Emerald open-end and exchange-traded products are costlier than similarly distributed funds at other highly-rated asset managers, on average in the second most expensive quintile of category peers. The higher expense profile contributes negatively to the firm's overall stewardship rating and creates a larger performance hurdle. The longest-tenured strategy managers at Emerald are worth mentioning. With 21 years of average tenure, this group has a wealth of experience to draw upon should markets head south. The Emerald roster of open-end and exchange-traded funds has had below-average risk-adjusted performance, as seen in its average three-year Morningstar Rating of 2.0 stars.
Emerald lags peer asset managers in a number of stewardship qualities, resulting in a Below Average Parent Pillar rating.