Evolve Fund Group is ready to start 2023 with a new announcement for the launch of their next two ETFs, the Evolve S&P/TSX 60 Enhanced Yield Fund (ETSX) and the Evolve S&P 500 Enhanced Yield Fund (ESPX). Both funds are available for trade January 10, 2023 on the Toronto Stock Exchange and as the names suggests, ETSX and ESPX will track the performance of the S&P/TSX 60 and S&P 500 indexes as well as enhanced yield through the use of active covered call strategies. A quote from the President and CEO of Evolve states, “Last year covered call strategies saw significant inflows into the Canadian marketplace… We expect that covered call funds will continue to attract attention this year as investors look for enhanced income, tax efficient yield, and strategies that can help cushion some downside risk within their portfolios.”
ETF Newz Says:
Evolve has been an industry leader in thematic ETFs since their first launch in 2017.