Evolve to close three ETFs

By The IJ Staff | January 28 2019 09:30AM

Photo: Freepik

Evolve Funds Group announced on Jan. 25 that it will terminate three exchange traded funds: Sphere FTSE Europe Sustainable Yield Index ETF (TSX: SHE), Sphere FTSE Canada Sustainable Yield Index ETF (TSX: SHC) and Evolve Blockchain ETF (TSX: LINK).

The ETF fund units will be de-listed from the TSX on or about March 26, 2019. All units still held by investors will be subject to a mandatory redemption as of the termination date (on or about March 28). Effective February 26, no further subscriptions for units of the ETFs will be accepted.

Further details of termination have been mailed to unitholders of the applicable ETFs, says the company.

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