TORONTO, January 26, 2022 /CNW/ – Evolve Group of Funds Inc. (“Evolving ETFs“) is pleased to announce that three of its investment funds (“Evolve Fund” Where “Funds“) received the Fundata FundGradeA+® awards (“Fundata Prize“) for 2021. These awards recognize funds that excel in delivering consistently strong, risk-adjusted relative performance.
The FundGrade A+ award is given annually to investment funds and managers who have demonstrated consistent, outstanding, risk-adjusted performance, incorporating up to 10 years of history. The FundGrade A+ award provides investors, advisors and fund managers with a single, reliable, easy-to-understand and fully quantitative fund performance rating.
“Thank you to Fundata for these very prestigious awards,” said Raj Lala, President and CEO of Evolve ETFs. “These are our first awards from Fundata and cap off a landmark year for our company. 2021 marked our fourth anniversary after crossing $2.2 billion in AUM with a suite of 21 ETFs. We would like to thank our investors, advisors, partners and ETF desks for making 2021 a successful year for Evolve.”
EDGE was recognized for outstanding fund performance at the 2021 Fundata FundGrade A+ Awards in the Global Equity category of 1,127 funds. An index strategy, EDGE seeks to replicate, to the extent possible and before fees and expenses, the performance of the Solactive Global Innovation Index. It offers investors exposure to equity securities of nationally or internationally listed companies that are involved in innovative and disruptive trends across a wide range of industries.
“The Evolve Innovation Index Fund has become one of our flagship funds by providing investors with diversified exposure to eight investment themes that will shape our world over the next 10 to 20 years,” says Raj Lala. “Furthermore, Evolve is very proud of its partnership with Addenda Capital, sub-advisor to our Actively Managed Canadian Fixed Income Fund – FIXD. The FundGradeA+ award is testament to Addenda’s portfolio management capabilities in this challenging fixed income market.
Fixed income allocation remains a central part of many investors’ portfolios as a source of income and portfolio diversification. FIXED was recognized for outstanding fund performance at the 2021 Fundata FundGrade A+ Awards in the Canadian Fixed Income category of 309 funds. In recent years, investors may have overlooked the potential benefits of actively managing fixed income securities. Actively managed by Addenda Capital (“Addendum“), FIXED invests primarily in high quality domestic and international fixed income securities. Addendum assumed sub-advisory responsibilities for FIXED to April 1, 2020.
“We’re thrilled to have played a part in the success of Evolve,” says Roger Beauchemin, President and CEO of Addenda Capital. “To our knowledge, FIXD was the only ETF in the Fundata Awards Canadian Fixed Income category that was able to deliver positive returns for 2021, underscoring the hard work of our dedicated investment professionals. In a complex environment characterized by rising rates, this ETF has proven to be nimble and is proof that bond solutions endure as an essential pillar of long-term investment strategies.”
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, please visit www.evolveetfs.com.
About Addenda Capital
Addenda Capital is a Canadian multi-asset investment management firm with over $40 billion of total assets under administration. Co-owned by The Co-operators Group Limited and employees, Addenda handles pensions, private wealth, insurance, corporate assets and foundations. By integrating environmental, social and governance factors into its investment processes, the company seeks to provide improved returns on investment and plays an active role in the transition to a carbon neutral economy. To learn more: http://www.addendacapital.com/
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.
The FundGrade A+® rating is used with permission from Fundata Canada Inc., all rights reserved. Fundata is a leading provider of market and investment fund data for the Canadian financial services industry and business media. The Fund-Grade A+® rating identifies funds that have consistently demonstrated the best risk-adjusted returns throughout an entire calendar year. For more information on the grading system, please visit www.Fundata.com/ProductsServices/FundGrade.aspx.
FundGrade A+® is used with permission from Fundata Canada Inc., all rights reserved. The annual FundGrade A+® awards are presented by Fundata Canada Inc. to recognize “the creme de la creme” among Canadian investment funds. The FundGrade A+® calculation is in addition to the monthly FundGrade ratings and is calculated at the end of each calendar year. The FundGrade rating system evaluates funds based on their risk-adjusted performance, measured by the Sharpe ratio, Sortino ratio and information ratio. The score for each ratio is calculated individually, covering all periods from 2 to 10 years. The scores are then weighted equally in the calculation of a monthly FundGrade. The top 10% funds get an A rating; the next 20% of funds get a B rating; the next 40% of funds get a C rating; the next 20% of funds receive a D rating; and the lowest 10% of funds receive an E rating. To be eligible, a fund must have received a FundGrade rating each month of the previous year. The FundGrade A+® uses a GPA-style calculation, where each monthly FundGrade from “A” to “E” receives a score of 4 to 0, respectively. A fund’s average score for the year determines its GPA. Any fund with a GPA of 3.5 or higher receives a FundGrade A+® award. For more information, see www.FundGradeAwards.com. Although Fundata strives to ensure the accuracy and reliability of the data contained herein, accuracy is not guaranteed by Fundata.
Evolve Innovation Index Fund – Hedged ETF Units was recognized for Outstanding Performance at the Fundata FundGrade A+ Awards 2021 in the Global Equity category out of 1,127 funds. Fund performance for the period ending December 31, 2021 is as follows: 12.16% (1 year), 32.20% (3 years) and 21.05% (since inception on April 30, 2018).
Evolve Innovation Index Fund – Class A Mutual Fund was recognized for its outstanding performance at the Fundata FundGrade A+ Awards 2021 in the Global Equity category out of 1,127 funds. Performance of the Fund for the period ending December 31, 2021 is as follows: 10.70% (1 year) and 32.44% (since inception on June 4, 2019).
Evolve Innovation Index Fund – Class F Mutual Fund was recognized for outstanding fund performance at the 2021 Fundata FundGrade A+ Awards in the Global Equity category out of 1,127 funds. Fund performance for the period ending December 31, 2021 is as follows: 12.09% (1 year) and 32.93% (since inception on June 4, 2019).
Evolve Active Core Fixed Income Fund – Unhedged ETF Units was recognized for Outstanding Performance at the 2021 Fundata FundGrade A+ Awards in the Canadian Fixed Income category among 309 funds. Fund performance for the period ending December 31, 2021 is as follows: 0.98% (1 year), 5.21% (3 years) and 3.93% (since inception on March 28, 2019).
Rates of return shown are historical annual compound total returns net of fees (except for figures one year or less, which are simple total returns), including changes in unit value and reinvestment of all dividends or distributions and does not take into account any purchase, redemption, offering or optional charges or income taxes payable by any securityholder which would have the effect of reducing returns. The rates of return shown in the table are not intended to reflect future ETF and mutual fund values or investment returns in the ETF and mutual fund. ETFs and mutual funds are not guaranteed, their values change frequently and past performance may not be repeated.
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 matters which are not historical facts. Actual results may differ from this forward-looking information. Evolve undertakes no 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. .
SOURCE Evolve ETFs
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