Evolve Files Preliminary Prospectus for Technology-Focused ETF Linked to Nasdaq-100 Index

Evolve Funds Group Inc. has submitted a preliminary prospectus to Canadian securities regulators for the launch of a technology-focused ETF based on the Nasdaq-100 Index. The ETF, known as the Evolve NASDAQ Technology Index Fund (QQQT), aims to offer investors exposure to companies classified as “technology” within the Nasdaq-100 Index.
With 38 technology companies currently included in the Nasdaq-100 Index, the QQQT ETF will provide investors with exclusive access to the technology sector of the index. The fund seeks to replicate, to the best extent possible before fees and expenses, the performance of the Nasdaq-100 Technology Sector Adjusted Market-Cap Weighted Index or any successor index. The Index is specifically designed to measure the performance of technology companies listed within the Nasdaq-100 Index, which represents the largest non-financial companies on Nasdaq. Constituent securities in the Index must be classified as “technology companies” according to the Industry Classification Benchmark (ICB), with no issuer weight exceeding 10% of the Index.
Heavily Traded ETFs
SPDR S&P 500 - SPY
Invesco QQQ
Vanguard S&P 500 - VOO
Vanguard Total Market - VTI
Energy Select Sector - XLE

BlackRock Introduces TIPS ETF Suite to iShares iBonds Lineup

BlackRock, a global investment management corporation, has expanded its iShares iBonds ETF offerings with the introduction of the...

Grayscale Takes a Bold Step with Ethereum Futures ETF Filing

Grayscale Investments, a leading crypto asset management firm, has submitted a filing for a new ETF focused on...

SEC Under Scrutiny Over U.S. Spot Bitcoin ETFs Decision

The U.S. Securities and Exchange Commission (SEC) faces criticism from a U.S. appeals court over its decision-making process...

Grayscale Continues Efforts To Launch Ethereum ETF

Grayscale Investments, a subsidiary of the Digital Currency Group (DCG), is making significant strides by applying for an...