Original News Release
Evolve Nasdaq USD units begin trading on TSX
An anonymous director reports
EVOLVE LAUNCHES USD CURRENCY OPTION FOR EVOLVE NASDAQ TECHNOLOGY ENHANCED YIELD INDEX FUND
Evolve Funds Group Inc. has an additional currency option, USD (U.S.-dollar-denominated) unhedged ETF (exchange-traded fund) units, for the Evolve Nasdaq Technology Enhanced Yield Index Fund. The fund has closed its initial offering of units and will begin trading on the Toronto Stock Exchange today under the ticker symbol QQQY.U.
The fund seeks to provide exposure to technology companies while generating enhanced income through a covered call strategy. It aims to replicate, to the extent reasonably possible and before fees and expenses, the performance of the Nasdaq-100 Technology Sector Adjusted Market-Cap Weighted Index or a successor index. To enhance yield and manage risk, the fund will employ a covered call option writing program at the discretion of the manager. The level of covered call option writing may vary based on market conditions.
The attached table sets out the Toronto Stock Exchange ticker symbols for the units of the fund.
About Evolve Funds Group Inc.
With over $8-billion in assets under management, Evolve specializes in bringing innovative ETFs to Canadian investors. Evolve's suite of ETFs provide investors with access to: (i) index-based income strategies; (ii) long-term investment themes; and (iii) some of the world's leading investment managers. Established by a team of industry veterans with a demonstrated ability to succeed, Evolve creates investment products that make a difference.
Evolve is the investment fund manager and portfolio manager. Evolve Nasdaq Technology Enhanced Yield is offered by Evolve and distributed through authorized dealers.
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