A new ETF from Evolve Funds Group Inc. aims to invest in companies expected to benefit from medium- and long-term economic trends.
The Evolve Future Leadership Fund seeks to provide long-term capital appreciation by investing in leading companies in growth sectors such as cloud computing, e-gaming, cybersecurity, genomics and telehealth, the firm said in a release on Monday.
Evolve, which will manage the fund, uses a selection process that combines quantitative techniques with fundamental analysis and risk management. Evolve has the ability to write covered call options on up to 33% of the portfolio at its discretion.
The ETF is available in three versions: hedged or unhedged Canadian dollar units, and unhedged U.S. dollar units.