With five active thematic offerings, the firm has become the 15th fund manufacturer to list on the NEO exchange
Emerge Canada has officially announced its arrival on the Canadian ETF scene with the launch of Canadian-dollar and U.S.-dollar denominated units of five actively managed ETFs on the Neo Exchange.
“We are proud to make our Canadian debut and introduce investors to products focused on cutting-edge technology, backed by accomplished, world-class advisors,” said Lisa Langley, President, CEO and Founder, Emerge.
The ETFs, to be sub-advised by Emerge Capital Management and ARK Investment Management (ARK Invest), include:
Each of the Emerge ETFs follow principal investment strategies similar to those offered by ARK Investment in the U.S. The ARK ETFs, created by ARK Invest CEO and CIO Catherine Wood, are grounded in deep subject matter expertise that identifies innovative companies and convergence of trends across markets.
“I founded ARK Invest five years ago to focus on disruptive innovation, primarily in the public equity markets, with the belief that innovation is key to long-term growth but is severely undervalued in the public markets,” Wood said.
Each of the Emerge ETFs comes with a management fee of 0.8%. Aside from exposure to innovation and growth potential, they promise to be useful tools for diversification as their underlying active selection processes result in little overlap with traditional indices.
Aside from being the fifteenth fund manufacturer to list products on the NEO Exchange, Emerge is the fourth fund provider to announce its entry into the Canadian ETF market through the exchange.
“Once again, innovators meet on our exchange as we proudly partner with Emerge and their suite of 21st century ETFs,” said Jos Schmitt, NEO president and CEO. “At NEO, our technology solutions unlock efficiencies in the capital markets and our expertise and deep knowledge of the Canadian ETF industry allows new fund manufacturers like Emerge to confidently enter the public markets.”