President and CEO
As president and CEO of Evolve ETFs, Raj Lala saw his firm’s disruptor-oriented strategy triumph in March. Of more than 500 equity ETFs on the TSX, only five stayed positive as COVID-19 barrelled into the Canadian economy; three of those five funds came from Evolve. In the unique circumstances of a pandemic-driven market crash, Evolve’s healthcare, cybersecurity and video game thematic ETFs were ideally placed to grow. In fact, the Evolve Global Healthcare Enhanced Yield Fund was the highest-performing equity ETF on the TSX in March.
“When we were starting to put these products together, we didn't contemplate this environment,” Lala told WP. “I don't think anybody would have contemplated this environment. However, when we do put products together, we talk about how this sector will perform in a challenged market and, more importantly, in a challenged economy.”