Toronto-based Emerge Canada has debuted its first ETFs with the launch of five active thematic equity products on NEO Exchange.
Catherine Wood, CEO and CIO of ARK Investment Management.
Emerge Canada is a recently formed entity set up to offer Canadian investors local access to ETF strategies developed by New York-based ARK Investment Management.
The five funds reflect strategies that are similar to ARK’s suite of US-listed ‘disruptive innovation’ ETFs that collectively house around $2.8 billion in assets under management.
Four of the ETFs target so-called disruptive companies within a single theme: genomics & biotechnology; fintech; artificial intelligence & big data; and autonomous technology & robotics. The fifth fund invests in the best ideas across all of ARK’s disruptive technology themes.
The ETFs typically hold between 30 and 50 securities, sourced from US equities and American Depository Receipts (ADRs) of foreign companies.
The funds, along with their CAD and USD share class tickers, are outlined below.
Emerge ARK Global Disruptive Innovation ETF (EARK CN); (EARK.U CN)
Emerge ARK Genomics & Biotech ETF (EAGB CN); (EAGB.U CN)
Emerge ARK Fintech Innovation ETF (EAFT CN); (EAFT.U CN)
Emerge ARK AI & Big Data ETF (EAAI CN); (EAAI.U CN)
Emerge ARK Autonomous Tech & Robotics ETF (EAUT CN); (EAUT.U CN)
Each ETF comes with a management fee of 0.80%.
Catherine Wood, CEO, and CIO of ARK Investment Management commented, “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.
“Our incisive investment process, open research ecosystem, and truly active management of high-conviction portfolios allows us to capitalize on rapid change and avoid industries and companies likely to be displaced by advances in technology.”
Lisa Langley, President, and CEO of Emerge Canada added, “We are proud to launch the Emerge ETFs in Canada with ARK Invest providing investment advice on active disruptive innovation strategies. Emerge is focused on partnering with great global investment managers to facilitate entering into Canada.”