The most popular concern on Ark Invest’s site has absolutely nothing to do with purchasing the U.S., according to the company’s CEO and Chief Investment Officer Cathie Wood.
“The No. 1 question on our website as we track these questions is: Why can’t we buy your strategies in Europe?” the tech financier informed CNBC’s “ETF Edge” today.
Wood’s company broadened its direct exposure to Europe last month by getting the Rize ETF Limited from As setCo.
“We found this little gem of a company inside of AssetCo, which philosophically and from a DNA point-of-view, is very much like Ark,” Wood stated. “They know what’s in their portfolios. They’re very focused on the future, thematically oriented. They do have a sustainable orientation, which is absolutely essential in Europe.”
She hypothesizes 25% of overall need for Ark’s research study techniques originates from Europe.
“We’re awfully satisfied with the quality of their [Rise ETF] own research study and due diligence,” Wood stated. “We saw it during the deal, and I think we’re going to hit the ground running if the regulators approve our strategies there. And, of course, we’d like to distribute their strategies throughout the world including the US.”
Wood’s company has around $25 billion in properties under management, according to the company. As ofSept 30, FactSet reports Ark’s leading 5 holdings are Tesla, Coinbase, UiPath, Roku and Zoom Video
