Evolve Files Preliminary Prospectus For The World s First ETFs To Bring Carbon Neutrality To S&P/TSX 60 And S&P 500 Indices
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TORONTO, April 13, 2021 /CNW/ - Evolve Funds Group Inc. (
Evolve ) is pleased to announce that it has filed a preliminary prospectus with the Canadian securities regulators for the world s first ETFs to bring carbon neutrality to traditional indices through the newly formed Evolve CleanBeta™ series of ETFs. The Evolve S&P/TSX 60 CleanBeta™ Fund (
SIXT ) and the Evolve S&P 500 CleanBeta™ Fund (
FIVE ) are designed to provide investors with the performance of S&P/TSX 60 and S&P 500 Indices, respectively, while striving to offset the carbon footprint of the securities in the portfolios.
Katie Keir
Three companies are going head-to-head next week, with each firm launching a direct custody ether ETF on April 20.
Purpose Investments is launching the Purpose Ether ETF, Evolve is introducing ETHR and CI Global Asset Management (CI GAM) is bringing the CI Galaxy Ethereum ETF to market all the funds will trade on the TSX and provide direct exposure to Ether, the second-largest cryptocurrency by market capitalization after Bitcoin.
The Purpose fund has a management fee of 1%; the Evolve fund, 0.75%; and the CI fund, 0.4% “the lowest management fee of any Ether ETF globally,” CI said in a release.
For its part, the Purpose fund will invest directly in physically settled Ether tokens and will have three classes: Canadian-dollar hedged (ETHH), Canadian dollar non-currency hedged (ETHH.B), and U.S.-dollar units (ETHH.U).
Morning News Call - India, April 13 Reuters 4/13/2021 (Morning News Call - India edition will not be published on Wednesday, April 14, on account of the Dr. Baba Saheb Ambedkar Jayanti holiday) To access a PDF version of this newsletter, please click here https://share.refinitiv.com/assets/newsletters/Indiamorning/MNC IN 04132021.pdf If you would like to receive this newsletter via email, please register at: https://solutions.refinitiv.com/MNCIndiaSubscriptionpage FACTORS TO WATCH • 4:00 pm: Health Ministry briefing on Covid-19 situation in New Delhi. PROMOTION LIVECHAT - ETF AND BITCOIN FOCUS Evolve ETF CEO Raj Lala joins the forum to discuss the uptake of his firm s bitcoin ETF offering as well as what Evolve is doing to stay ahead of rivals in the cutthroat world of exchange traded funds. To join the discussion at 7:30 pm IST, click here https://www.refinitiv.com/en/products/refinitiv-messenger/editorial-communities-financial-forums
This article appears in the March 2021 issue of Advisor’s Edge
Early in the pandemic, an aphorism from the last financial crisis gained new life and was soon being applied to problems from business supply chains to reshaping major economies.
“Never allow a good crisis to go to waste,” said Barack Obama’s then chief of staff, Rahm Emanuel, in 2009. He repeated the line in March 2020, and others have followed.
Advisory firms, asset managers and regulators have all been examining their responses to pandemic lockdowns that upended traditional business practices. Many are finding silver linings in how they quickly executed changes that might otherwise have taken years.