Cathie Wood’s ARK Invest Europe will launch three active ETFs next month including its flagship $7.5bn ARK Innovation ETF (ARKK).
Speaking on a recent webinar, Stuart Forbes, head of ARK Invest Europe said: “We will be launching three new actively managed ETF strategies in April which you will be very familiar with if you know the US funds.”
The group entered the European market following its acquisition of Rize ETF in September last year.
It previously said it was looking to launch the active strategies in Q1 with ARKK being a key focus.
“In terms of our plans in Europe, the immediate focus is launching the new products,” Forbes said.
“We are also developing additional product ideas, we were recently in the US to get around the table to define new product lines in the US and Europe, so watch this space.
“You will still see self-indexed products coming out but you will also see a lot of collaboration in the active space.”
ARKK has risen from $6.5bn to $7.5bn in the five months since the acquisition, mainly down to market gains, with the ETF returning over 32% since the start of October.
Returns have not stemmed outflows, however, with investors pulling over $1.6bn since the start of 2023, according to data from ETF.com.
Rize ETF to become ‘sustainable sub-brand’
The group also confirmed that it would not be ditching the original Rize ETF brand, turning it into a “sustainable sub-brand” of ARK Invest Europe.
“Rize ETF will live on as a sub-brand of ARK Invest Europe as a sustainable sub-brand which we can express further product development, not just in Europe but in other global jurisdictions as well,” Forbes said.
The group had previously said the acquisition means it could be more “explicit” in its approach to ESG.
Last month, ETF Stream announced Wood will be joining ETF Ecosystem Unwrapped 2024 as the closing keynote speaker for Day 1 on 22 May.
