Evolve Funds Group Inc. has filed a preliminary prospectus with Canadian securities regulators for the Evolve Active Core Fixed Income ETF.

Evolve ETFs has retained Foyston, Gordon & Payne Inc. to provide sub-advisory services.

Read: ETF markets hit record highs: report

The ETF seeks to invest primarily in domestic and international high-quality fixed income securities and, to a lesser extent, add yield or enhance returns on the portfolio by opportunistically investing in international fixed income securities, emerging market debt, preferred shares, convertible bonds and non-investment-grade bonds.

“Active management in fixed income may have advantages for investors, including the ability to uncover some inefficiencies and dislocations, resulting in the potential to outperform a benchmark,” says Raj Lala, president and CEO of Evolve ETFs, in a release.

A preliminary prospectus containing important information relating to securities of the Evolve ETF has been filed with the securities commissions or similar authorities in all provinces and territories of Canada.

The preliminary prospectus is subject to completion or amendment. A copy is available on SEDAR. There will be no sale or acceptance of an offer to buy the securities until a receipt for the final prospectus has been issued.

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