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Adjusted risk ratings for Evolve ETFs

Auto and U.S. bank ETFs are rated higher, while cyber and gender funds were deemed lower risk

IE Staff

Evolve Funds Group has changed the risk ratings for certain ETFs.

The firm announced the following changes on Friday:

  • The Evolve Cyber Security Index Fund decreased to medium from medium to high.
  • The Evolve North American Gender Diversity Index Fund now has a low to medium rating, reduced from medium.
  • The Evolve Automobile Innovation Index Fund’s rating increased to high from medium to high.
  • The Evolve US Banks Enhanced Yield Fund also has a high risk rating now, increased from medium to high.

The investment objectives for the ETFs remain the same, the firm said.