Hints and tips:
...The new products follow Ark Invest’s purchase last year of Rize ETF, since rebranded Ark Invest Europe, in a bet on European demand for thematic ETFs, such as Wood’s....
...Cathie Wood has said her tech-focused Ark stock market fund “paid its dues” with two years of steep declines, before roaring back last year with one of the industry’s best performances....
...From Ark Invest’s latest newsletter....
...Funds operated by Wood’s firm Ark Investment Management LLC have bought about 216,000 shares of the company over investments made on Dec. 20 and Jan. 3, according to Ark’s daily trading data compiled by...
...Rize will be renamed Ark Invest Europe....
...Ark research note by director of financial reporting and fund accounting Rob Kamentsev....
...Wood expects to launch a range of active Ark funds in Europe by the end of the year. Rize, which will be renamed Ark Invest Europe, was founded in 2019....
...Empowered Funds has filed to launch three bitcoin futures ETFs that will use the Ark Invest and 21Shares brands in their names....
...While investors already have ploughed more than $7bn into the nine new products combined — mostly into ETFs from BlackRock, Fidelity, Bitwise, and Ark Investment Management — they have also pulled more than...
...Created in late 2014, the Ark Innovation ETF aims to back disruptive innovation. The bolder the plan, the better....
...A little-known Brazilian asset manager has come up with a novel solution that might see it elbow in front of much larger rivals such as BlackRock and Ark to gain approval for the first US spot bitcoin exchange...
...Ark did not respond to a request for comment. Wood said in a presentation to investors in late January that “innovation was punished” in the last quarter of 2022....
...The fund will be run in line with Ark’s flagship Ark Innovation strategy, which was launched in 2014. It carries an ongoing charge of 0.9 per cent....
...Petersburg, Florida-based asset manager Ark Investment Management in 2014....
...ARK for degens — aka the triple-Q ETF — is up 44 per cent, and has sucked in $330mn. So what do we know?...
...Ark said it was monitoring the situation “closely” and was “prepared to take additional action if warranted or necessitated”....
...Anyway, Ark Invest remains admirably transparent about what it’s doing....
...Scherer has been with Ark since 2014, his company biography says, and worked directly with Wood. Before joining Ark, he was as an intern at TIAA....
...Ark Invest declined to comment....
...OK OK but the rest of the Ark team has plenty of experience, so maybe the cavalier attitude to risk management is fine....
...What do you think — will the markets stay “irrational” longer than Ark can stay solvent?...
...ARK, as a fund specialising in speculative technology stocks, was no different....
...Wood says Ark’s research on innovation is “the best in the financial world.” And then there’s Ark’s footprint in the marketplace....
...Ark did not immediately respond to a request for comment....
...But there is room to question Wood’s declaration of Ark Invest’s higher purpose....
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