Evergreen funds are gaining in popularity. Here’s why
Evergreen funds represented at least US$350 billion in global net asset value at the end of 2023, according to a report by Preqin Ltd., an alternative assets data provider, released this year. And, over the past five years, the number of evergreen funds has almost doubled to more than 500.
“That’s tremendous growth,” said Tom Gilman, senior wealth advisor and senior portfolio manager with Harbourfront Wealth Management in Vancouver. “And that proliferation of evergreen funds is intended to attract capital, specifically from the wealth management channel and those advisors with high-net-worth clients.”
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