Emerge to Launch 10 Sustainable ETFs That Are All Run by Women
Even as flows into environmental, social and governance ETFs are slowing, Emerge is introducing its first set of active sustainable ETFs with a twist -- each fund will be overseen by women.
On Sept. 8, the investment management firm will launch five different ESG exchange-traded funds, with versions listed on both the Cboe BZX Exchange in the US and the NEO Exchange in Canada. The funds will invest in equity securities that exclude certain categories, according to prospectus documents, such as gambling, adult entertainment and chemical weapons.
When asked why Emerge was introducing these 10 funds while equity markets are limping and so-called anti-ESG funds are gaining traction, the firm’s CEO and founder Lisa Langley countered with, “Why not now?”