Bringing you live news and features since 2006 

ARK Investment Management launches 3D Printing ETF


ARK Investment Management has launched the 3D Printing ETF (PRNT) on the BATS ETF Marketplace.

PRNT is the first ETF in the US to focus solely on the 3D printing ecosystem. PRNT will rebalance on a quarterly basis.
ARK believes 3D printing will revolutionise manufacturing by collapsing the time between design and production, reducing costs, and enabling greater design complexity, accuracy and customisation than traditional manufacturing. 
While 3D printing is a USD5.2 billion market today, ARK estimates that it could grow to more than USD40 billion by 2020 and McKinsey projects a growth of up to USD490 billion by 2025.
"ARK's research shows that the 3D printing industry has one of the highest growth projections in the economy," says Catherine D Wood, ARK founder, chief executive officer and chief investment officer. "As the technology evolves and costs continue to decline, the 3D printing industry has the potential to steal market share from traditional manufacturing and transform every sector of the economy. We are excited to bring this truly innovative fund to the market."
Laura Morrison, BATS Global Markets senior vice president, global head of exchange-traded products, says: "We are excited to welcome an innovator like ARK as a new issuer on the BATS ETF Marketplace and we look forward to a successful partnership."
PRNT tracks the Total 3D-Printing Index which includes companies that are the worldwide leaders in 3D printing and related businesses such as Computer-Aided Design and simulation software, service centres, scanning and measurement, and materials.
Fund holdings are driven by ARK's original research and span sectors, industries, and market caps.

Latest News

ACA Group (ACA) has announced its intent to acquire the broker-dealer distribution business from UMB Fund Services, a subsidiary of.., the parent company of 21Shares has announced the launch of Wrapped Bitcoin (21BTC) on the Solana blockchain. 21BTC..
CoinShares writes that digital asset investment products saw inflows for the third consecutive week totalling USD1.05 billion, with cumulative flows..
The New York Stock Exchange, part of Intercontinental Exchange, Inc, has announced it is collaborating with CoinDesk Indices to launch..

Related Articles

Timothy Rotolo, Range Funds
In 2023, Timothy Rotolo launched his business, Range Fund Holdings, the parent company for Range Indices and Range ETFs, followed...
Dan Miller, IQ-EQ
With just over a week to go till T+1 settlement begins in North America, Canada and Mexico, time is of...
Emily Spurling, Nasdaq
Last October’s ETF Express US Awards 2023 found Nasdaq winning Best Index Provider – ESG ETFs and Best Index Provider...
Vinit Srivistava, MerQube
Index provider, MerQube, launched in 2019, with the aim of providing a “technology-driven answer to the most complex, rules-based investment...
Subscribe to the ETF Express newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by