Following ARK Invest’s acquisition of Rize ETF in 2023, ARK Invest Europe has announced the launch of its first European UCITS ETFs under the leadership of Cathie Wood.
The firm writes that this landmark launch includes the firm’s renowned USD14 billion dollar flagship strategy—the ARK Innovation UCITS ETF—alongside the ARK Genomic Revolution UCITS ETF and introduces a purpose-built strategy tailored specifically for the European market: the ARK Artificial Intelligence & Robotics UCITS ETF. Each of these forward-looking strategies is actively managed with a focus on disruptive innovation and is classified as an SFDR Article 8 fund.
Listed on Deutsche Bӧrse Xetra and the London Stock Exchange, Borsa Italiana and the CBOE Amsterdam tomorrow, with listing on the SIX Swiss Exchange due in the coming weeks, are:
v ARK Innovation UCITS ETF (ARKK)
v ARK Genomic Revolution UCITS ETF (ARKG)
v ARK Artificial Intelligence & Robotics UCITS ETF (ARKI)
Each ETF carries an OCF of 0.75 per cent.
Commenting on the launches, Cathie Wood, CEO of ARK Invest, says: “We are thrilled to finally introduce the ARK Innovation UCITS ETF, the ARK Genomic Revolution UCITS ETF and the ARK Artificial Intelligence & Robotics UCITS ETF to European investors. Over the past decade, a substantial portion of our website traffic, subscriber base, inbound requests, and social media traffic have come from people in Europe – a clear signal of the strong interest and demand for ARK’s investment strategies within the European market.
“Launching these UCITS ETFs is not just a response to that demand but a declaration of our long-term commitment to Europe. We’re bringing our best ideas and a decade-long track record to Europe, backed by a best-in-class product and distribution team from the former founders and team members of Rize ETF. This marks the beginning of a deep, enduring partnership with European investors, as we head into a future shaped by disruptive innovation.”
Wood further commented on the ethos behind the ETFs, “Our mission is to empower investors to capitalise on the most promising innovation of our age. The convergence of disruptive technologies across sectors is accelerating at an unprecedented pace, and we believe it presents one of the most exciting investment opportunities right now.”
The launch follows the rebranding of Rize ETF to ARK Invest Europe, after its acquisition by ARK Invest in September 2023. The firm writes that the new ETFs align with ARK Invest Europe’s strategy to offer a blend of active and systematic investment solutions, catering to the evolving needs of global investors. Innovation is the cornerstone of these solutions, the firm says.
“Innovation is the key to economic growth, achieving our sustainability goals and innate to the rise of global megatrends. We believe that innovation introduces new technologies and methods, improves productivity and creates new industries, which in turn leads to job creation, increased standards of living and enhanced societal well-being.
· Disruptive Innovation like AI and Robotics, Multiomic Sequencing or Blockchain Technology are central to exponential growth and represent an unprecedented investment opportunity.
· Investing Sustainably is innately linked with investing in innovation, especially in sectors like renewables and energy storage.
· Global Megatrends such as digitisation, deglobalisation or ageing are powered by innovation across sectors.”
