EMERGE ARK

Fintech Innovation ETF – EAFT

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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 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.

Fund Facts

EAFT NAV (As at July 9, 2020): $15.32

EAFT.U NAV (As at July 9, 2020): $11.29


CUSIP CAD Series: 29104M105
CUSIP USD Series: 29104M204
TICKER: EAFT
INCEPTION DATE: 7.29.2019
EXCHANGE: NEO Stock Exchange
MANAGEMENT FEE: 0.80%
CURRENCY: CAD/USD
SUB-ADVISORS: ARK Investment Management LLC

Fund Characteristics
  • Americas 58.2%
  • Europe 4.0%
  • ASIA-PACIFIC 25.9%
  • Africa 0.5%
Sector Allocation
  • Information Technology 15.8%
  • Financials 43.5%
  • COMMUNICATION SERVICES 16.3%
  • Consumer Discretionary 11.6%
  • Industrials 2.0%
Top 10 Holdings
Square Inc.-A10.1%
Tencent Holdings5.4%
Apple Inc4.7%
AMAZON.COM INC4.1%
MERCADOLIBRE INC4.0%
Alibaba Group Holdings3.9%
ZILLOW GROUP INC3.7%
LENDING TREE INC3.6%
PAYPAL HOLDINGS INC3.2%
MEITUAN-W3.0%