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BMO Launches ARK-Managed ETF Series Focusing on Innovation

  • Products to debut amid a slump in risky assets, Fed tightening
  • Offerings to benefit from long-term trends, BMO’s Gopaul says
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BMO Investments Inc. is introducing a suite of innovation-focused funds that will be overseen by Cathie Wood’s ARK Investment Management, in a bet that investor appetite for growth-centered products will persist even after this year’s slump.

The arm of the Canadian lender is expanding its thematic fund offerings with three ETFs and three mutual funds, according to a press release Thursday. They’ll have mirroring tickers -- BMO ARK Genomic Revolution Fund (ticker ARKG), BMO ARK Innovation Fund (ARKK) and BMO ARK Next Generation Internet Fund (ARKW).