EvolveNew Age Alpha to Convert NAA Allocation Fund Into ETF
New Age Alpha plans to convert the NAA Allocation Fund from a mutual fund into the newly created NAA Allocation ETF, with the reorganization expected to close around December 4, 2026.
Evolve Funds Group has launched HISA.L, a new Unhedged Accumulating ETF Unit class of its High Interest Savings Account Fund, trading on Cboe Canada from August 18. HISA.L offers the same exposure as the existing HISA units, investing primarily in high-interest deposit accounts to generate income while preserving capital and liquidity. Unlike HISA, which pays cash distributions, HISA.L will generally make annual distributions that are automatically reinvested into additional units, providing investors with a convenient accumulation option.
At a glance
- Beat
- Fund Updates
- Issuer
- Evolve
- Region
- Canada
- Filed
- 18 August 2026
Source: Press Release
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