Firm Behind the Two Best Performing ETFs Adds a New Fund for Fintech
- Web and innovation funds gained over 30% annually over 3 years
- Firm’s new ETF plans to charge $7.50 for every $1,000 invested
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Ark Investment Management, which runs the two best performing exchange-traded funds over the last three years, is planning a new thematic ETF focused on technology for finance firms.
The product, the ARK Fintech Innovation ETF, will invest in companies working to change the way the financial sector operates, according to a regulatory filing. Ark already manages a similar strategy in Japan, where the firm acts as a sub-adviser to several Nikko Asset Management Co. mutual funds.