TORONTO, Dec. 19,
2024 /CNW/ - Evolve Funds Group Inc. ("Evolve")
announces that it has removed certain content from its website and
social media for the following funds: (i) sales communications
disseminated beginning July 2024 for
Evolve NASDAQ Technology Index Fund ("QQQT") which included
performance rating or ranking for QQQT and annualized
performance as it omitted certain prescribed disclosure; and (ii)
on its website, target yield information for Evolve Canadian
Utilities Enhanced Yield Index Fund ("UTES"), as UTES had not
distributed securities under a prospectus for a period of at least
12 consecutive months.
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Fund
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Source
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Description of
Removed Content
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Action
Taken
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QQQT
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Social media
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Sales communication
disseminated beginning in July 2024, stating that QQQT was
"Canada's Best Performing Technology ETF over the past 1 year" and
had an annualized performance of 63.54% as of July 11,
2024.
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The sales communication
has been removed.
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UTES
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Evolve
website
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In the fund's Overview
document posted on Evolve's website a target yield of 16% and
16.44% as at September 4, 2024 and September 30, 2024 respectively,
were disclosed.
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Yield information has
been removed from the fund's Overview document located on Evolve's
website.
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The removal of content outlined above were requested by the
Staff of the Ontario Securities Commission in connection with the
Staff's issue-oriented review of sales communications. No changes
were made to the funds' prospectus or other disclosure
documents.
About Evolve Funds Group Inc.
With over $7 billion in assets
under management, Evolve is one of Canada's fastest growing ETF providers since
launching its first ETF in September
2017. Evolve specializes in bringing innovative ETFs to
Canadian investors. Evolve's suite of ETFs provide investors with
access to: (i) index-based income strategies; (ii) long term
investment themes; 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.
Commissions, management fees and expenses all may be
associated with exchange traded funds (ETFs) and mutual funds. ETFs
and mutual funds are not guaranteed, their values change frequently
and past performance may not be repeated. There are risks involved
with investing in ETFs and mutual funds. Please read the prospectus
for a complete description of risks relevant to ETFs and mutual
funds. Investors may incur customary brokerage commissions in
buying or selling ETF and mutual fund units. Please read the
prospectus before investing
SOURCE Evolve ETFs
