Following ARK Invest’s acquisition of Rize ETF in 2023, ARK Invest Europe has confirmed the launch of its first European UCITS ETFs under the leadership of Cathie Wood.
The launch includes the firm’s renowned $14 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 strategies is actively managed with a focus on disruptive innovation and is classified as an SFDR Article 8 fund.
Commenting on the launches, Cathie Wood, CEO of ARK Invest, said, “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.”
ARK Innovation ETF
The ARK Innovation ETF seeks to invest in companies involved in “disruptive innovation”, defined as the introduction of a technologically enabled new product or service that potentially changes the way the world works. These are companies that lead, enable, rely on, or benefit from the development of new products or services, technological improvements and advancements relating to genomics, automation and manufacturing, transportation, energy, artificial intelligence and materials, infrastructure and services, the increased use of shared technology, or technologies that make financial services more efficient.
ARK Genomic Revolution ETF
The ARK Genomic Revolution ETF seeks to invest in companies involved in the genomic revolution. These are companies that are substantially focused on or benefit from extending and enhancing the quality of human and other life by incorporating technological and scientific developments, improvements and advancements in genomics into their business, such as by offering new products or services that rely on genomic sequencing, analysis, synthesis or instrumentation.
ARK Artificial Intelligence & Robotics ETF
The ARK Artificial Intelligence & Robotics ETF seeks to invest in companies involved in artificial intelligence, autonomous technology and robotics. These are companies that are expected to focus on and benefit from the development of new products or services, technological improvements and advancements in scientific research related to, among other things, disruptive innovation in artificial intelligence, automation and manufacturing, transportation, energy and materials.
The launch follows the successful rebranding of Rize ETF to ARK Invest Europe, after its acquisition by ARK Invest in September 2023. The new Exchange Traded Funds 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.
ARK believes that innovation is the key to economic growth: “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,” the company said last week.
