Langley, who is chief executive officer and founder of Emerge Canada and Emerge Capital Management Inc., told Wealth Professional that less than 11% of all portfolio managers are women – and that’s barely changed in a decade – and less than 5% of all assets under management are managed by women … and she wants to change that.
“We’re not really going to move the needle, but at least we stand as a symbol of what’s possible,” she said of what Emerge is doing. “Firms have a responsibility to try to give women portfolio managers an opportunity.”
Emerge has launched an EMPWR platform, which it bills as the first of its kind to offer sustainable investment strategies featuring accomplished, but emerging, women portfolio managers. These sub-advisors provide actively managed investment solutions, maximizing returns while minimizing downside risks, while Emerge provides the back-office and platform support and ESG monitoring.
“Our aim is to grow women’s representation in the asset management industry while also promoting sustainability standards,” said Langley.
Emerge’s initial offering features four women portfolio managers each offering a sustainable exchange-traded fund (ETF) while Langley offers all four in a fifth fund.
