TORONTO--(BUSINESS WIRE)--Emerge Canada Inc. (“Emerge”) today announced the launch of Emerge ARK Space Exploration ETF (“Emerge ETF”), including Canadian dollar-denominated exchange-traded units (“CAD Units”), U.S. dollar-denominated exchange-traded units (“USD Units”) and other non-exchange-traded units of the Emerge ETF. The CAD Units and the USD Units of the Emerge ETF will be available for trading on NEO Exchange Inc. when markets open today.
Emerge ETF Name
Emerge ARK Space Exploration ETF
EAXP (CAD Units)
EAXP.U (USD Units)
Emerge has retained Emerge Capital Management Inc. (“ECM”) to act as sub-adviser of the Emerge ETF. ECM has retained ARK Investment Management LLC (“ARK Invest”) to provide investment advice to it in respect of the Emerge ETF. ARK Invest is a registered investment adviser in the United States with offices based in New York, New York.
The Emerge ETF seeks to achieve long-term growth of capital by investing primarily, under normal circumstances, in global equity securities of companies that are engaged in space exploration and innovation.
ARK Invest defines “space exploration” as leading, enabling, or benefitting from technologically enabled products and/or services that occur beyond the surface of the Earth. ARK Invest believes that space exploration companies can be grouped into four overarching categories, each of which contains relevant sub-elements: orbital aerospace companies; suborbital aerospace companies; enabling technologies companies; and aerospace beneficiary companies.
“We believe the space industry is primed for take off,” stated ARK’s Founder, Chief Executive Officer and Chief Investment Officer, Cathie Wood. “Thanks to advancements in deep learning, mobile connectivity, sensors, 3D printing, and robotics, costs that have been ballooning for decades are beginning to decline. As a result, the number of satellite launches and rocket landings is proliferating. We believe that the orbital aerospace revenue opportunity alone – including satellite connectivity and hypersonic flight – will exceed $370 billion annually.“
Lisa Langley, President and CEO of Emerge, brings her expertise to the creation and distribution of Emerge’s ETFs in Canada. The Emerge ETF will be the 6th ETF for Emerge listed on NEO Exchange Inc. in Toronto.
“We are honoured to partner with ARK again on a Canadian first: the first actively managed Space ETF in Canada for Canadian investors. Emerge is excited to continue to be Canada’s Innovation partner. Cathie Wood’s team is uniquely prepared for the challenge of identifying opportunities that will further space exploration. Investing in this area is one way we can all experience the excitement of space exploration, its benefits to life on earth, and to help everyone learn about the future.”
- Lisa Langley, CEO/President, Emerge
The CAD Units and the USD Units of the Emerge ETF will be available for trading on NEO Exchange Inc. when markets open today.
“The extraordinary buzz behind Emerge Canada’s latest ETF innovation – even in advance of its launch - is certainly no surprise,” added Jos Schmitt, President and CEO of NEO. “As the first to market with an ETF focused on space exploration, Emerge has tapped into a universal fascination with discovering and exploring the unknown. In fact, since their inception in 2019, Emerge has been on the vanguard of the Canadian ETF landscape with a suite of actively managed, thematic ETFs focused on disruptive and innovative technology – two ongoing themes at the core of the NEO Exchange. With today’s launch, NEO is proud to continue supporting Emerge as their exchange of choice, and we are honoured to provide the platform that brings this future-forward product to investors.”
- Jos Schmitt, President & CEO, NEO Exchange Inc.
Click here to view the real-time market data for all six of Emerge’s actively managed thematic ETFs.
Important Risk Information
Commissions, trailing commissions, management fees and expenses may all be associated with an investment in the Emerge ETF. Before investing, you should carefully consider the Emerge ETF’s investment objectives, strategies, risks, charges and expenses. This and other information are in the Emerge ETF’s simplified prospectus, annual information form, ETF Facts and Fund Facts, which may be obtained by visiting www.emergecm.ca or www.sedar.com. Please read the Emerge ETF simplified prospectus, annual information form, ETF Facts and Fund Facts carefully before investing. An investment in the Emerge ETF is subject to risks and you can lose money on your investment. Detailed information regarding the specific risks of the Emerge ETF can be found in the Emerge ETF’s simplified prospectus. There can be no assurance that the Emerge ETF will achieve its investment objective. The CAD Units and USD Units of the Emerge ETF are bought and sold at market price and there can be no guarantee that an active trading market for the Emerge ETF units will develop or be maintained, or that their listings will continue or remain unchanged. The Emerge ETF is not guaranteed, its values changes frequently and past performance may not be repeated.
Certain statements included in this news release constitute forward-looking statements, including, but not limited to, the launch of the Emerge ETF and those statements identified by the expressions “believe”, “will” and similar expressions to the extent they relate to the Emerge ETF, Emerge or the space exploration industry. These forward-looking statements are subject to a number of risks and uncertainties and are based on several assumptions, both general and specific, which give rise to the possibility that actual results or events could differ materially from current expectations. Although Emerge believes that the assumptions inherent in the forward-looking statements are reasonable, forward-looking statements are not guarantees of future performance and, accordingly, readers are cautioned not to place undue reliance on such statements due to the inherent uncertainty therein. The forward-looking statements contained in this news release describe Emerge’s or the speaker’s expectations at the date of this news release and, accordingly, are subject to change after such date. Emerge undertakes no obligation to update publicly or otherwise revise any forward-looking statement or information whether as a result of new information, future events or other such factors which affect this information, except as required by law. Forward-looking statements are provided herein for the purpose of giving information about the launch of the Emerge ETF and the space exploration industry in general. Readers are cautioned that such information may not be appropriate for other purposes.
About Emerge Canada Inc.
Emerge Canada Inc. launched in July 2019 to bring Canadians elite, global investment strategies. As an investment management firm that provides support and services to investment managers, institutions and professional advisors, Emerge is focused on opening new doors for high-calibre emerging managers who meet its stringent standards. Its vision is to be recognized for creating opportunities for these global investment managers by facilitating the manufacturing of new funds and providing distribution expertise.
About ARK Investment Management LLC
ARK Investment Management LLC is a Manhattan-based thematic disruptive innovation technology specialist headed by Catherine Wood, CEO/CIO and Founder. Cathie Wood has gained broad industry recognition for her ground-breaking work in thematic disruptive investing. Accompanying Cathie is a highly-talented analyst team with deep subject matter expertise, focused on the technology themes ARK Invest believes will be the most impactful in the world.
About NEO Exchange
NEO Exchange Inc. is a progressive stock market that brings together investors and capital raisers within a fair and transparent environment. Fully operational since June 2015, NEO puts investors first and provides access to trading all Canadian-listed securities on a level playing field. The NEO Exchange lists senior companies and investment products who want a stock exchange that enables investor trust, quality liquidity and broad awareness, including unfettered access to market data.