Cboe Global Markets has announced that two of its exchanges have listed a new suite of sustainable ETFs from Emerge. The investment strategies are available in both US and Canada-domiciled funds, marking Cboe’s first coordinated launch of ETFs on both sides of the border.
The suite of Emerge EMPWR ETFs begins trading simultaneously on two of Cboe’s stock exchanges – Cboe BZX Exchange in the U.S., and the NEO Exchange in Canada – under the following respective US and Canadian symbols. The US funds are managed by Emerge Capital Management Inc., and the Canadian funds are managed by Emerge Canada Inc.
Founded by Lisa Langley in 2019, Emerge is an investment management firm that provides support and services to investment managers, institutions, and professional advisers.
Emerge has five other actively managed thematic ETFs, all listed on the NEO Exchange. The latest ETFs, run by an all-women portfolio management team, are designed to focus on sustainability and utilise a securities selection process based on Emerge’s proprietary ESG framework.
Lisa Langley, CEO and President of Emerge, says: “Today marks a special occasion for our organisation as we showcase the incredible talent and hard work of our all-star female portfolio managers with the launch of our very first sustainable ETF strategies in both Canada and the US. The Cboe and NEO teams share our commitment to innovation and responsible investing, and we look forward to the support that their global platforms provide as we seek to help investors globally achieve their long-term investment goals using an active, sustainable approach.”
This dual launch comes shortly after Cboe’s acquisition of NEO, a Toronto-based Canadian stock exchange operator, and leverages the combined strengths and assets of both exchange operators, including unique liquidity and investor outreach programs and streamlined issuer services pre- and post-listing. Cboe operates a global ETP listings marketplace spanning the US, Canada, the UK, Europe and Australia with a total of 825 unique ETPs from 115 issuers.
David Howson, Executive Vice President and Global President of Cboe Global Markets, says: “With NEO, our vision is to build an unparalleled global listings network that creates connections across borders and provides new capital formation, trading and liquidity opportunities to benefit investors and capital-raisers around the world, supporting both ETP issuers and corporates. As evidenced by this first dual ETF launch with Emerge, the combination of Cboe and NEO is already enabling us to create value for our clients and will continue to provide a strong foundation for us to further grow our global listings offerings, bring greater efficiencies to the marketplace and deepen our client relationships around the world.”
Jos Schmitt, Senior Vice President, Global Listings and NEO President, says: “Emerge has been a valued client of NEO for numerous years, and we couldn’t be more pleased to support the continued expansion of their product suite by bringing additional resources and support from Cboe and NEO’s combined businesses. Through an efficient, streamlined listings process across both our US and Canadian exchanges, we are helping Emerge seamlessly access a broader base of investors and tap into pools of capital outside of the domestic Canadian market. We look forward to delivering unmatched global resources and platforms to support their dual launch success.”
With NEO under its corporate umbrella, Cboe writes that it has a comprehensive North American equities offering with market data, access services and listings, accounting for approximately 13.8 per cent total equities market share in North America.