Evolve Plans to Launch Artificial Intelligence Fund with Boosted.ai on March 25, 2024
Evolve Funds Group Inc. (“Evolve”) is pleased to announce that it has filed a final prospectus and plans to bring Canada’s first Artificial Intelligence Fund using generative Artificial Intelligence (“AI”) to enhance portfolio construction. The Evolve Artificial Intelligence Fund (“ARTI” or the “Fund”) is a fund actively-managed by Evolve that seeks to achieve its investment strategy by principally utilizing a database generated by Gradient Boosted Investments Inc. (“Boosted.ai”).
A New Era in AI Investing
ARTI is designed to provide investors with exposure to AI companies expected to benefit from the increased global adoption of AI. This innovative fund is a testament to Evolve’s commitment to providing investors with access to cutting-edge investment opportunities.
“As a leader in disruptive technology ETFs, Evolve has been exploring a pure play AI ETF for the last several years,” said Raj Lala, President and CEO at Evolve ETFs. “It wasn’t until partnering with Boosted.ai and leveraging their proprietary LLM technology, we felt we could build a portfolio of leading AI companies. Boosted.ai’s proprietary model uses generative AI to seek to identify the best AI companies fundamentally changing our world. ARTI will be a great complement to our current suite of innovative disruptive technology ETFs and provide Canadian investors true pure play exposure to this exciting theme.”
The Power of Generative AI
Boosted.ai’s proprietary large language model technology (“Proprietary LLM 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.
AI technology is transforming the world
A Partnership for Innovation
“Working with Evolve to bring this innovative ETF powered by generative AI has been a thrill, as we are pushing the capabilities of large language models (LLM) to new heights together,” said Joshua Pantony, Co-Founder and CEO at Boosted.ai. “Evolve is at the forefront of Canadian innovation with funds focused on cyber security, cloud computing and even the Metaverse, and Boosted.ai is excited to partner with them to help bring ARTI to Canadian customers that want to take advantage of the transformative effect AI will have on the world.”
Evolve and Boosted.ai partnership
About Evolve Funds Group Inc.
With over $7.2 billion in assets under management, Evolve is one of Canada’s fastest growing ETF providers since launching its first ETF in September 2017. 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 proven track record of success, Evolve creates investment products that make a difference.
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About Gradient Boosted Investments Inc.
Boosted.ai is artificial intelligence for better investing. Boosted.ai makes Boosted Insights – an artificial intelligence platform to augment idea generation for stock pickers. We believe that combining an investment manager’s intuition and experience with artificial intelligence’s enhanced learning and processing power equals better decision making.
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