Mr. Keith Crone reports
EVOLVE LAUNCHES USD ACCUMULATING UNIT CLASS FOR THE US HIGH INTEREST SAVINGS ACCOUNT FUND
Evolve Funds Group Inc. has added a new class of United States-dollar unhedged accumulating ETF (exchange-traded fund) units to the U.S. High Interest Savings Account Fund. HISU has closed its initial offering of U.S.-dollar unhedged accumulating ETF units and will begin trading on the Toronto Stock Exchange (TSX) today under the ticker symbol: HISU.V.
HISU seeks to maximize monthly income while preserving capital and liquidity by investing primarily in high-interest U.S.-dollar deposit accounts, and is designed for investors seeking exposure to U.S. high-interest deposit accounts in a liquid, short-term investment. The U.S.-dollar unhedged accumulating ETF units provide the same underlying exposure as the existing U.S.-dollar unhedged ETF units. Distributions, if any, on the U.S.-dollar unhedged accumulating ETF units will be paid annually and automatically reinvested in additional units of the same class, with unit holdings consolidated accordingly, rather than paid out in cash.
The attached chart sets out the Toronto Stock Exchange ticker symbols for the units of HISU.
About Evolve Funds Group Inc.
With over $10-billion in assets under management, Evolve specializes in bringing innovative ETFs to Canadian investors. Evolve's suite of ETFs provide investors with access to: (i) index-based income strategies; (ii) long-term investment themes; and (iii) some of the world's leading investment managers. Established by a team of industry veterans with a demonstrated ability to succeed, Evolve creates investment products that make a difference.
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