EAAI is an actively managed ETF that seeks to achieve long-term growth of capital by investing primarily, under normal circumstances, in global equity securities of companies that are or, are expected to be, focused on artificial intelligence (AI), big data, and the shift of technology infrastructure from hardware and software to the cloud.
Profile of an Innovator : Portfolio Manager
Catherine founded ARK Investment Management in 2014. Previously, she completed twelve years at Alliance Bernstein as Chief Investment Officer of Global Thematic Strategies with over $5 billion in assets under management. Before Alliance Bernstein, she worked for eighteen years with Jennison Associates as Chief Economist, Equity Research Analyst, Portfolio Manager, and Director. Catherine started her career in Los Angeles at the Capital Group as an Assistant Economist.
Exposure to Innovation: Aims for thematic multi-cap exposure to innovative innovation technologies, including: cloud computing, big data, digital media, e-commerce, and the Internet of Things (IOT).
Growth Potential: Aims to capture long-term growth with low correlation of relative returns to traditional growth strategies and negative correlation to value strategies.
Tool for Diversification: Active stock selection results in little overlap with traditional indices. It can be a complement to traditional value/growth strategies.
Grounded in Research: Combines top-down and bottom-up research in its portfolio management to identify innovative companies and convergence across markets.
Cost Effective: Provides a lower cost alternative to mutual funds with true active management in an Exchange Traded Fund (ETF) that invests in rapidly moving themes.
Top 10 Holdings
As at July 30, 2021
EAAI NAV (As at September 23, 2021): $24.23
EAAI.U NAV (As at September 23, 2021): $19.16
CUSIP CAD Series: 29103F101
CUSIP USD Series: 29103F200
INCEPTION DATE: 7.29.2019
EXCHANGE: NEO Stock Exchange
MANAGEMENT FEE: 0.80%
SUB-ADVISORS: ARK Investment Management LLC
*as expected for 2021, please reference emergecm.ca for information regarding the MER for each ETF.
As at July 30, 2021
- Americas 90.1%
- Europe 4.7%
- Asia 2.3%
- United Kingdom 1.1%
- Middle East 0.8%
As at July 30, 2021
- Information Technology 35.0%
- Communications Services 31.9%
- Consumer Discretionary 22.1%
- Health Care 6.0%
- Financials 5.1%
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