TORONTO, April 17, 2021 /CNW/ - Evolve Funds Group
Inc. ("Evolve") is pleased to announce it is waiving the
full 0.75% management fee effective immediately and will remain in
full force and effect until May 31,
2021, on the Ether ETF ("ETHR"). On Friday, April 16, 2021, Evolve announced its
plans to launch the world's first Ether ETF, ETHR, on Tuesday, April 20, 2021 on the Toronto Stock
Exchange ("TSX"). This voluntary management fee waiver will result
in a 0% management fee for the Ether ETF until May 31, 2021, bringing an immediate value
opportunity to investors for this limited time.
|
Ticker
|
Effective
Management Fee*
(after
waiver)
|
Ether ETF
(Unhedged)
|
ETHR
|
0%
|
Ether ETF (USD
Unhedged)
|
ETHR.U
|
0%
|
* Following May 31, 2021, the
effective management fee of the Ether ETF will revert back to 0.75%
of net asset value, plus applicable sales taxes.
The investment objective for the Ether ETF will remain the
same. ETHR provides investors with exposure to the daily
price movements of the U.S. dollar price of Ether while
experiencing minimal tracking error by utilizing the benefits of
the creation and redemption processes offered by the exchange
traded fund structure.
To learn more about the Ether ETF visit
www.evolveetfs.com/ethr
About Evolve Funds Group Inc.
With approximately
$1.8 billion in assets under
management, Evolve is one of Canada's fastest growing ETF providers since
launching its first ETF in September 2017. Evolve is a leader
in thematic ETFs and specializes in bringing disruptive innovation
ETFs to Canadian investors. Evolve's suite of ETFs provide
investors with access to: (i) long term investment themes; (ii)
index-based income strategies; and (iii) some of the world's
leading investment managers. Established by a team of
industry veterans with a proven track record of success, Evolve
creates investment products that make a difference. For more
information, please visit www.evolveetfs.com.
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Commissions, management fees and expenses all may be associated
with exchange traded funds (ETFs) and mutual funds. ETFs and mutual
funds are not guaranteed, their values change frequently and past
performance may not be repeated. There are risks involved with
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a complete description of risks relevant to ETFs and mutual funds.
Investors may incur customary brokerage commissions in buying or
selling ETF and mutual fund units. Please read the prospectus
before investing.
Commissions, management fees, expenses and applicable sales
taxes all may be associated with an investment in the exchange
traded funds managed by Evolve Funds Group Inc. (the "ETFs"). ETFs
are not guaranteed, their values change frequently and past
performance may not be repeated.
Certain statements contained in this news release constitute
forward-looking information within the meaning of Canadian
securities laws. Forward-looking information may relate to a future
outlook and anticipated distributions, events or results and may
include statements regarding future financial performance. In some
cases, forward-looking information can be identified by terms such
as "may", "will", "should", "expect", "anticipate", "believe",
"intend" or other similar expressions concerning matters that are
not historical facts. Actual results may vary from such
forward-looking information. Evolve undertakes no obligation to
update publicly or otherwise revise any forward-looking statement
whether as a result of new information, future events or other such
factors which affect this information, except as required by
law.
SOURCE Evolve ETFs