Investors in Emerge Canada Inc.’s Toronto-listed versions of Cathie Wood’s popular exchange traded funds are stuck in limbo.
Regulators slapped the investment firm with trading bans on 11 of its funds — including six Ark Investment Management-partnered funds — after Emerge Canada missed end-of-year regulatory filing deadlines.
Interest in risky growth-oriented investments — like Ark’s innovation themed funds — has faded after the Federal Reserve ended its low-interest rate regime last year. Emerge’s Canadian funds have seen minimal interest in 2023 with its largest Ark-tied fund, the $75 million Emerge ARK Global Disruptive Innovation ETF logging US$2.7 million of outflows so far in 2023.
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