Cathie Wood’s Ark Investment Management is launching its first three active exchange traded funds in Europe, courting a new continent of investors after a run of poor performance and outflows in the US.
The investor known for highly concentrated and volatile portfolios capable of massive gains and losses plans to bring her flagship strategy to several European exchanges starting on Thursday, Ark said in a statement.
The migration to Europe comes as Ark has lost market share in the $8.9tn US ETF market over the past year. Investors have pulled about $2.7bn in the past year, including more than $1.8bn in outflows the first three months of 2024, according to data from Morningstar.
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