Cboe and NEO Dual Launch New Suite of Women-Led Sustainable ETFs in the U.S. and Canada
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.
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.
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.”
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.
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.
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.
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