Evolve adds 5G category to index fundBy The IJ Staff | July 24 2019 09:30AM
Evolve Funds Group announced July 23 the inclusion of a 5G technology category in the Evolve Innovation Index Fund (EDGE) to enable investors to participate in the next wave of mobile connectivity.
The fifth generation of cellular networking, 5G is designed to replace the current 4G mobile network with extremely fast connectivity. Evolve says this increased network efficiency will pave the way for innovation across numerous sectors.
"5G technology will deliver much faster connection speeds with less latency and greater reliability," said Raj Lala, Evolve President and CEO. "This will help fuel a huge rise in Internet of Things technology allowing for a smarter and more connected world. This will be critical in many aspects of our future lives including self-driving cars and robotics."
Evolve’s EDGE will include some of the ten global companies spearheading the development of 5G technology.
EDGE seeks to replicate the performance of the Solactive Global Innovation Index. EDGE directly or indirectly invests in equity securities of companies located domestically or internationally that are involved in innovative or disruptive trends across a broad range of industries.