TORONTO, July 23, 2019 /CNW/ - Evolve Funds Group Inc.
("Evolve") is pleased to announce the inclusion of a 5G
technology category to the Evolve Innovation Index Fund (TSX:
EDGE), providing Canadian investors the opportunity to participate
in the next wave of mobile connectivity. As global carriers invest
billions in the development of the 5G network, this innovative
technology is on the brink of disruption.
As the fifth generation of cellular networking, 5G is designed
to replace the current 4G mobile network with extremely fast
connectivity. This increased network efficiency will pave the way
for innovation across numerous sectors.
"5G technology will deliver much faster connection speeds with
less latency and greater reliability," said Evolve President and
CEO, Raj Lala. "This will help fuel a huge rise in Internet of
Things technology allowing for a smarter and more connected world.
This will be critical in many aspects of our future lives including
self-driving cars and robotics."
As of Monday, July 22, 2019, EDGE
will include some of the ten global companies spearheading the
development of 5G technology. The below table reflects some of the
additions to the EDGE 5G category as well as their performance over
the past one year.
Performance1 over the past five years as at
(June 28, 2019)
Holding
|
Ticker
|
Total return over
the past five years1
|
China Mobile
Ltd
|
CHL US
|
41.20%
|
Deutsche Telekom
AG
|
DTE GR
|
46.66%
|
KDDI Corp
|
9433 JP
|
77.48%
|
NTT DOCOMO
Inc
|
9437 JP
|
98.24%
|
Samsung Electronics
Co Ltd
|
005930 KS
|
111.39%
|
SoftBank Group
Corp
|
9984 JP
|
62.33%
|
Sony Corp
|
SNE US
|
293.01%
|
T-Mobile US
Inc
|
TMUS US
|
170.70%
|
Verizon
Communications Inc
|
VZ US
|
80.11%
|
Qualcomm
|
QCOM US
|
40.46%
|
Source: Bloomberg
1 The rates of return shown in the table are used only
to illustrate the effect of the compound growth rate and are not
intended to reflect future values of the equity security or returns
on investment of the equity security. Total return performance
calculations reflect performance from June
30, 2014 to June 28, 2019 on a
trailing basis and are subject to change daily.
EDGE seeks to replicate, to the extent reasonably possible and
before fees and expenses, the performance of the Solactive Global
Innovation Index (the "Index"). EDGE directly or indirectly invests
in equity securities of companies located domestically or
internationally that are involved in innovative or disruptive
trends across a broad range of industries.
The EDGE Index measures the performance of equity securities of
issuers that are located in developed markets, Taiwan or South
Korea, and that have been assigned a classification
according to one of the following categories: Robotics and
Automation, Future Cars, Cyber Security, Big Data and Cloud
Computing, Genomics and Social Media.
"The inclusion of 5G as an additional index category further
strengthens the disruptive nature of the Solactive Global
Innovation Index," said Timo
Pfeiffer, Head of Research at Solactive. "5G as a technology
allows for faster, more stable and versatile network compared to
the existing 4G technology and will hence shape the future in that
segment."
It is intended that each category will be equally weighted in
the portfolio, and that with respect to the categories other than
Future Cars and Cyber Security, each category will include 10
Constituent Issuers and such Constituent Issuers will be equally
weighted within their respective category. In the event any of
these categories result in less than 10 Constituent Issuers based
on the criteria for inclusion, then that category's allocation in
the portfolio may be reduced accordingly.
The composition of the EDGE Index is reviewed semi-annually and
rebalanced on a quarterly basis. The EDGE Index is published in
Canadian dollars. The Solactive Global Innovation Index is an index
of Solactive AG and is calculated and distributed by Solactive AG.
Additional information regarding the EDGE Index is available at
www.Solactive.com.
About Evolve Funds Group Inc.
With assets under management of over $500
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, we create
investment products that make a difference. For more information,
please visit www.evolveetfs.com.
Join us on social media: Twitter | LinkedIn | Facebook
About Solactive
Solactive AG is an innovative index
provider and financial data and technology provider that focuses on
the development, calculation and distribution of tailor-made
indices across all asset classes. As at January 2019, Solactive AG served approximately
400 clients in Europe, America and
Asia, with approximately
USD 200 billion invested in products
linked to indices calculated by the company globally, primarily via
380 exchange-traded funds from a number of well-known providers.
Solactive AG was established in 2007 and is headquartered in
Frankfurt, with additional offices
in Berlin, Dresden, Hong
Kong and Toronto. For
further information, please visit www.solactive.com.
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.
EDGE is not sponsored, promoted, sold or supported in any
other manner by Solactive AG nor does Solactive AG offer any
express or implicit guarantee or assurance either with regard to
the results of using the Index and/or Index trade name or the Index
Price at any time or in any other respect. The Index is calculated
and published by Solactive AG. Solactive AG uses its best efforts
to ensure that the Index is calculated correctly. Irrespective of
its obligations towards EDGE, Solactive AG has no obligation to
point out errors in the Index to third parties including but not
limited to investors and/or financial intermediaries of the
financial instrument. Neither publication of the Index by Solactive
AG nor the licensing of the Index or Index trade name for the
purpose of use in connection with the financial instrument
constitutes a recommendation by Solactive AG to invest capital in
EDGE nor does it in any way represent an assurance or opinion of
Solactive AG with regard to any investment in EDGE.
SOURCE Evolve ETFs