- Emerge launches sustainable investment strategies with U.S. and
Canada-domiciled ETFs, led by an
all-women portfolio management team
- Efficient, streamlined listing process across U.S. and
Canada expected to create greater
investor interest and liquidity
- Listings follow Cboe's recent acquisition of NEO and leverage
the company's combined strengths and equities platforms
CHICAGO and TORONTO, Sept. 8,
2022 /PRNewswire/ -- Cboe Global Markets, Inc. (Cboe:
CBOE), a leading provider of global market infrastructure and
tradable products, today announced that two of its exchanges have
listed a new suite of sustainable ETFs from Emerge. The investment
strategies are available in both U.S.- 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 U.S. and Canadian symbols. The U.S. funds
are managed by Emerge Capital Management Inc., and the Canadian
funds are managed by Emerge Canada Inc.
Emerge ETF Name
|
U.S. Ticker
|
Canadian Tickers
|
Launch Date
|
Emerge EMPWR
Sustainable Dividend Equity ETF
|
EMCA
|
EPCA,
EPCA.U
|
Sept. 8,
2022
|
Emerge EMPWR
Sustainable Global Core Equity ETF
|
EMZA
|
EPZA,
EPZA.U
|
Sept. 8,
2022
|
Emerge EMPWR
Sustainable Emerging Markets Equity ETF
|
EMCH
|
EPCH,
EPCH.U
|
Sept. 8,
2022
|
Emerge EMPWR Unified
Sustainable Equity ETF
|
EMPW
|
EPWR,
EPWR.U
|
Sept. 9,
2022
|
Emerge EMPWR
Sustainable Select Growth Equity ETF
|
EMGC
|
EPGC,
EPGC.U
|
Sept. 9,
2022
|
|
Founded by Lisa Langley in 2019,
Emerge is an investment management firm that provides support and
services to investment managers, institutions, and professional
advisors. 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 utilize a securities selection process based on Emerge's
proprietary ESG framework.
Lisa Langley, CEO and President
of Emerge, said: "Today marks a special occasion for our
organization 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 U.S. 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 U.S., Canada, the UK,
Europe and Australia with a total of 825 unique
exchange-traded products (ETPs) from 115
issuers1.
David Howson, Executive Vice
President and Global President of Cboe Global Markets, said: "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, said: "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
U.S. 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 has a comprehensive
North American equities offering with market data, access services
and listings, accounting for approximately 13.8 percent total
equities market share in North
America2. To learn more, visit
www.cboelistings.com.
About Cboe Global Markets,
Inc.
Cboe Global Markets (Cboe: CBOE), a leading provider of market
infrastructure and tradable products, delivers cutting-edge
trading, clearing and investment solutions to market participants
around the world. The company is committed to operating a trusted,
inclusive global marketplace, providing leading products,
technology and data solutions that enable participants to define a
sustainable financial future. Cboe provides trading solutions and
products in multiple asset classes, including equities,
derivatives, FX and digital assets, across North America, Europe and Asia
Pacific. To learn more, visit www.cboe.com.
About NEO
A Cboe Global Markets company, NEO is a bold and disruptive
capital markets fintech company designed for and led by the
industry. Fully operational since 2015, NEO consists of the NEO
Exchange, Canada's Tier 1 stock
exchange for the innovation economy that brings together investors
and capital raisers within a fair, efficient, and service-oriented
environment; and NEO Connect, a multi-asset distribution platform
supporting mutual funds, private funds, and private placements for
corporates.
Connect with NEO:
Website | LinkedIn |Twitter | Instagram | Facebook
Cboe Media Contact
|
NEO Media Contact
|
|
Cboe Analyst Contact
|
Angela Tu
|
Joanne Kearney
|
|
Kenneth Hill, CFA
|
|
+1-646-856-8734
|
+1-416-804-5949
|
|
+1-312-786-7559
|
|
atu@cboe.com
|
joanne.kearney@smithcom.ca
|
|
khill@cboe.com
|
|
|
|
|
|
|
CBOE-C
CBOE-OE
Cboe®, Cboe Global Markets®, Cboe Volatility Index®, and VIX®
are registered trademarks of Cboe Exchange, Inc. All other
trademarks and service marks are the property of their respective
owners.
Cboe Global Markets, Inc. and its affiliates do not recommend or
make any representation as to possible benefits from any
securities, futures or investments, or third-party products or
services. Cboe Global Markets, Inc. is not affiliated with Emerge
Canada, Inc. Investors should undertake their own due diligence
regarding their securities, futures and investment practices. This
press release speaks only as of this date. Cboe disclaims any duty
to update the information herein.
Nothing in this announcement should be considered a solicitation
to buy or an offer to sell any securities or futures in any
jurisdiction where the offer or solicitation would be unlawful
under the laws of such jurisdiction. Nothing contained in
this communication constitutes tax, legal or investment advice.
Investors must consult their tax adviser or legal counsel for
advice and information concerning their particular situation.
Cboe Global Markets, Inc. and its affiliates, to the maximum
extent permitted by applicable law, make no warranty, expressed or
implied, including, without limitation, any warranties as of
merchantability, fitness for a particular purpose, accuracy,
completeness or timeliness, the results to be obtained by
recipients of the products and services described herein, or as to
the ability of the Emerge ETFs to track the performance of the
general market or any segment thereof, and shall not in any way be
liable for any inaccuracies or errors. Cboe Global Markets, Inc.
and its affiliates have not calculated, composed or determined the
constituents or weightings of the securities that comprise the
Emerge ETFs and shall not in any way be liable for any inaccuracies
or errors.
Cautionary Statements Regarding
Forward-Looking Information
This press release contains forward-looking statements within
the meaning of the Private Securities Litigation Reform Act of 1995
that involve a number of risks and uncertainties. You can identify
these statements by forward-looking words such as "may," "might,"
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than statements of historical fact are forward-looking statements.
These forward-looking statements, which are subject to known and
unknown risks, uncertainties and assumptions about us, may include
projections of our future financial performance based on our growth
strategies and anticipated trends in our business. These statements
are only predictions based on our current expectations and
projections about future events. There are important factors that
could cause our actual results, level of activity, performance or
achievements to differ materially from those expressed or implied
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We operate in a very competitive and rapidly changing
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and it is not possible to predict all risks and uncertainties, nor
can we assess the impact of all factors on our business or the
extent to which any factor, or combination of factors, may cause
actual results to differ materially from those contained in any
forward-looking statements.
Some factors that could cause actual results to differ
include: the loss of our right to exclusively list and trade
certain index options and futures products; economic, political and
market conditions; compliance with legal and regulatory
obligations; price competition and consolidation in our industry;
decreases in trading or clearing volumes, market data fees or a
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that impact the quality and integrity of our indices; the impact of
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credit and default risks, associated with operating a European
clearinghouse; our ability to accommodate trading and clearing
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including managing potential conflicts between our regulatory
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BIDS Trading as an independently managed and operated trading
venue, separate from and not integrated with our registered
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ability of our compliance and risk management methods to
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losses due to digital asset custody, and fluctuations in digital
asset prices. More detailed information about factors that may
affect our actual results to differ may be found in our filings
with the SEC, including in our Annual Report on Form 10-K for the
year ended December 31, 2021 and
other filings made from time to time with the SEC.
We do not undertake, and we expressly disclaim, any duty to
update any forward-looking statement whether as a result of new
information, future events or otherwise, except as required by law.
Readers are cautioned not to place undue reliance on these
forward-looking statements, which speak only as of the date
hereof.
1 As of August 31,
2022.
2 As of August 31,
2022.
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SOURCE Cboe Global Markets, Inc.