TORONTO, April 5, 2019 /CNW/ - Evolve Funds Group Inc.
("Evolve") announces the following changes to the risk
ratings of certain exchange traded funds (ETFs).
The risk rating for Evolve Cyber Security Index Fund (CYBR.B)
decreased from "Medium to High" to "Medium". The risk rating for
the Evolve North American Gender Diversity Index Fund (HERS.B)
decreased from "Medium" to "Low to Medium". The risk rating for the
Evolve Automobile Innovation Index Fund (CARS, CARS.U) increased
from "Medium to High" to "High". The risk rating for the Evolve US
Banks Enhanced Yield Fund (CALL) increased from "Medium to High" to
"High".
The investment risk level of an ETF is determined in accordance
with a standardized risk classification methodology, set out in
National Instrument 81-102 Investment Funds, that is based on the
historical volatility of the ETF, as measured by the 10-year
standard deviation of the returns of the ETF. If an ETF has less
than 10 years of performance history, the investment risk level of
the ETF is calculated using the return history of the ETF, and, for
the remainder of the 10-year period, the return history of a
reference index that is expected to reasonably approximate the
standard deviation of the ETF.
No changes have been made to the investment objectives or
strategies of these ETFs as a result of the changes to the risk
ratings. A summary of the risk rating classification methodology,
and the investment objectives and strategies of these ETFs, can be
found in the most recently filed prospectus for CYBR.B, HERS.B,
CARS, CARS.U, and CALL.
For further information regarding the ETFs, please visit
www.evolveetfs.com
About Evolve Funds Group Inc.
Evolve is one of
Canada's fastest growing ETF
providers since launching its first suite of ETFs via the Toronto
Stock Exchange in September 2017. Evolve is a leader in
thematic ETFs and 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.
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SOURCE Evolve ETFs