Evolve Funds Group announced Nov. 14 the launch of the Evolve Active Global Fixed Income ETF. The new ETF is trading on the Toronto Stock Exchange under the ticker symbol EARN.
EARN is an actively managed exchange traded fund that invests primarily in global debt securities of corporate issuers. Allianz Global Investors is the fund’s sub-advisor.
"Advisor and investor demand for actively managed fixed income ETFs continues to increase," said Raj Lala, President & CEO of Evolve ETFs. "Over the past five years, the majority of active bond managers have outperformed passive mutual funds and ETFs…We are very pleased to provide Canadian investors with access to the fixed income expertise of Allianz Global Investors, one of the world's leading active investment managers."
"We are excited to partner with Evolve ETFs in sub-advising our first actively managed ETF and strengthening our foothold in Canada – a key growth market with fantastic opportunity," said David Newman, Head of Global High Yield at AllianzGI. "