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TORONTO, Dec. 11, 2023 /PRNewswire/ — Evolve Funds Group Inc. (“Evolve”) is pleased to announce that it has filed an initial prospectus with the Canadian securities regulatory government for its proposal to create Canada’s first synthetic intelligence index fund using generative technologies. Artificial Intelligence (“AI”) for the Index Portfolio. The Evolve Artificial Intelligence Index Fund (“ARTI” or the “Fund”) is operated through Gradient Boosted Investments Inc. (“Boosted. ai”) and is designed to offer investors exposure to artificial intelligence companies that are seen as benefiting from increased global adoption.
“As a leader in disruptive generation ETFs, Evolve has been exploring a natural AI ETF for several years,” said Raj Lala, president and CEO of Evolve ETF. “It wasn’t until we partnered with Boosted. ai that we discovered an index that we felt could, as it should, identify a portfolio of giant AI corporations. Boosted. ai’s proprietary style uses generative AI to identify the most productive AI corporations that will fundamentally replace our world. ARTI will be a perfect complement to our existing line of cutting-edge disruptive-generation ETFs and will give Canadian investors true natural exposure to this exciting topic.
ARTI seeks to replicate, to the most extent imaginable and before fees and expenses, the functionality of the Artificial Intelligence Index Boosted. ai (the “Index”), or any successor thereto.
The index seeks to provide investors with exposure to global stocks that will gain advantages from increased AI adoption. The index is comprised of publicly traded equity securities from issuers in North America and other evolved markets chosen through Boosted. ai’s proprietary extended language style that determines an issuer’s applicability to the topic of generative AI is based on its likelihood of reaping advantages from increased global adoption of AI.
“Working with Evolve to deliver this cutting-edge ETF powered by generative AI has been exciting, as together we take the capabilities of large language models (LLMs) to new heights,” said Joshua Pantony, co-founder and CEO of Boosted. ai. . « Evolve is at the forefront of Canadian innovation with a budget focused on cybersecurity, cloud computing, and even the metaverse, and Boosted. ai is excited to partner with them to help bring ARTI to Canadian consumers who need to reap the benefit of transformation. The effect of AI we will have on the mundo. Boosted. ai shares the cutting-edge ethos of Evolve and we are proud to have used our generation of LLMs and algorithms to create an index of stocks that will derive merit from advances in AI, also fully powered through generative AI. “
The following table shows the ticker symbols on the TSX for the Fund’s sets:
Ticker symbol TSX
Units covered in CAD
Unhedged Shares in CAD
Unhedged USD Stocks
Evolve Artificial Intelligence Index Fund
ARTI
ARTICLE. B
ARTICLE. You.
About Evolve Funds Group Inc.
With more than $7. 7 billion in assets under management, Evolve has been one of the fastest-growing ETF providers in Canada since launching its first ETF in September 2017. Evolve specializes in offering cutting-edge ETFs to Canadian investors. Evolve’s suite of ETFs offers investors to: (i) index-based revenue stream strategies; (ii) long-term investment issues; and (iii) some of the world’s leading investment managers. Created through a team of industry veterans with a proven track record, Evolve creates investment products that make a difference. For more information, visit www. evolveetfs. com.
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About Gradient Boosted Investments Inc.
Boosted. ai is artificial intelligence for greater inversión. Boosted. ai creates Boosted Insights, an artificial intelligence platform to develop idea generation for stock pickers. We believe that combining the instinct and experience of an investment manager with the enhanced learning and processing power of synthetic intelligence leads to greater decision-making. For more information, visit www. boosted. ai.
A preliminary prospectus containing important information relating to securities of the ETF has been filed with the securities commissions or similar authorities in all provinces and territories of Canada. The preliminary prospectus is still subject to completion or amendment. A copy of the preliminary prospectus is available on SEDAR (www.sedar.com). There will not be any sale or acceptance of an offer to buy the securities until a receipt for the final prospectus has been issued.
Certain statements in this press release constitute forward-looking information within the meaning of Canadian securities laws. Forward-looking data would likely relate to long-term customers and expected distributions, occasions or effects and possibly include statements relating to long-term financial performance. . In some cases, forward-looking data would possibly be known through words such as “possibly,” “will,” “should,” “expect,” “anticipate,” “believe,” “intend,” or other similar expressions related to topics that are not past facts. The actual effects would possibly differ from such prospective data. Evolve assumes no legal responsibility to publicly update or otherwise revise any forward-looking statements, whether as a result of new data, over the long term. occasions or other points similar to such data, unless required by law.
SOURCE Evolve ETF
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