Two new ETFs from Evolve

Toronto-based Evolve Funds Group Inc. has launched two ETFs. Evolve Automobile Innovation Index ETF aims to replicate the performance of the Solactive future cars index, Canadian dollar-hedged. Evolve Active Canadian Preferred Share ETF invests in a mix of preferred shares, primarily from Canada, but also U.S. and international issues. Toronto-based Foyston Gordon & Payne Inc. will act as subadvisor for the new ETF.

(fcollie@investmentexecutive.com).