UTE
UTE
Evolve Canadian Utilities Enhanced Yield Index Fund(Dist)
Evolve · TSX
Distr.
Evolve
TSXEquitiesDistributing
$9.43
$-0.09-0.97%AUM: $407.3M
Price history
TER
0.60%
1Y Return
+3.74%
AUM
$407.3M
About this ETF
The investment objective of the Evolve Fund is to replicate, to the extent reasonably possible before fees and expenses, up to a 1.25 times multiple of the performance of the Solactive Canada Utility Index, or any successor thereto, while mitigating downside risk. The Evolve Fund invests primarily i...
Quick stats
AUM$407.3M
TER0.60%
1Y Return+3.74%
Holdings0
52-Week High$9.94
52-Week Low$8.82
Fund profile
Frequently Asked Questions
The current price of UTES.TO is CA$9.43 CAD — it has decreased by -0.97% in the past 24 hours.
The monthly change is a +0.21% rise. Over the last year, UTES.TO has showed a +3.74% increase.
UTES.TO assets under management is $407M CAD. AUM is an important metric as it reflects the fund's size and can serve as a gauge of how successful the fund is in attracting investors, which, in its turn, can influence decision-making.
UTES.TO expense ratio is 0.60%. It's an important metric for helping understand the fund's operating costs relative to assets and how expensive it would be to hold the fund.
UTES.TO shares are issued by Evolve.
Yes, UTES.TO pays a dividend yield of 19.02%.
Investors in Latin America can buy foreign ETFs through international and regional brokerage and investment platforms. You simply need a valid government ID or passport to get started.
Yes. Through fractional investing, you can invest exactly the amount you want, starting with as little as $1 or $5 USD (depending on what investment platform you use), and own a proportional piece of the fund.
Many investors in Latin America buy international ETFs like UTES.TO to protect their purchasing power. Because UTES.TO is priced in foreign currency, your investment is tied to a hard currency. If your local currency devalues against the foreign currency, usually USD or Euro, the underlying value of your portfolio remains protected from local inflation.
No. A common misconception is that you need a foreign bank account or a foreign visa to invest in international stocks. Today, modern investment platforms allow you to fund your account using local bank transfers or local payment methods right from your home country.