TORONTO, May 10, 2022 /CNW/ – Evolve Group of Funds Inc. (“To evolve“) is pleased to announce that effective today, it has reduced the management fee for the High Interest Savings Account fund (“HISA” or “the ETF“), by December 31, 2022. The ETF offers investors a cash solution to preserve capital and liquidity by investing in high interest deposit accounts and trading on the NEO Exchange (“NEO“) under the stock symbol HISA.
Starting on Tuesday, May 10, 2022the effective annual management fee for HISA will be five basis points (0.05%) plus applicable sales taxes, following a fee reduction of 10 basis points (0.10%). Consequently, through December 31, 2022this fee reduction offers a higher return to investors.
“With recent market volatility and the challenging fixed income market, many investors are increasing their cash,” said Raj Lala, President and CEO of Evolve ETFs. “HISA is a high-yield cash solution that can help stabilize investors’ portfolios and provide liquidity to take advantage of future market opportunities. This fee reduction was put in place to help investment advisors and their clients to obtain an attractive high net return as well as daily liquidity.
The investment objective of HISA is to maximize monthly income while preserving capital and liquidity by investing primarily in high interest deposit accounts. With over $560 million in assets, HISA is an alternative to current cash positions by offering investors a higher return than traditional cash investments. The potential benefits of investing in HISAinclude:
- Attractive return.
- Daily liquidity and convenience – flexibility provides investors with easy access to cash deposits.
- Monthly income – the high interest rate is calculated daily and paid monthly.
- Low cost – lower management expense ratio (MER) thanks to December 31, 2022.
To learn more, visit https://evolveetfs.com/product/hisa/
Commissions, management fees, and expenses all can 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 to investing in ETFs and mutual funds. Please read the prospectus for a full description of the risks associated with ETFs and mutual funds. Investors may incur customary brokerage commissions when buying or selling units of ETFs and mutual funds. Please read the prospectus before investing.
Certain statements contained in this press release constitute forward-looking information within the meaning of Canadian securities laws. Forward-looking information may relate to future prospects and anticipated distributions, events or results and may include statements regarding future financial performance. In some instances, forward-looking information may be identified by terms such as “may”, “shall”, “should”, “expect”, “anticipate”, “believe”, “intend” or other similar expressions concerning subjects which are not historical facts. Actual results may differ from this forward-looking information. To evolve does not undertake any obligation to publicly update or otherwise revise any forward-looking statement, whether as a result of new information, future events or other factors that affect such information, except as required by law.
About Evolve Group of Funds Inc.
With about $2 billion of assets under management, Evolve is one of from Canada fastest growing ETF providers since launching its first ETF in September 2017. Evolve is a leader in thematic ETFs and specializes in offering disruptive innovation ETFs to Canadian investors. Evolve’s suite of ETFs offers investors access to: (i) long-term investment themes; (ii) indexed income strategies; and (iii) some of the world’s leading investment managers. Founded by a team of proven industry veterans, Evolve creates investment products that make a difference. For more information, visit www.evolveetfs.com.
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SOURCE Evolve ETFs
For more information: Evolve ETFs, [email protected], t. 416.214.4884, see 1.844.370.4884; MEDIA CONTACT: Keith Crone, [email protected]416.966.8716