Ticker: EAFT

Emerge goes live with Simon Barnett (Genomics Analyst, ARK Invest) on January 20th at 3.00pm ET

Investment Objectives

EAFT is an actively managed exchange-traded fund (ETF) that seeks to achieve long-term growth of capital by investing primarily, under normal circumstances, in the global equity securities of companies that are, or are expected to be, focused on financial technology (Fintech) innovation, including the shift of the financials sector and economic transactions towards payment infrastructure platforms and technically enabled web-based intermediaries.

Profile of an Innovator : Portfolio Manager

Catherine Wood founded ARK Investment Management in 2014. She spent the previous 12 years at Alliance Bernstein as Chief Investment Officer of Global Thematic Strategies that had over US$5 billion in assets under management. Before AllianceBernstein, she worked for 18 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.

Why Invest?

Exposure to Innovation: Aims for thematic multi-capitalization exposure to fintech innovations, including: mobile payments, digital wallets, peer-to-peer lending and risk transformation.

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. EAFT 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 ETF that invests in rapidly moving themes.

Top 10 Holdings

As at December 31, 2020

Square Inc.-A10.11%
MercadoLibre Inc4.56%
Zillow Group Inc.4.37%
Intercontinental Exchange Inc4.11%
Tencent Holdings Ltd3.95%
Pinterest Inc3.87%
PayPal Holdings Inc3.73%
Sea Limited3.64%
Ayden NV3.62%
Alibaba Group Holding Limited2.96%
Click Here to Download EAFT Full Holdings Report as of Dec. 31, 2020.
Fund Facts

EAFT NAV (As at January 20th, 2021): $21.68

EAFT.U NAV (As at January 20th, 2021): $17.17

CUSIP CAD Series: 29104M105
CUSIP USD Series: 29104M204
EXCHANGE: NEO Stock Exchange
SUB-ADVISORS: ARK Investment Management LLC

Fund Characteristics

As at December 31, 2020

  • Americas 67.85%
  • Europe 4.70%
  • Asia 25.57%
  • Africa 1.21%
Sector Allocation

As at December 31, 2020

  • Information Technology 38.78%
  • Financials 28.55%
  • Consumer Discretionary 14.89%
  • Communication Services 16.05%
  • Health Care 1.06%