EAGB 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 extending and enhancing the quality of human and other life through technological and scientific developments, improvements and advancements in biotech and genomics
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.
Exposure to Innovation: Aims to achieve thematic multi-capitalization exposure to innovation across sectors. ARK believes the securities held in EARK present the best risk-reward opportunities from ARK’s innovation-based themes.
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. EAGB 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 September 30, 2021
EAGB NAV (As at October 25th, 2021): $19.94
EAGB.U NAV (As at October 25th, 2021): $16.12
CUSIP CAD Series: 291004109
CUSIP USD Series: 291004208
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 September 30, 2021
- Americas 92.7%
- Europe 3.4%
- Asia 3.1%
- Middle East 0.4%
As at September 30, 2021
- Health Care 95.8%
- Information Technology 2.8%
- Financials 1.2%
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