, 2021 – Evolve Funds Group Inc. (“Evolve” or “the Manager”) is pleased to announce that it has filed a final prospectus in plans to launch the Evolve Metaverse ETF (“MESH”). MESH is Canada’s first metaverse ETF and is expected to begin trading on Monday, November 29, 2021 on the Toronto Stock Exchange (“TSX”), subject to TSX approval. MESH is designed to provide investors with an actively managed, diversified portfolio of companies involved in the development of the metaverse.
“In the 1990s many thought the internet was just a fad,” says Raj Lala, President and CEO at Evolve ETFs. “Today, the internet touches almost every aspect of our lives. The metaverse will take us from simply interacting online to fully immersing within the digital world. As a leader in disruptive innovation, we decided to take an active approach to Canada’s first Metaverse ETF. MESH will allow us to be nimble and invest in companies well positioned to capitalize on the future growth of the industry.”
The investment objective of MESH is to seek to provide holders of Units with long-term capital appreciation by actively investing in a diversified mix of publicly traded equity securities of issuers from North America, as well as other developed markets from around the world, that are considered by the Manager to be involved in the development of the metaverse.
The metaverse is a term used to define an iteration of the Internet supporting persistent 3-D virtual environments combined with social media, communications and productivity tools allowing users to interact online in an immersive, virtual representation of the real world. The metaverse combines online personal computing with virtual-reality and augmented reality technologies. Metaverse technologies are being used in business, social, education and retail applications.
MESH is offering hedged Canadian dollar denominated ETF units. For more information, visit www.evolveetfs.com.
About Evolve Funds Group Inc.
With over $2 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). ETFs are not guaranteed, their values change frequently and past performance may not be repeated. There are risks involved with investing in ETFs. Please read the prospectus for a complete description of risks relevant to ETFs. Investors may incur customary brokerage commissions in buying or selling ETF. Please read the prospectus before investing.
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