Evolve Funds Group Inc. (Evolve ETFs) announced April 26 that it has filed a final prospectus to launch the Evolve Innovation Index ETF. Units of the ETF have been conditionally approved for listing on the Toronto Stock Exchange to begin trading on May 2, under the ticker symbol EDGE.
Solactive Global Innovation Index
The company says EDGE seeks to replicate the performance of the Solactive Global Innovation Index. The index measures the performance of equity securities that have been assigned a classification according to one of the following categories: Robotics and Automation, Future Cars, Cyber Security, Big Data and Cloud Computing, Genomics and Social Media.
"Innovation has always been a long-term, key driver of global economic growth," said Raj Lala, President & CEO of Evolve ETFs. "Investors need better tools to gain exposure to the themes that are shaping the world. The Evolve Innovation Index ETF combines today's most transformational themes into a single diversified portfolio of disruptive industries. We believe this balanced approach makes it easy for investors to benefit from emerging industries and trends in a simple one-stop solution."