Evolve  Funds Group announced March 1 that it has filed a preliminary prospectus with the Canadian securities regulators for the Evolve Clean Energy Fund (WATT).   

WATT is offering the following units:  

"When we launched the first automotive innovation ETF (TSX: CARS) over three years ago we believed there was a growing shift towards electric vehicles driven by demand for a cleaner environment," says Raj Lala, President and CEO, at Evolve. "We are now pleased to be expanding on this via our dedicated clean energy fund." The fundis designed to provide investors with exposure to companies with business operations in the field of clean energy. 

WATT seeks to replicate, to the extent reasonably possible and before fees and expenses, the performance of the Solactive Low Emission Technology Index, while mitigating downside risk, says the company.