Evolve launches more ETFs

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

Toronto-based Evolve Funds Group Inc. has launched four ETFs. Evolve Global Health­care En­hanced Yield ETF seeks to repli­cate the per­for­mance of the So­lac­tive global health care 20 in­dex (Cana­dian dol­lar hedged) and in­vests pri­mar­ily in the equities con­stituents of that in­dex; this ETF’s port­fo­lio man­ager has the dis­cre­tion to write cov­ered-call op­tions on up to 33% of the port­fo­lio’s se­cu­ri­ties. Evolve U.S. Banks En­hanced Yield ETF is de­signed to repli­cate the per­for­mance of the So­lac­tive equal­weight U.S. bank in­dex (Cana­dian dol­lar hedged); this ETF’s port­fo­lio man­ager has the abil­ity to write cov­ered-call op­tions on up to 33% of the port­fo­lio’s se­cu­ri­ties. Evolve Ac­tive U.S. Core Eq­uity ETF in­vests pri­mar­ily in equities of U.S.-listed, large-cap com­pa­nies, which are se­lected us­ing a com­bi­na­tion of quan­ti­ta­tive tech­niques, fun­da­men­tal anal­y­sis and risk man­age­ment. As for Evolve Ac­tive Short Du­ra­tion Bond ETF, dur­ing nor­mal mar­ket con­di­tions that port­fo­lio is in­vested pri­mar­ily in be­low in­vest­ment-grade cor­po­rate debt se­cu­ri­ties rated BB+/Ba1 or lower by credit-rat­ing agen­cies. This ETF’s port­fo­lio will gen­er­ally have an av­er­age du­ra­tion of less than three years. Chicago-based Nu­veen As­set Man­age­ment LLC will act as sub­ad­vi­sor for both Evolve Ac­tive U.S. Core Eq­uity ETF and Evolve Ac­tive Short Du­ra­tion Bond ETF.

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