InvestmentsApr 19 2024

Cathie Wood's Ark launches trio of European ETFs

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Cathie Wood's Ark launches trio of European ETFs
Cathie Wood of Ark Invest. (Kyle Grillot/Bloomberg)

Ark Invest has launched its first European ETFs in what it called an "enduring partnership with European investors". 

The company, headed up by Cathie Wood, has announced its $14bn (£11.2bn) flagship strategy Ark Innovation UCITS ETF. 

The other two are the Ark Genomic Revolution UCITS ETF and one targeted at the European market Artificial Intelligence and Robotics UCITS ETF. 

Wood, Ark Invest's CEO, said: "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.”

The firm bought Rize ETF in September 2023. 

At the time it called the acquisition a "significant milestone" in its global expansion strategy. 

tara.o'connor@ft.com

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