Cathie Wood could bring her flagship $6.5bn ARK Innovation ETF (ARKK) to Europe early next year following the acquisition of Rize ETF last month.
Speaking in a virtual press conference yesterday, 5 October, Stuart Forbes, head of ARK Invest Europe and co-founder of Rize ETF, said ARKK was one of several existing US strategies that could come to the continent.
“We are actively working on bringing several of the existing active strategies to Europe,” Forbes said. “I suspect it is going to be in the new year that we will be launching. We are working very hard to deliver those as quickly as possible and we are seeing demand from Europe.
“[ARKK] is absolutely the flagship fund so it is obviously going to be a key focus for us. It is really just determining what we launch and when but ARKK is very much in contemplation.”
ARKK has experienced over $900m outflows from the turn of the…
