Evolve Automobile Innovation Index ETF (TSX: CARS.U) Launches Unhedged U.S. Dollar Class

CARS.U is an index (or passively managed) ETF, that seeks to replicate, to the extent reasonably possible and before fees and expenses, the performance of the Solactive Future Cars Index Canadian Dollar Hedged. CARS invest primarily in equity securities of companies that are directly or indirectly involved in developing electric drivetrains, autonomous driving or network connected services for automobiles.