Evolve Funds Group Inc. has filed a final prospectus to launch Evolve Innovation Index ETF, the Toronto-based company announced on Thursday.
Units of the ETF have been conditionally approved for listing on the Toronto Stock Exchange and will begin trading on May 2, under the ticker symbol EDGE.
The ETF aims to track the performance of the Solactive Global Innovation Index and invest, directly or indirectly, in equity securities of companies involved in innovative or disruptive trends across a broad range of industries worldwide.
The index measures the performance of equity securities that have been assigned the classification of robotics and automation, future cars, cybersecurity, big data and cloud computing, or genomics and social media.
“Innovation has always been a long-term, key driver of global economic growth,” says Raj Lala, president and CEO of Evolve ETFs, in a statement.
“Investors need better tools to gain exposure to the themes that are shaping the world,” he adds. “The Evolve Innovation Index ETF combines today’s most transformational themes into a single diversified portfolio of disruptive industries. We believe this balanced approach makes it easy for investors to benefit from emerging industries and trends in a simple one-stop solution.”