Canada's First Cyber Security ETF: Evolve Cyber Security Index ETF Celebrates Its One-Year Anniversary with One-Year Performance of over 40%
TORONTO, Sept. 24, 2018 /CNW/ - Evolve ETFs ("Evolve") is proud to announce that the Evolve Cyber Security Index ETF ("CYBR") reached its one-year anniversary. CYBR generated a return for the period ending September 19, 2018 of 41.02%.
Evolve is one of Canada's fastest growing ETF providers since launching its first suite of ETFs via the Toronto Stock Exchange ("TSX") on September 20, 2017. Evolve provides differentiated investment solutions, including partnerships with leading global asset managers, as well as strategies which encompass themes that intersect in Canadians' daily lives.
"We are very proud of reaching $300 million in assets in our first year of operation," said Raj Lala, President & CEO of Evolve ETFs. "Most importantly we have launched innovative ETFs that have added value to investor portfolios. Perhaps one of the best illustrations of this is Canada's first cyber security ETF (TSX: CYBR andTSX: CYBR.B)."
Canada's first Cyber Security ETF
CYBR is the first ETF in Canada that invests primarily in equity securities of global companies that are involved in the cyber security industry through hardware and software development. Investment in the cybersecurity space is growing at an unprecedented rate as more people connect to devices.
"CYBR.B has generated very strong performance with a one-year return of over 40%," added Mr. Lala. "Cybercrime continues to be one of the biggest threats to companies and governments. Many of the companies in this ETF provide the cyber security services for these entities. As the amount of connectivity in the world increases there is an expected increase in demand for cyber security."
CYBR is an index (or passively managed) ETF that seeks to replicate, to the extent reasonably possible and before fees and expenses, the performance of the Solactive Global Cyber Security Index Canadian Dollar Hedged, or any successor thereto.
Annualized Performance*
TSX Ticker |
1 Year |
Since Inception** |
|
Evolve Cyber Security Index ETF |
CYBR.B CYBR |
41.02% 33.92% |
41.02% |
Source: Bloomberg.
* For the period ending September 19, 2018. 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. The rates of return shown in the table are not intended to reflect future values of the ETF or returns on investment in the ETF. ETFs are not guaranteed, their values change frequently and past performance may not be repeated. |
** Performance since inception on September 20, 2017, as at September 19, 2018. |
Holdings of CYBR and its current portfolio weights are regularly updated on our website at www.evolveETFs.com/CYBR
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. 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.
Commissions, management fees and expenses all may be associated with an investment in the exchange traded funds managed by Evolve ETFs (the "ETFs"). The prospectus contains important detailed information about the ETFs. Please read the prospectus before investing. This communication is intended for informational purposes only and is not, and should not be construed as, investment and/or tax advice to any individual
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.
CYBR 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 CYBR nor does it in any way represent an assurance or opinion of Solactive AG with regard to any investment in CYBR.
SOURCE Evolve ETFs
Evolve ETFs, [email protected], t. 416.214.4884, tf. 1.844.370.4884; Media Contact: Keith Crone, [email protected], 416.572.2111
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