The cease-trade order on all 11 ETFs from Emerge Canada Inc. represented the first time such an order had been placed on a family of ETFs in Canada. We examine the circumstances surrounding this troubled firm.
April 29, 2024
The cease-trade order on all 11 ETFs from Emerge Canada Inc. represented the first time such an order had been placed on a family of ETFs in Canada. We examine the circumstances surrounding this troubled firm.
April 29, 2024The order has prevented investors from cashing out after recent gains for Emerge's six ARK ETFs
Volatility is to be expected in thematic tech funds, says Morningstar expert
The Ontario Securities Commission says Emerge Canada has likely had insufficient working capital since September 2022
Most of the funds are underperforming their category peers
Assets in Emerge ETFs are held in trust and still “have value” during cease-trade order, firm says
The fund company's auditor resigned in November
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