Evolve Funds Group announced March 2 that it has filed a preliminary prospectus with Canadian securities regulators for the Evolve Active Core Fixed Income ETF (FIXD).
Evolve ETFs has retained Foyston, Gordon & Payne Inc. (FGP) to provide sub-advisory services to FIXD.
"This core fixed income strategy complements our existing suite of ETFs," said Raj Lala, President & CEO of Evolve ETFs. "Accordingly, we are very pleased to partner with FGP on another actively-managed ETF. Active management in fixed income may have advantages for investors, including the ability to uncover some inefficiencies and dislocations, resulting in the potential to outperform a benchmark."
The new ETF will invest primarily in core fixed income securities and may also include non-core fixed income securities, says the company.