The new ETF will seek exposure to global companies in innovative and disruptive industries
Shortly after launching its new core fixed-income ETF, Evolve ETFs has announced its filing of a preliminary prospectus for a new fund that provides access to global innovation.
The Evolve Innovation Index ETF, with the ticker symbol EDGE, is designed to offer investors exposure to a portfolio of global companies in innovative and disruptive industries. These include cloud computing and big data, robotics and automation, genomics, blockchain, future cars, alternative or renewable energy and social media.
“The Evolve Innovation Index ETF complements our existing suite of thematic ETFs,” said Evolve ETFs President and CEO Raj Lala. “Investments in many innovative and disruptive industries continue to have very solid long-term investment rationale behind them. We believe EDGE is the first ETF in Canada to provide balanced access to all of these emerging industries in a single, simple-to-invest-in solution.”
EDGE seeks to track the performance — before counting fees and expenses — of the Solactive Global Innovation Index. With Evolve ETFs as its promoter, manager, trustee and portfolio manager, the fund can make direct or indirect investments of companies, domestic or international, that are involved in innovative and disruptive trends across a wide range of industries.
