In a strategic move designed to strengthen its foothold in Europe's burgeoning trend-focused investment market, ARK Investment Management announced on Wednesday that it has acquired Rize ETF Limited, a prominent issuer of exchange-traded funds. This acquisition forms part of ARK's broader strategy to leverage innovative investment themes, a tactic consistently championed by the company's founder, Cathie Wood.
Discover the next big thing in the financial world as we dive into the future of Fintech investing. Learn about the growth potential, risks, and ETF strategies to make the most of your Fintech investments.
Bold bets on high-flying technology stocks by ARK Invest founder and chief executive Cathie Wood have destroyed an estimated $1.3 billion in shareholder wealth over the past decade, a Morningstar analysis published this week found.