June 18

Evolve files final prospectus for active fixed-income ETF

first_img Share this article and your comments with peers on social media Evolve Funds Group Inc. announced Wednesday that it has filed a final prospectus to launch Evolve Active Core Fixed Income ETF.Evolve has retained Foyston, Gordon & Payne Inc.(FGP), both based in Toronto, to provide subadvisory services to fund. Companies Evolve Funds Group Inc. Units of the ETF have been approved for listing on the NEO Exchange to begin trading on March 29 under the ticker symbol FIXD, subject to confirmation of closing.The fund will close the initial offering of units to its designated broker by the close of business on March 28.The fund seeks to generate an attractive total investment return through income and long term capital appreciation primarily through investments in debt obligations and other evidences of indebtedness of Canadian, U.S., and international issuers, Evolve says in a news release.The ETF is the first Evolve product to list on NEO.“FIXD will enhance our existing suite of ETFs by providing investors with an actively-managed core fixed income strategy,” says Raj Lala, president & CEO of Evolve. “Fixed income is an asset class where active management may offer significant benefits within low and rising interest rate environments.”FGP is also the subadvisor for Evolve Active Canadian Preferred Share ETF, which was launched on Sept. 29, 2017 and trades on the Toronto Stock Exchange under the ticker DIVS. Facebook LinkedIn Twitter Financial accounting business sheet calculator awrangler/123RF IE Staff last_img

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Posted June 18, 2021 by admin in category "heduwqevv

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