ARK Invest acquires European ETF issuer Rize ETF Limited.

ARK Invest buys Rize ETF Limited, a European ETF issuer.

Source: ARK Investment Management Co., Ltd.; Translated by: Song Xue, LianGuai

ARK Invest LLC (“ARK Invest” or “ARK”) is the parent company of ARK Investment Management LLC, an investment management company led by CEO Cathie Wood. ARK Invest has acquired Rize ETF Limited, the first European ETF issuer.

This transaction marks an important milestone in ARK Invest’s global expansion strategy and paves the way for the company to launch its cutting-edge innovative ETF products to investors in Europe, the UK, and other regions under the UCITS framework. It also promotes the continued growth and expansion of Rize ETF’s thematic products.

Cathie Wood, Founder, Chief Information Officer, and CEO of ARK Invest, said, “Today’s acquisition further advances ARK Invest’s commitment to providing high-quality thematic investment solutions to global investors, especially those who cannot access our products in Europe.” “We believe that as new and young investors continue to gain access to ETFs through digital platforms and active ETFs increase market share by meeting the demand for innovative investment exposures, the European ETF market will present strong growth opportunities. We are delighted to welcome the talented Rize ETF team to the ARK family. Together, we can offer clients more diversified investment choices to invest in the future, and we will continue to educate investors and empower them to achieve their long-term financial goals.”

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Rize ETF is a leading provider of sustainable investments in Europe. Rize ETF was founded in 2019 by ETF pioneers Anthony Martin, Jason Kennard, Rahul Bhushan, and Stuart Forbes, focusing on creating high-quality, research-driven ETFs. The founders of Rize ETF are an experienced team of ETF experts with over 40 years of comprehensive ETF experience. They previously established European ETF businesses for ETF Securities (acquired by WisdomTree) and Legal & General.

Stuart Forbes, co-founder of Rize ETF, said, “This acquisition allows ARK to enter the European ETF market, leveraging our expertise in establishing multiple European ETF businesses.” “By leveraging ARK’s global network and our expertise in European distribution, our goal is to strengthen our collective impact globally. This move not only means business growth but also collaboration and exchange of best practices, insights, and strategies in global asset management.”

The existing name and brand of Rize ETF will be gradually phased out, and the platform will transition to “ARK Invest Europe,” which will be a division of ARK Invest Limited. ARK Invest Europe will serve as a hub for ARK’s expansion into new markets in Europe, the UK, and globally. Under the new ARK Invest Europe platform, the existing Rize ETF index products will remain available. ARK Invest Europe will continue to uphold the high standards of investment research, portfolio management, and client service for which ARK is renowned, while leveraging Rize ETF’s deep expertise to cover the entire lifecycle of ETFs, from product strategy and index development to legal and regulatory services, tax, portfolio management and operations, capital markets, research, as well as marketing and distribution.

ARK has acquired Rize ETF from AssetCo. AssetCo is a UK-based asset and wealth management company, primarily engaged in the acquisition, management, and operation of assets, wealth management activities, and other related services. As part of the agreement, ARK and AssetCo will collaborate to support the launch of a variety of ETF products targeted at River and Mercantile business (AssetCo’s active equity asset management subsidiary) on the newly established ARK Invest Europe platform. ARK is a minority shareholder owned by Nikko Asset Management.

As of August 31, 2023, Rize ETF manages $452 million in assets across 11 ETFs, all of which comply with SFDR Article 8 or Article 9 and are domiciled in Dublin, distributed throughout Europe. ARK manages approximately $25 billion in ETFs and other products globally.

More details regarding this acquisition will be announced in the coming weeks.

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