Emerge launches five innovation-focused ETFs

Toronto-based Emerge Canada Inc. has launched five new ETFs that are now trading on the Neo Exchange.

The actively managed thematic funds focus on sectors including fintech, genomics and biotech, autonomous tech and robotics, and AI and big data, Emerge said in a release. They are available in Canadian- U.S.-dollar-denominated units.

The funds are sub-advised by Emerge Capital Management Inc. and receive investment advice from New York-based ARK Investment Management LLC, an ETF provider specializing in disruptive innovation.

“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,” Catherine Wood, ARK Invest’s CEO and CIO, said in a release.

The new ETFs include the Emerge ARK Global Disruptive Innovation ETF, the Emerge ARK Genomics & Biotech ETF, the Emerge ARK Fintech Innovation ETF, the Emerge ARK AI & Big Data ETF and the Emerge ARK Autonomous Tech & Robotics ETF.

Emerge is the 15th fund manufacturer to list products on the Neo Exchange, according to a release from the Toronto-based Neo Exchange Inc.

Staff

The staff of Advisor.ca have been covering news for financial advisors since 1998.