Evolve Funds Group Inc. Announces Filing of Preliminary Prospectus for Actively-Managed ETFs
TORONTO, June 26, 2017 /CNW/ - Evolve Funds Group Inc. ("Evolve Funds") announces the filing of a preliminary prospectus with the Canadian securities regulators in connection with the launch of four actively managed exchange-traded funds (the "Evolve ETFs"):
Name of Evolve ETF |
Sub-Advisor
|
Evolve Active US Core Equity ETF (Hedged and Unhedged classes)
|
Nuveen Asset Management, LLC |
Evolve Active Short Duration Bond ETF (Hedged and Unhedged classes)
|
Nuveen Asset Management, LLC |
Evolve Active Canadian Preferred Share ETF (Unhedged class)
|
Foyston, Gordon & Payne Inc. |
Evolve Active Floating Rate Loan ETF (Hedged and Unhedged classes)
|
Credit Suisse Asset Management, LLC |
"We're very excited to bring our first suite of ETFs to the Canadian marketplace. We named our company Evolve to reflect today's changing investment landscape. The way investors and their advisors evaluate their portfolios is very different than five years ago. ETFs will continue to play an important role in the investment process," said Raj Lala, President and CEO of Evolve Funds.
"I believe there's a place for active and passive ETFs in client portfolios. There are a number of market segments that merit good active management with potential to generate better risk-adjusted returns."
A preliminary prospectus containing important information relating to securities of the new Evolve ETFs has been filed with the securities commissions or similar authorities in all provinces and territories of Canada. The preliminary prospectus is still subject to completion or amendment. A copy of the preliminary prospectus is available on SEDAR (www.sedar.com). There will not be any sale or acceptance of an offer to buy the securities until a receipt for the final prospectus has been issued.
Commissions, management fees, and expenses all may be associated with the Evolve ETFs. ETFs are not guaranteed, their values change frequently, and past performance may not be repeated.
About Evolve Funds Group Inc.
Evolve Funds was established as an asset management firm to provide Canadian investors with access to innovative investment solutions by partnering with some of the world's largest and most respected Investment Managers. For more information, please visit www.evolvefunds.com.
SOURCE Evolve Funds Group Inc.
Evolve Funds Group Inc., [email protected], 416.214.4884
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