TORONTO--(BUSINESS WIRE)--Emerge Canada Inc. (“Emerge”) has launched its new proprietary EMPWR program today. EMPWR is available in both Canada and the U.S. and includes separate account strategies, mutual funds and exchange-traded funds (“ETFs”). EMPWR is designed to support and highlight women-led investment managers while promoting sustainable investing.
Emerge is launching the following five ETFs in Canada (each, an “EMPWR ETF” and collectively, the “EMPWR ETFs”), including Canadian dollar-denominated exchange-traded units (“CAD Units”) and U.S.-dollar-denominated exchange-traded units (“USD Units”) of each EMWPR ETF, and five ETFs in the U.S. The CAD Units and the USD Units of Emerge EMPWR Sustainable Dividend Equity ETF, Emerge EMPWR Sustainable Global Core Equity ETF and Emerge EMPWR Sustainable Emerging Markets Equity ETF will be available for trading on Neo Exchange Inc. when markets open today, and the CAD Units and the USD Units of Emerge EMPWR Sustainable Select Growth Equity ETF and Emerge EMPWR Unified Sustainable Equity ETF will be available for trading on Neo Exchange Inc. when markets open tomorrow.
EMPWR ETF |
Ticker Symbols |
Listing Date |
Emerge EMPWR Sustainable Dividend Equity ETF |
EPCA (CAD Units) EPCA.U (USD Units) |
September 8, 2022 |
Emerge EMPWR Sustainable Select Growth Equity ETF |
EPGC (CAD Units) EPGC.U (USD Units) |
September 9, 2022 |
Emerge EMPWR Sustainable Global Core Equity ETF |
EPZA (CAD Units) EPZA.U (USD Units) |
September 8, 2022 |
Emerge EMPWR Sustainable Emerging Markets Equity ETF |
EPCH (CAD Units) EPCH.U (USD Units) |
September 8, 2022 |
Emerge EMPWR Unified Sustainable Equity ETF |
EPWR (CAD Units) EPWR.U (USD Units) |
September 9, 2022 |
The EMPWR ETFs will provide Canadians with access to talented U.S. and Canadian-based investment managers. Emerge has retained Emerge Capital Management Inc. (“ECM”) to act as sub-adviser of the EMPWR ETFs and ECM has retained the following firms to provide advice to it in respect of certain of the EMPWR ETFs:
- in respect of Emerge EMPWR Sustainable Dividend Equity ETF, Catherine Avery Investment Management LLC (“CAIM”);
- in respect of Emerge EMPWR Sustainable Emerging Markets Equity ETF, Channing Global Advisors, LLC (“Channing”);
- in respect of Emerge EMPWR Sustainable Select Growth Equity ETF, Grace Capital Corporation (“Grace Capital”); and
- in respect of Emerge EMPWR Sustainable Global Core Equity ETF, Zevin Asset Management (“Zevin”).
CAIM, Channing, Grace Capital and Zevin are women-run investment firms that have strong track records in the investment sector. Emerge applies its stringent environmental, social and governance (“ESG”) criteria to the recommendations provided to it by CAIM, Channing, Grace Capital and Zevin. Emerge EMPWR Unified Sustainable Equity ETF employs a manager-of-manager approach and invests in a selection of equity securities that are held by the other EMPWR ETFs.
In Canada, the number of women in senior levels in asset management sits at just 14%.1 Emerge, a leading transnational investment fund manager, is introducing its new proprietary program, EMPWR, to help change this.
“It is no secret that female representation in the investment management industry is a fraction of what it can and should be,” says Lisa Langley, President & CEO of Emerge Capital Management. “We are launching EMPWR to support and advocate for female managers and to inspire new women portfolio managers to join the industry.”
Jos Schmitt, NEO President and SVP of Global Listings for Cboe Global Markets, said: “Today marks our first dual launch of ETF strategies on both sides of the border – an exciting milestone enabling Emerge to leverage the combined reach of Cboe Global Markets in both Canada, on the Neo Exchange, and the US, on the Cboe BZX Exchange. We couldn’t be more excited to reach this milestone with Emerge, a firm that has proven to be an innovative early adopter, time and again. The EMPWR suite of funds showcases the talent of an all-women portfolio management team with a focus on ESG and sustainability – a double win for socially-conscious and responsible investors.”
The EMPWR platform offers robust and sustainable solutions that integrate ESG factors into the investment philosophy. “The future of capital markets will likely be significantly influenced by global sustainability issues as the world transitions to a low carbon economy and experiences profound social changes,” says Langley. “EMPWR’s platform will provide an investment process run by accomplished women that focuses on factors of sustainable innovation, and growth.”
Important Risk Information
Commissions, management fees and expenses may all be associated with an investment in the EMPWR ETFs. Before investing, you should carefully consider each EMPWR ETF’s investment objectives, strategies, risks, charges and expenses. This and other information are in the EMPWR ETFs’ prospectus and ETF Facts, which may be obtained by visiting www.emergecm.ca or www.sedar.com. Please read the EMPWR ETFs’ prospectus and ETF Facts carefully before investing. An investment in an EMPWR ETF is subject to risks and you can lose money on your investment. Detailed information regarding the specific risks of an EMPWR ETF can be found in the EMPWR ETFs’ prospectus. There can be no assurance that an EMPWR ETF will achieve its investment objective. An EMPWR ETF’s portfolio is more volatile than broad market averages. CAD Units and USD Units of the EMPWR ETFs are bought and sold at market price and there can be no guarantee that an active trading market for such units will develop or be maintained, or that their listings will continue or remain unchanged. EMPWR ETFs are not guaranteed, their values change frequently and past performance may not be repeated.
About Emerge Canada Inc.
Based in Toronto, ON, Emerge Canada Inc. is Canada’s first and only woman-owned investment fund manager. Our team of experts provides guidance and expertise to high-calibre emerging investment managers by serving as a resource and an advocate on all levels. We also offer Canadian investors and institutions greater options by providing access to top U.S. strategies through Canadian-listed funds. Through our focus on DE&I initiatives, we take pride in supporting investment managers who tend to be the most underrepresented in the industry. From infrastructure and due diligence to product development, we provide emerging managers with a full array of go-to-market services, and we also develop investment strategies with strong sustainability practices.
For more information, please visit www.emergecm.ca
1PPIB, PSP backing Ivey program for women interested in asset management,” Benefits Canada, 14, Mar. 22, <https://www.benefitscanada.com/canadian-investment-review/investments-other/cppib-psp-back-ivey-program-for-women-interested-in-asset-management/>
