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Change in manager and trustee to Toronto-based Evolve Funds Group from Sphere Investment Management approved

By Leah Golob |

Toronto-based Sphere Investment Management Inc. has announced that unitholders of various ETFs have approved proposed certain changes.

More specifically, unitholders of Sphere FTSE Canada Sustainable Yield Index ETF, Sphere FTSE Europe Sustainable Yield Index ETF, Sphere FTSE Emerging Markets Sustainable Yield Index ETF, FTSE US Sustainable Yield Index ETF and Sphere FTSE Asia Sustainable Yield Index ETF have approved a proposed change in manager and trustee to Toronto-based Evolve Funds Group Inc. from Sphere Investment Management.

In addition, unitholders are in favour of merging Sphere FTSE US Sustainable Yield Index ETF and Sphere FTSE Asia Sustainable Yield Index ETF into Sphere FTSE Canada Sustainable Yield Index ETF.

These changes are expected to occur in January 2018, subject to regulatory and third-party approvals.

Read: Evolve buys Sphere's ETFs business