TORONTO, May 16, 2019 /CNW/ - Evolve Funds Group Inc.
("Evolve") is pleased to announce the launch of U.S. dollar
denominated unhedged ETF units ("USD Unhedged ETF Units") of
the Evolve Cyber Security Index Fund ("CYBR"), making it
more convenient for Canadians who want to use U.S. dollars to
invest.
The Evolve Cyber Security Index Fund has closed its initial
offering of USD Unhedged ETF Units and will begin trading on the
Toronto Stock Exchange ("TSX") today under the ticker symbol
"CYBR.U".
CYBR.U follows the launch of Canadian dollar hedged (TSX: CYBR)
and Canadian dollar unhedged (TSX: CYBR.B) ETF units on
September 20, 2017.
CYBR.B, the Canadian dollar unhedged ETF unit of the Evolve
Cyber Security Index Fund, was Canada's top-performing equity ETF for the
2018 calendar year. CYBR.B was Canada's top performer out of 510 equity
ETFs.*
Annualized Performance1
|
|
Ticker
|
YTD
|
1
Year
|
Since Inception
Date2
|
|
CYBR.B
(Unhedged)
|
25.51%
|
27.13%
|
59.17%
|
|
|
|
|
|
CYBR
(Hedged)
|
27.62%
|
20.79%
|
44.68%
|
|
|
|
|
Source: Bloomberg
1 For the period ending April 30,
2019
2 Performance since inception on September 20, 2017, as at April 30, 2019.
The indicated rates of return are the historical annual
compounded 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.
"We launched CYBR.U in response to a number of requests from
advisors for an unhedged U.S. dollar CYBR class for accounts they
manage on behalf of their clients," said Evolve ETFs President and
CEO Raj Lala. "Cyber security remains a non-discretionary spend for
businesses and a driving force for the continuous growth of the
global economy."
CYBR seeks to replicate, to the extent reasonably possible and
before fees and expenses, the performance of the Solactive Global
Cyber Security Index Canadian Dollar Hedged. CYBR invests primarily
in equity securities of companies located domestically or
internationally that are involved in the cyber security industry
through hardware and software development.
About Evolve Funds Group Inc.
With assets under management of over $470
million, Evolve is Canada's
fastest growing ETF provider since launching its first suite of
ETFs on September 20, 2017. As
a leader in thematic ETFs, Evolve 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, Evolve creates
investment products that make a difference. For more information,
please visit www.evolveetfs.com.
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*Based on the Bloomberg classification of 510 Canadian
unlevered equity ETFs, as at December 31,
2018.
Commissions, management fees and applicable sales taxes all
may be associated with an investment in the exchange traded funds
managed by Evolve Funds Group Inc. (the "ETFs"). The ETFs are not
guaranteed, their values change frequently and past performance may
not be repeated. The prospectus contains important detailed
information about the ETFs. 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 ETFs 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.
SOURCE Evolve ETFs