ARK Invest acquires Rize ETF

ARK Invest has announced that it has acquired Rize ETF, intending to expand its footprints in the European market. The acquisition aligns with the goal of global expansion with the intention of introducing innovation-based active equity ETFs to investors in the European market. Moving forward, ARK Invest is planning to launch its actively managed strategies in the said market by the end of 2023.

The sole reason ARK Invest chose Rize ETF is because it is the industry leader in sustainable investment. Strategic in nature, the acquisition aims to cater to the demands of the European market with a deep commitment to research.

It is obvious that ARK Invest benefits from this by way of an increased presence. However, what could be less talked about is the manner in which Rize ETF benefited from the strategic deal.

ARK Invest will enhance the present capabilities of Rize ETF through this acquisition so that the platform can deliver more than it currently does. Consequently, it enhances the experience of its European customers. The platform will gradually become ARK Invest Europe. Meaning, the current name, Rize ETF, will be phased out. What becomes a new brand name will be identified as a division of ARK Invest Limited LLC.

It will further be used to expand in Europe, the UK, and other markets across the world. The acquisition won’t have an impact on the listed products. The same cannot be said about modification, which will only become tangible in the days to come. Modification, here, refers to making slight or heavy changes to the current line-up of products and services.

All the current employees will be absorbed under ARK Invest Europe. The focus will be shifted to ensuring the changed brand expands in the market.

The strategic acquisition of Rize ETF by ARK Invest is driven by the acknowledgment that they have a mutual passion for innovation in the investment landscape. Also, they share common ground when it comes to strengths. Together, they will work to satiate the growing appetite of the European market.

Acquiring Rize ETF will not affect the product line-up of ARK Invest, except that it will spread across the new brand. ARK Invest is sure that introducing its products in Europe will mark a notable step in the futuristic direction. Products will be launched by ARK Invest in a phased manner, with details awaited by the media.

Per the announcement, all the formalities of the acquisition have been completed. The acquisition is now formal as of September 19, 2023. Every relevant milestone has been achieved, and all regulatory approvals have been acquired.

ARK Invest venturing out to the European market has started on a positive note considering they now have Rize ETF by the side.

Trevor Holman

Trevor Holman follows crypto industry since 2011. He joined CryptoNewsZ as a news writer and he provides technical analysis pieces and current market data. He is also an avid trader. In his free time, he loves to explore unexplored places.

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