Evolve Funds Group Inc. today announced that it has filed a final prospectus to launch the Evolve Active Core Fixed Income ETF. Units of ticker symbol FIXD have been approved for listing on the NEO Exchange to begin trading March 29.
Evolve ETFs has retained Foyston, Gordon & Payne Inc. (FGP) to provide sub-advisory services to FIXD.
Low and rising interest rate environment
"FIXD will enhance our existing suite of ETFs by providing investors with an actively-managed core fixed income strategy," said Raj Lala, President & CEO of Evolve ETFs. "Fixed income is an asset class where active management may offer significant benefits within low and rising interest rate environments."
"We are excited to once again partner with Evolve ETFs and bring this high quality fixed income strategy to the Canadian retail market," said Ryan Domsy, Vice President and Portfolio Manager, Fixed Income at Foyston, Gordon & Payne Inc. "The objective of the Evolve Active Core Fixed Income ETF is to provide capital preservation, risk mitigation, and enhanced returns through diversification beyond traditional fixed income strategies. In the currently low and potentially rising interest rate environment, the flexibility provided by this active approach should deliver significant value to a client's portfolio."