Bringing you live news and features since 2006 

Evolve FANGMA Index ETF begins trading today on TSX

RELATED TOPICS​

Evolve Funds Group Inc (Evolve) has launched the Evolve FANGMA Index ETF (TECH).

TECH has closed its initial offering of units and will begin trading on the Toronto Stock Exchange (TSX) today under the ticker symbols: TECH (CAD Hedged Units), TECH.B (CAD Unhedged Units) and TECH.U (USD Unhedged Units). TECH seeks to replicate, to the extent reasonably possible and before fees and expenses, the performance of the Solactive FANGMA Equal Weight Index Canadian Dollar Hedged (FANGMA Index), or any successor thereto.  

ECH provides investors with exposure to the equity securities of six technology titans: FANGMA Index, Alphabet Inc, Amazon Inc, Apple Inc, Facebook Inc, Netflix Inc, Microsoft Corp. 

“The FANGMA Index ETF is first of its kind, providing investors with simplified access to the world’s six tech giants in one ETF,” says Raj Lala, President and CEO, at Evolve. “One of the numerous operational advantages of using this Fund is the fact that investors can get exposure to these six companies for a USD10 starting share price. This compares with investing over USD7,000 at current market prices to purchase one share of each of these companies. This ETF provides investors with a mechanism to control their overall portfolio exposure to the largest technology companies in the world.” 

The FANGMA Index is equally weighted, rebalanced quarterly and published in US dollars.  
 

Latest News

Saving and investing app, Moneybox, has doubled the number of ETFs available on the platform, in the light of ‘growing..
Global X ETFs has announced the appointment of Ryan O'Connor as its Chief Executive Officer effective as of April 8, 2024. ..
Value-driven structured credit investing firm, Angel Oak Capital Advisors, LLC, has announced the completed conversions of two of its mutual..
Confidence in the continuing strength of bitcoin and Ethereum is driving wider interest in altcoins and other digital assets, according..

Related Articles

Sal Esposito, Zacks Investment Management
Zacks Investment Management started doing investment research in 1978 and in 1992 started its investment management arm, initially with SMAs...
Jeremy Senderowicz, Vedder Price
Jeremy Senderowicz, a member of the Investment Services Group at law firm Vedder Price, has witnessed a steady upswing in...
Graham MacKenzie, Toronto Stock Exchange
The evolution of ETFs has been a multi-decade experience for Toronto Stock Exchange says Graham MacKenzie, managing director, Exchange Traded...
Frank Koudelka, State Street Global Services
ETF data provider and ETF Express data partner, Trackinsight, has published its Global ETF Survey 2024 Report: ‘50+ Charts on...
Subscribe to the ETF Express newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by