Evolve Funds’ new innovation ETF to start trading in May

Evolve Funds Group Inc. has filed a final prospectus to launch the Evolve Innovation Index ETF, which will invest in companies that are involved in innovative or disruptive trends across the globe.

The companies will be involved in areas such as robotics and automation, future cars, cyber security, big data and cloud computing, genomics and social media.

Units of the fund, which will use the ticker symbol EDGE, have been conditionally approved for listing on the TSX and would begin trading on May 2.

The ETF will seek to replicate the Solactive Global Innovation Index as much as possible before fees and expenses. EDGE is expected to close the initial offering of its units by May 1.

This new fund is the latest in a growing group of ETFs to invest in technology and innovation. The Horizons Robotics and Automation Index ETF (ROBO) and Evolve Automobile Innovation Index ETF (CARS) are both new entrants, and blockchain ETFs are on their way.

For more on why investors are looking for more technology funds, read Why Canadian investors need more technology exposure.

Also read:

2 new ETFs to watch for

Evolve Funds files preliminary prospectus for innovation ETF

Staff

The staff of Advisor.ca have been covering news for financial advisors since 1998.