09:47:54 EDT Sat 18 May 2024
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Evolve Artificial Intelligence begins trading on TSX

2024-03-25 12:27 ET - News Release

Mr. Keith Crone reports

EVOLVE ARTIFICIAL INTELLIGENCE FUND BEGINS TRADING TODAY ON TSX

Evolve Funds Group Inc. has launched Canada's first artificial intelligence (AI) fund using generative AI to enhance portfolio construction. The Evolve Artificial Intelligence Fund (ARTI) has closed its initial offering of units and will begin trading on the Toronto Stock Exchange today under the ticker symbol ARTI.

ARTI is designed to provide investors with exposure to AI companies expected to benefit from the increased global adoption of AI. The fund is actively managed by Evolve and seeks to achieve its investment strategy by principally utilizing a database generated by Gradient Boosted Investments Inc. (Boosted.ai).

Boosted.ai's proprietary large language model technology determines a company's applicability to the theme of AI based on its likelihood to benefit from increased global adoption of AI. The proprietary LLM technology considers securities of issuers from developed markets that are directly involved in the development of AI, including related technologies and services and those whose business models or operational efficiencies may be significantly enhanced by AI integration.

The attached chart sets out the TSX ticker symbol for the units of the fund.

We seek Safe Harbor.

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