Toronto-based Evolve Funds Group Inc. has filed a preliminary prospectus with Canadian securities regulators for Evolve Innovation Index ETF, the company announced on Tuesday.
The ETF is designed to provide Canadian investors with a portfolio of global companies involved in innovative and disruptive industries, including: cloud computing and big data, robotics and automation, genomics, blockchain, future cars, alternative or renewal energy and social media.
The fund seeks to replicate, to the extent reasonably possible and before fees and expenses, the performance of the Solactive global innovation Index.
“The Evolve Innovation Index ETF complements our existing suite of thematic ETFs,” said Raj Lala, president and CEO. “Investments in many innovative and disruptive industries continue to have very solid long-term investment rationale behind them.”