TORONTO--(BUSINESS WIRE)--With much excitement, NEO proudly welcomes Emerge Canada Inc. (“Emerge” or the “Company”) back to the NEO Exchange, with the launch of Canada’s first-ever space exploration exchange traded fund. Sub-advised by ARK Investment Management LLC (“ARK Invest”), the Emerge ARK Space Exploration ETF began trading today under the symbol NEO:EAXP.
The Emerge ARK Space Exploration ETF seeks to achieve long-term growth of capital by investing primarily in global equity securities of companies that are engaged in space exploration and innovation. ARK defines “space exploration” as leading, enabling, or benefitting from technologically enabled products and/or services that accrue beyond the surface of the earth, and companies can be categorized into four overarching categories: orbital aerospace; suborbital aerospace; enabling technologies; and aerospace beneficiary companies.
“The extraordinary buzz behind Emerge Canada’s latest ETF innovation – even in advance of its launch - was certainly no surprise,” commented Jos Schmitt, President and CEO of NEO. “As the first to the Canadian market with an ETF focused on space exploration, Emerge has tapped into the universal fascination with discovering and exploring the unknown. In fact, since their inception, 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.”
Founded by Lisa Langley in 2019, Emerge has 5 other thematic ETFs, all listed on the NEO Exchange. Emerge funds are sub-advised by ARK Invest, led by Cathie Wood, which has deep subject matter expertise in innovative technology themes. Emerge and ARK Invest have joined together once again to bring EAXP, a much-anticipated space exploration investment opportunity, to Canadian investors through NEO.
“We are honoured to partner with ARK again on a Canadian first: the first actively managed Space ETF in Canada for Canadian investors,” remarked Lisa Langley, President and CEO of Emerge Canada. “Cathie Wood’s team is uniquely prepared for the challenge of identifying opportunities that will further space exploration, and Emerge is excited to continue to be Canada’s Innovation partner. Of course, listing this new fund on the NEO Exchange was an obvious choice for us. The leadership and expertise offered by NEO, particularly in the ETF space, on top of their attentive client support, has made them a true and valued partner to Emerge.”
The CAD Units and the USD Units of the Emerge ARK Space Exploration ETF are now available for trading on NEO. Investors can trade shares of EAXP through their usual investment channels, including discount brokerage platforms and full-service dealers. Click here for a complete view of all NEO-listed securities.
NEO is home to over 120 corporate and ETF listings, and consistently facilitates roughly 20% of all volume traded in Canadian ETFs.
About NEO Exchange
NEO Exchange is a progressive stock exchange that brings together investors and capital raisers within a fair, efficient, and service-oriented environment. Fully operational since June 2015, the NEO Exchange puts investors first and provides access to trading all Canadian-listed securities on a level playing field. The NEO Exchange lists non-venture companies and investment products seeking a stock exchange that enables investor trust, quality liquidity, and broad awareness including unfettered access to market data.
About Emerge Canada Inc.
Launched in July 2019 to bring Canadians elite, global investment strategies, Emerge Canada Inc. is 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.