Crypto News – With the purchase of Rize ETF, Cathie Wood‘s investing company, ARK Invest, is expanding into Europe. Rize will be reorganized as ARK Invest Europe in the upcoming months, becoming ARK’s European division.
ARK Invest New Move: Rize ETF Acquired and the Company is Moving Steadily Towards Europe
In order to uphold the excellent standards that have won recognition in Europe, the founders of Rize ETF will continue to work for the expanded business. The breadth of investment alternatives for customers is increased by fusing ARK’s highly innovative active management strategy with Rize ETF’s experience in sustainable themed indices.
Today’s acquisition advances ARK Invest’s commitment to offer high-quality thematic investment solutions to a global investor audience, particularly European investors who have not been able to access our products. We believe that the European ETF market presents a strong growth opportunity as new and younger investors continue to gain access to ETFs via the growth of digital platforms, and as active ETFs increase market share by meeting the demand for innovative investment exposures.
We are delighted to welcome the talented Rize ETF team into the ARK family. By merging its passion for thematic and sustainable index investing with ARK’s innovative actively managed approach centered on disruptive innovation, we can offer our clients a more diverse array of investment options to invest in the future. Together, we will continue to educate and empower investors, helping them to achieve their long-term financial goals.
Cathie Wood, Founder, CIO, and CEO of ARK Invest
Impact of Acquisition on Companies
The introduction of ARK Invest’s sophisticated UCITS ETFs to investors in Europe, the UK, and other nations will be made possible thanks to this acquisition, which is a significant step in the company’s worldwide expansion strategy. Additionally, it promotes the expansion and growth of Rize ETF’s sustainable thematic ETFs both domestically and internationally.
The acquisition offers ARK an entry into the European ETF market, capitalizing on our expertise and track record in building multiple European ETF businesses. Leveraging ARK’s global network and our expertise in European distribution, we aim to strengthen our collective global presence. This initiative signifies not just business growth, but a collaborative exchange of global asset management best practices, insights, and tactics.
Stuart Forbes, Co-Founder of Rize ETF
Rize ETF to be Gradually Replaced by ARK Invest Europe
The Rize ETF name and brand will gradually be phased away to make room for ARK Invest Europe. Existing Rize ETF products on this new platform will now be designated with the prefix “ARK.” Incorporating Rize ETF’s broad expertise in the entire ETF lifecycle, from products to regulations, from operations to distribution, ARK Invest Europe will uphold the high standards of investment research, portfolio management, and client service that set ARK apart.
Over the past five years, we have managed to carve out a niche in thematic and sustainable ETFs. By joining forces with ARK, a leader in investment and innovation research, we are poised to offer a broader product line that spans three key growth areas in European ETFs: thematic, sustainable, and active.
This collaboration will not only bring our clients a broader range but also foster a deeper commitment to research, not to mention our mutual dedication to sustainability.
Rahul Bhushan, Co-Founder of Rize ETF
About Rize ETF
Rize ETF was founded in 2019 by Stuart Forbes, Rahul Bhushan, Jason Kennard, and Anthony Martin, four seasoned veterans of the ETF sector. The European UCITS ETF business founded by ETF Securities, which was eventually purchased by Legal & General in 2018, was founded by these founders before their involvement with Rize ETF. Because of its creative strategy for developing top-notch, sustainable, thematic ETFs based on thorough analysis and custom designs, this company has established itself as a household name in Europe.
About Ark Investment
The St. Petersburg, Florida-based ARK Investment Management LLC is an American investment management company that oversees several actively managed exchange-traded funds. In 2014, Cathie Wood started it. Global asset manager ARK is an expert in disruptive innovation theme investment.
Leave a comment