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ARK Investment Management launches ARK Fintech Innovation ETF

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ARK Investment Management (ARK) has launched the ARK Fintech Innovation ETF (ARKF), its fifth actively managed exchange-traded fund, and seventh ETF overall.

The new fund is now trading publicly on the New York Stock Exchange Arca.
 
The ARK Fintech Innovation ETF (ARKF) invests in equity securities of companies that ARK believes are shifting financial services and economic transactions to technology infrastructure platforms, ultimately revolutionising financial services by creating simplicity and accessibility while driving down costs.
 
“Powered by innovations within mobile, artificial intelligence, and blockchain technology, companies within fintech are working to disintermediate, or bypass, incumbent financial players and challenge traditional institutions by offering new solutions that are better, cheaper, faster, and more novel and secure,” says ARK’s Founder and Chief Executive Officer, Catherine Wood. “Fintech reimagines the generation, transfer, and storage of value in today’s increasingly digital economy, and its impact will extend across every industry. Through facilitating peer-to-peer transfers, gifting, intermediary products, and other non-GDP related economic activity, the companies in ARKF, in our view, will touch more than the USD80 trillion in GDP today.” 
 
“Launching ARKF was a natural progression that builds on the success of our sub-advised fintech mutual fund with Nikko Asset Management in Japan, which received the Morningstar Fund of the Year 2017 Global Equity Award,” stated ARK’s Chief Operating Officer, Tom Staudt. “We believe all investors, both retail and institutional, should have access to investment opportunities in disruptive innovation and are excited that ARKF will fill a hole in US public equity markets for an actively managed, research-based fintech fund.”

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