AllianceBernstein Plans ETF Cathie Wood Pitched a Decade Ago
- Company entered exchange-traded fund industry two months ago
- Wood had raised idea of active ETFs to AB before starting ARK
Cathie Wood
Photographer: Eva Marie Uzcategui/BloombergThis article is for subscribers only.
About a decade ago, Cathie Wood pitched her then-employer AllianceBernstein Holding LP on the idea that its thematic strategies could be deployed using actively managed ETFs. The firm didn’t bite, so she left to chart her own course.
Now, after Wood founded her own firm and created a suite of active innovation-themed funds that she’s become renowned for, AllianceBernstein is planning its own “disruptors” ETF that seeks to target innovative companies.