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Canada’s First Cyber Security ETF returns over 40 per cent in first year

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The Evolve Cyber Security Index ETF (CYBR) generated a return of 41.02 per cent in the first year since its launch.

Evolve is one of Canada’s fastest-growing ETF providers since launching its first suite of ETFs via the Toronto Stock Exchange (TSX) on 20 September 2017. Evolve provides differentiated investment solutions, including partnerships with leading global asset managers, as well as strategies which encompass themes that intersect in Canadians’ daily lives.
 
“We are very proud of reaching USD300 million in assets in our first year of operation,” says Raj Lala, President & CEO of Evolve ETFs.  “Most importantly we have launched innovative ETFs that have added value to investor portfolios. Perhaps one of the best illustrations of this is Canada’s first cyber security ETF (TSX: CYBR and TSX: CYBR.B).” 
 
CYBR is the first ETF in Canada that invests primarily in equity securities of global companies that are involved in the cyber security industry through hardware and software development. Investment in the cyber security space is growing at an unprecedented rate as more people connect to devices.
 
“CYBR.B has generated very strong performance with a one-year return of over 40 per cent,” says Lala. “Cybercrime continues to be one of the biggest threats to companies and governments. Many of the companies in this ETF provide the cyber security services for these entities. As the amount of connectivity in the world increases there is an expected increase in demand for cyber security.”
 
CYBR is an index (or passively managed) ETF that seeks to replicate, to the extent reasonably possible and before fees and expenses, the performance of the Solactive Global Cyber Security Index Canadian Dollar Hedged, or any successor thereto.

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