The hottest query on Ark Invest’s website has nothing to do with investing within the U.S., in keeping with the agency’s CEO and Chief Investment Officer Cathie Wood.
“The No. 1 query on our website as we observe these questions is: Why cannot we purchase your methods in Europe?” the tech investor instructed CNBC’s “ETF Edge” this week.
Wood’s agency expanded its publicity to Europe final month by buying the Rize ETF Limited from AssetCo.
“We discovered this little gem of an organization within AssetCo, which philosophically and from a DNA point-of-view, may be very very like Ark,” Wood mentioned. “They know what’s of their portfolios. They’re very targeted on the long run, thematically oriented. They do have a sustainable orientation, which is completely important in Europe.”
She speculates 25% of whole demand for Ark’s analysis methods comes from Europe.
“We’re terribly impressed with the standard of their [Rise ETF] personal analysis and due diligence,” Wood mentioned. “We noticed it throughout the deal, and I believe we’ll hit the bottom operating if the regulators approve our methods there. And, after all, we would wish to distribute their methods all through the world together with the US.”
Wood’s firm has round $25 billion in property below administration, in keeping with the agency. As of Sept. 30, FactSet experiences Ark’s high 5 holdings are Tesla, Coinbase, UiPath, Roku and Zoom Video.