Upstart fund to launch 'future car' ETF in Canada

TORONTO (Reuters) – A Canadian investment fund will launch the world’s first “future car” exchange-traded fund on Friday, giving investors one-stop access to companies involved in electric, autonomous and connected car supply chains, senior fund executives said.

The Evolve Funds Automobile Innovation Index ETF includes Tesla Inc and other automakers spending heavily on self-driving ambitions as well as battery makers, semiconductor companies and other players to help investors trade on the major changes affecting the automotive industry.

“Five years ago we didn’t have the blind-spot checker, the lane assist, and now you’ve got parking assist; technology has been getting integrated into vehicles to make them safer, it’s just going to intensify,” Evolve Funds Group Inc CEO Raj Lala said in a phone interview.

The 32 equally-weighted stocks that make up the fund’s initial cohort also includes suppliers such as Delphi Automotive Plc and Visteon Corp, semiconductor companies Cirrus Logic Inc, Infineon Technologies AG and Nvidia Corp, hydrogen fuel cell company Plug Power Inc and industrial battery maker EnerSys.

“We’re not trying to pick the one or two winners,” said Elliot Johnson, Evolve’s chief operating officer. “We wanted to make sure we’re making a bet that’s broad, but also specific to the activities that are going on.”

Many of the stocks included have jumped sharply over the last year as the portion of cars with internet connectivity jumps, China and others plan to ban cars than only run on gasoline or diesel, and ridesharing increases in popularity.

“That suggested to us that there’s a lot of investor appetite out there searching for ways to express their belief in the theme,” Johnson said.

Evolve Funds worked with German index provider Solactive AG to create the passively traded model, which will have hedged and unhedged versions priced in Canadian dollars. A U.S.-dollar denominated version will follow within several weeks.

The fund choose the five automakers with the highest research and development to sales ratio, which include Ford Motor Co, General Motors Co, Tesla Inc and Volkswagen AG (VOWG_p.DE).

The ETF is the third instrument Evolve has launched, days after launching cybersecurity and gender diversity products. The fund is also seeking Canadian regulatory approval for one to track bitcoin.

Reporting by Alastair Sharp; Editing by David Gregorio

Our Standards:The Thomson Reuters Trust Principles.


Google is hosting an event on October 4 and will almost certainly launch new hardware

We’ve been hearing rumors about an upcoming Google event for some time now, and the company has finally confirmed that it’s hosting one on October 4 in San Francisco. The company sent out invites to the event and also tweeted from its @googlenexus account about it, embedding a teaser clip from YouTube; there’s also a new Google page with the aforementioned date (adjusted for your time zone) and what looks like an outline of a smartphone. All signs point to new hardware, but the company isn’t explicitly saying so just yet. October is coming. #madebygoogle — Google (@google)…

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You won’t be able to purchase an iPhone 7 Plus on launch day

If you’re planning to visit your local Apple Store on Friday to purchase a shiny new iPhone 7 Plus, you may want to think again. The Cupertino company has revealed today that it has completely sold out of its initial stock of the handset. Apple will, however, have a limited quantity of the iPhone 7 in all colors except Jet Black available for customers to pick up in its retail stores. As you’d expect, they’ll be sold on a first come, first served basis — so you’ll need to get there as early as possible to give yourself the best chance…

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Launch of Hosting.Express: The “one-stop-shop” for hosting, domain…

The launch of Hosting.Express marks a new Site Specialising in hosting, domain names, professional email accounts and websites; Hosting.Express offers an impressive selection of self-service solutions…

(PRWeb March 30, 2016)

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In pictures: Apple faithful already forming lines in front of Friday’s iPhone 6s launch

Marcus Barsum waits outside the Apple store in central Sydney Thursday. Reuters/David Gray

Yes, it’s that time again, when the Apple faithful/crazy line up way early to buy the next version of the iPhone, this time the iPhone 6s and 6s Plus.

This year, people are standing out in the elements — and sleeping there overnight — to buy a phone that looks identical to the one they already have, but with, um, an updated camera and a new kind of screen press.

Here are the lines, in cities around the world.

New York

Screen Shot 2015-09-24 at 10.53.45 AM

Above: Waiting in line in NYC (Eli Blumenthal ‏@eliblumenthal)

Apple fans line up at the "Church of Apple" in New York to buy an iPhone 6s Friday.

Above: Apple fans line up at the “Church of Apple” in New York to buy an iPhone 6s.

Image Credit: Eli Blumenthal ‏@eliblumenthal

San Francisco

Screen Shot 2015-09-24 at 11.58.58 AM

Above: (Justin E. Harris @envisionwithj)

Periscoper Justin Harris reported that around 16 people were already camped out at the downtown San Francisco Apple Store Thursday night. Check it out here.


(Image: MacRumors)

Above: (Image: MacRumors)

Hamburg, Germany

"Oh man wie arm ist das denn. Wegen einem Telefon?" Daniel Knott ‏@dnlkntt )

Above: “Oh man wie arm ist das denn. Wegen einem Telefon?” (Daniel Knott ‏@dnlkntt )

Sydney, Australia

Marcus Barsum waits outside the Apple store in central Sydney Thursday. Reuters/David Gray

Above: Marcus Barsum waits outside the Apple store in central Sydney Thursday. (Reuters/David Gray)

This buyer, a media exec in Australia, sent a robot proxy to wait in the line. (photo: Mashable)

Above: This buyer, a media exec in Australia, sent a robot proxy to wait in the line. (photo: Mashable)

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24 hours of the new iPhone 6S launch: Follow live



Andrew Burton/Getty Images

For Apple fans, nothing is bigger than iPhone launch day.

Every year, lining up at stores for the new iPhone is a major event for the Apple faithful. And this year’s release of the iPhone 6S and iPhone 6S Plus is no exception.

But the mold has changed. While people still line up, an iPhone launch in 2015 looks a lot different than it did in 2007. Mashable will be reporting ’round the clock from Sydney, Singapore, London, New York City, San Francisco and Los Angeles to capture the glorious anticipation. Read more…

Sydney > Singapore > London > New York >
San Francisco > LA

More about Iphone, Apple, Apple Store, Marketing, and Tech

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