Two new ETFs from Evolve

Investment Executive - - FOCUS ON PRODUCTS - Com­piled by Fiona Col­lie (fcol­lie@in­vest­mentex­ec­u­tive.com).

Toronto-based Evolve Funds Group Inc. has launched two ETFs. Evolve Au­to­mo­bile In­no­va­tion In­dex ETF aims to repli­cate the per­for­mance of the So­lac­tive fu­ture cars in­dex, Cana­dian dollar-hedged. Evolve Ac­tive Cana­dian Pre­ferred Share ETF in­vests in a mix of pre­ferred shares, pri­mar­ily from Canada, but also U.S. and in­ter­na­tional is­sues. Toronto-based Foys­ton Gor­don & Payne Inc. will act as sub­ad­vi­sor for the new ETF.

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