NEW YORK, Dec. 20, 2019 /PRNewswire/ -- ARK Investment
Management LLC (ARK or ARK Invest), a New York-based
investment adviser focused solely on disruptive innovation in the
public equity markets, announced today plans to change the primary
listing venue of the ARK Genomic Revolution ETF (ARKG) and the ARK
Autonomous Technology & Robotics ETF (ARKQ) from the NYSE Arca,
Inc. to the Cboe BZX Exchange, Inc. ARK anticipates that ARKG and
ARKQ will begin trading on the Cboe BZX Exchange, Inc. under their
current ticker symbols on December 31,
2019. No shareholder action is required as a result of this
change.
ARK's full suite of seven exchange traded funds (ETFs) also
includes two additional ETFs listed on the Cboe BZX Exchange, The
3D Printing ETF (PRNT) and the Israel Innovative Technology ETF
(IZRL), as well as three ETFs that remain on the NYSE Arca, the ARK
Innovation ETF (ARKK), the ARK Next Generation Internet ETF (ARKW),
and ARK Fintech Innovation ETF (ARKF). Each fund seeks to identify
large-scale investment opportunities resulting from technologically
enabled disruptive innovation. As of November 30, 2019, ARK's ETFs had approximately
$3.1 billion assets under management
(AUM).
"Through our exchange traded funds, ARK seeks to provide
investors of all sizes a liquid and cost-efficient vehicle to
access long-term growth," says Tom
Staudt, ARK's Chief Operating Officer. "We believe that the
companies in our strategies are creating and benefitting from the
most exciting growth opportunities in the economy, but do not
represent a significant weight in most portfolios."
Since launching its first funds in 2014, ARK now provides
investment management services across four continents, including
North America, Asia, Australia, and Europe. The firm offers a range of investment
vehicles including ETFs, institutional and retail separately
managed accounts, US and international mutual funds, and a UCITS
fund. As of November 30, 2019, ARK's
AUM was approximately $11.1
billion,1 an indication that ARK's active
approach to investing and focus on disruptive innovation is unique
to the industry and driving its success. ARK most recently launched
the ARK Fintech Innovation ETF (ARKF) in February 2019 and made its full suite of actively
managed ETFs available in Canada
with its partner Emerge Canada Inc. Listed on the NEO Exchange, the
Funds include: Emerge ARK Global Disruptive Innovation ETF (EARK),
Emerge ARK Genomics & Biotech ETF (EAGB), Emerge ARK Fintech
Innovation ETF (EAFT), Emerge ARK AI & Big Data ETF (EAAI), and
the Emerge ARK Autonomous Tech & Robotics ETF (EAUT).
About ARK Investment Management LLC
Headquartered
in New York City, ARK Investment Management LLC is a federally
registered investment adviser and privately held investment firm
with approximately $11.1 billion assets under management
as of November 30, 2019. Specializing in thematic investing in
disruptive innovation, the firm is rooted in over 40 years of
experience in identifying and investing in disruptive innovations
that should change the way the world works and deliver outsized
growth as industries transform. Through its open research process,
ARK identifies companies that it believes are leading and
benefiting from cross-sector innovations such as robotics, energy
storage, DNA sequencing, artificial intelligence, and blockchain
technology. ARK's investment strategies include: Autonomous
Technology and Robotics, Next Generation Internet, Genomic
Revolution, Fintech Innovations, 3D Printing, Israel Innovative
Technology, Mobility-as-a-Service, Space Exploration, and the
overall ARK Disruptive Innovation Strategy.
In July 2016, Resolute Investment Managers, Inc., the
parent company of American Beacon Advisors, Inc., announced that it
had taken an investment of a minority interest in ARK.
In August 2017, Nikko Asset Management ("Nikko AM") acquired a
minority stake in ARK to enhance its disruptive innovation focused
investment solutions. These partnerships are providing ARK with
distribution across the United States and the Asia
Pacific regions.
For additional information regarding ARK's funds, please
visit http://www.ark-funds.com.
For more information regarding ARK's research and advisor
services, please visit http://www.ark-invest.com.
Distributor: Foreside Fund Services, LLC
Investors should carefully consider the investment
objectives and risks as well as charges and expenses of an ARK ETF
before investing. This and other information are contained in the
ARK ETFs' prospectuses, which may be obtained by visiting
www.ark-funds.com. The prospectus should be
read carefully before investing.
Companies that ARK believes are capitalizing on disruptive
innovation and developing technologies to displace older
technologies or create new markets may not in fact do so. Companies
that initially develop a novel technology may not be able to
capitalize on the technology. These companies may also be exposed
to risks applicable to sectors other than the disruptive innovation
theme for which they are chosen, and the securities issued by these
companies may underperform the securities of other companies that
are primarily focused on a particular theme.
The principal risks of investing in the ARK ETFs include:
Equity Securities Risk. The value of the equity
securities the ARK ETF holds may fall due to general market and
economic conditions. Foreign Securities Risk. Investments in
the securities of foreign issuers involve risks beyond those
associated with investments in U.S. securities. Health Care
Sector Risk. The Health Care Sector may be affected by
government regulations and government health care programs.
Industrials Sector Risk. The industrials sector includes
companies engaged in the aerospace and defense industry, electrical
engineering, machinery, and professional services. Financial
Technology Risk. Companies that are developing financial
technologies that seek to disrupt or displace established financial
institutions generally face competition from much larger and more
established firms. Fintech Innovation Companies may not be able to
capitalize on their disruptive technologies if they face political
and/or legal attacks from competitors, industry groups or local and
national governments. A Fintech Innovation Company may not
currently derive any revenue, and there is no assurance that such
company will derive any revenue from innovative technologies in the
future. Financial Sector Risk . The factors that impact the
financial sector will likely have a greater effect on this Fund
than on a fund with less exposure to such sector. Information
Technology Sector Risk. Information technology companies face
intense competition, both domestically and internationally, which
may have an adverse effect on profit margins. Cryptocurrency
Investment Risk. ARKW may have exposure to cryptocurrency, such
as bitcoin, indirectly through an investment in a grantor trust
(e.g., the Grayscale Bitcoin Trust (BTC)) that will experience any
associated volatility of the underlying cryptocurrency. The Fund's
exposure to cryptocurrencies may change over time and, accordingly,
such exposure may not always be present in the Fund's portfolios.
Cryptocurrencies such as bitcoin are not ''fiat'' currencies of any
central bank or government and currently are not subject to the
authority of any central bank or government authority and are
therefore not backed by any government, and regulatory and tax
treatment of cryptocurrencies continues to develop. Please see the
ARK ETFs' current prospectuses for more detailed descriptions of
the risks of investing in the ARK ETFs.
1 This number includes the assets that are
managed by others using our nondiscretionary model portfolios. ARK
does not include assets managed by other persons based on
non-discretionary model portfolios provided by ARK in the
calculation of our regulatory assets under management
Contact: Shaina Tavares,
646-808-3731, shaina@dlpr.com
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SOURCE ARK Investment Management LLC