Evolve Canadian Banks and Lifecos Enhanced Yield Index Fund (TSX:BANK)

Evolve Canadian Banks and Lifecos Enhanced Yield Index Fund is an exchange traded fund launched and managed by Evolve Funds Group Inc. The fund invests in public equity markets of Canada. The fund invests directly and through derivatives in stocks of companies operating across financials, banks and insurance sectors. The fund uses derivatives such as options to create its portfolio. It invests in growth and value stocks of companies across diversified market capitalization. The fund seeks to track 1.25x the performance of the Solactive Canadian Core Financials Equal Weight Index. Evolve Canadian Banks and Lifecos Enhanced Yield Index Fund was formed on February 1, 2022 and is domiciled in Canada.