TORONTO, Nov. 27, 2019 /CNW/ - Evolve Funds Group
Inc. ("Evolve" or the "Manager") is pleased to
announce the launch of U.S. dollar denominated unhedged ETF units
("USD Unhedged ETF Units") for the Evolve Global Healthcare
Enhanced Yield Fund ("LIFE") and the Evolve US Banks
Enhanced Yield Fund ("CALL") making it more convenient for
Canadians who want to use U.S. dollars to invest.
The Evolve Global Healthcare Enhanced Yield Fund and the Evolve
US Banks Enhanced Yield Fund have closed initial offerings of USD
Unhedged ETF Units and will begin trading on the Toronto Stock
Exchange ("TSX") today under the ticker symbols
"LIFE.U" and "CALL.U".
CALL.U follows the launch of Canadian dollar hedged
(TSX: CALL) and Canadian dollar unhedged (TSX:
CALL.B) ETF units on October 16,
2017. LIFE.U follows the launch of Canadian dollar
hedged (TSX: LIFE) and Canadian dollar unhedged (TSX:
LIFE.B) ETF units on October 25,
2017.
LIFE.B, the Canadian dollar unhedged ETF unit of the
Evolve Global Healthcare Enhanced Yield Fund, was Canada's top-performing healthcare ETF for the
2018 calendar year (out of 11 healthcare ETFs).* LIFE.B is
also the top performing healthcare ETF over the past 1 year and 2
years (out of 15 healthcare ETFs).**
Annualized Performance1
Ticker
|
YTD
|
1
Year
|
2
Year
|
Since Inception
Date2
|
LIFE
(Hedged)
LIFE.B
(Unhedged)
|
13.49%
9.01%
|
13.91%
14.03%
|
8.76%
11.60%
|
6.72%
10.45%
|
CALL
(Hedged)
CALL.B
(Unhedged)
|
21.09%
17.92%
|
4.05%
5.22%
|
1.59%
3.29%
|
3.26%
6.63%
|
Source:
Bloomberg
|
1 Total
return performance for the period ending October 31,
2019
|
2
Performance since inception of LIFE, LIFE.B on October 25, 2017 and
CALL, CALL.B on October 16, 2017
|
The indicated rates of return are the historical annual
compounded total returns (except for figures of one year or less,
which are simple total returns) including changes in per unit
value and reinvestment of all dividends or distributions and do not
take into account sales, redemption, distribution or optional
charges or income taxes payable by any securityholder that would
have reduced returns. The rates of return shown in the table are
not intended to reflect future values of the ETF or returns on
investment in the ETF. ETFs are not guaranteed, their values change
frequently and past performance may not be repeated.
LIFE and CALL seek to replicate, to the
extent reasonably possible before fees and expenses, the
performance of the Solactive Global Healthcare 20 Index Canadian
Dollar Hedged and the Solactive Equal Weight US Bank Index Canadian
Dollar Hedged, respectively, while writing covered call options on
up to 33% of the portfolio securities, at the discretion of the
Manager. The level of covered call option writing may vary based on
market volatility and other factors.
* Based on the Bloomberg Finance L.P. classification of 11
healthcare ETFs in Canada, as at
December 31, 2018.
** Based on the Bloomberg Finance L.P. classification of 15
healthcare ETFs in Canada, as at
October 31, 2019.
Commissions, management fees and applicable sales taxes all
may be associated with an investment in the exchange traded funds
(the "ETFs") managed by Evolve Funds Group Inc. The ETFs are not
guaranteed, their values change frequently and past performance may
not be repeated. There are risks involved with investing in
ETFs. Please read the prospectus for a complete description of
risks relevant to the ETF. Please read the prospectus
before investing.
Certain statements contained in this news release constitute
forward-looking information within the meaning of Canadian
securities laws. Forward-looking information may relate to a future
outlook and anticipated distributions, events or results and may
include statements regarding future financial performance. In some
cases, forward-looking information can be identified by terms such
as "may", "will", "should", "expect", "anticipate", "believe",
"intend" or other similar expressions concerning matters that are
not historical facts. Actual results may vary from such
forward-looking information. Evolve undertakes no obligation
to update publicly or otherwise revise any forward-looking
statement whether as a result of new information, future events or
other such factors which affect this information, except as
required by law.
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