Change in manager and trustee to Toronto-based Evolve Funds Group from Sphere Investment Management approved
Proposed changes reflect Evolve’s purchase of the management contracts for Sphere’s five ETFs
The deal will add five ETFs and $68 million in AUM to Evolve’s growing ETFs business
A product lineup that will grow to more 30 than factor-tilted, smart beta ETFs will distinguish Sphere from its competitors, says the firm’s founder and CEO
Sphere FTSE Canada Sustainable Yield Index ETF invests in up to 150 Canadian equities of public issuers exhibiting relatively high and sustainable yields