NEW YORK, Nov. 21, 2017 /PRNewswire/ -- ARK Investment
Management LLC (ARK), a New York
based investment adviser focused solely on disruptive innovation,
today announced the three-year anniversary of its suite of actively
managed equity exchange traded funds (ETFs). The four funds were
introduced in the fall of 2014, and include the ARK Industrial
Innovation ETF (ARKQ), the ARK Web x.0 ETF (ARKW), the ARK
Innovation ETF (ARKK) and the ARK Genomic Revolution Multi-Sector
ETF (ARKG).
ARKK and ARKW have been recognized for their performance in 2017
as both funds delivered year to date returns of more than 70%,
according to Bloomberg.
ARK's actively managed ETFs, which have outperformed the
broadbased markets since inception, aim to deliver long-term
capital appreciation and outperformance with a low correlation of
relative returns to traditional investment strategies by investing
exclusively in disruptive innovation.
"ARK believes true innovation is key to the long-term growth of
company revenues and profits, and in many cases presents
exponential growth opportunities," said Catherine Wood, ARK's Founder, CEO, and CIO.
"Our incisive investment process and active management of
high-conviction portfolios allow us to capitalize on rapid change,
and to avoid industries and companies likely to be displaced by
advances in technology."
"Our research ecosystem is designed specifically to capitalize
on rapid change through an open approach and the convergence of
insights," said Brett Winton, ARK's
Director of Research. "A combination of top-down and bottom-up
research allows us to identify disruptive innovation early. We then
size the opportunity of the innovation, and detect and rank
companies best positioned to benefit."
The ARK Industrial Innovation ETF (ARKQ) captures the rapidly
converging industrial and technology sectors. ARKQ recognizes that
autonomous vehicles, robotics, 3D printing, and energy storage
technologies are enhancing productivity and reducing costs,
stimulating significant unit growth, which ultimately should
transform the manufacturing landscape. As of October 31, 2017, ARKQ has returned 52.6% YTD and
18.4% annualized since inception, outperforming the annualized
returns of both the S&P 500 Index at 11.2% and the MSCI World
Net Index at 8.0%.
The ARK Web x.0 ETF (ARKW) identifies next generation internet
innovations like artificial intelligence, cloud computing,
cryptocurrencies, and blockchain technology. ARKW also has
outperformed, returning 72.1% YTD and 29.2% annualized since
inception.
The ARK Genomic Revolution Multi-Sector ETF (ARKG) captures the
convergence of technology and health care. ARKG has returned 52.2%
YTD and 8.9% annualized since inception, continuing to rebound from
the political campaign and post-election rhetoric around drug
pricing.
The ARK Innovation ETF (ARKK) is built on the cornertstone
investments across all of the firm's innovation themes. ARKK has
returned 76.7% YTD and 21.8% annualized since inception.
Since launching in 2014, ARK's ETFs have grown to more than
$500 million, which includes The 3D
Printing ETF (PRNT), launched in July of 2016. American Beacon
Advisors, Inc. is the exclusive U.S. distribution arm for the ARK
Invest suite of five ETFs.
As of September 30, 2017, The ARK
Industrial Innovation ETF (ARKQ) returned 41.94% NAV and 42.29%
Market on a one year basis and 17.01% NAV and 17.12% Market, since
its inception on September 30, 2014
(annualized). The ARK Web x.0 ETF (ARKW) returned 58.35% NAV and
58.57% Market on a one year basis and 27.53% NAV and 27.64% Market,
since its inception on September 30,
2014 (annualized). For the same period, the S&P 500
Index retuned 18.60% on a one year basis and 10.68% since the
Funds' inception on September 30,
2014 (annualized), while the MSCI World Net Index returned
18.17% on a one year basis and 7.60% since the Funds' inception.
The ARK Genomic Revolution Multi-Sector ETF (ARKG) returned 31.58%
NAV and 31.73% Market on a one year basis and 9.66% NAV and 9.75%
Market, since its inception on October 31,
2014 (annualized). The ARK Innovation ETF (ARKK) returned
54.27% NAV and 54.59% Market on a one year basis and 21.06% NAV and
21.24% Market, since its inception on October 31, 2014 (annualized). For the same
period, the S&P 500 Index retuned 18.60% on a one year basis
and 10.64% since the Funds' inception on October 31, 2014 (annualized), while the MSCI
World Net Index returned 18.17% on a one year basis and 8.08% since
the Funds' inception.
Past performance does not guarantee future results. The
performance data quoted represents past performance and current
returns may be lower or higher. The investment return and principal
will fluctuate so that an investor's shares when redeemed may be
worth more or less than the original cost. Returns for less
than one year are not annualized. As stated in the ARK ETFs'
current prospectuses, the expense ratio for each ARK Active ETF is
0.75%. The expense ratio for PRNT is 0.66%. Additional information
about fees and expense levels can be found in the ARK ETFs'
prospectuses. For the most recent month end performance please call
212-426-7040 or visit www.ark-funds.com.
About ARK Investment Management LLC
Headquartered in
New York City, ARK Investment
Management LLC is a federally registered investment adviser and
privately held investment firm with approximately 2.2 billion
assets under management as of October 31,
2017. Specializing in thematic investing in disruptive
innovation, the firm is rooted in over 40 years of experience in
identifying and investing in disruptive innovations that should
change the way the world works and deliver outsized growth as
industries transform. Through its open research process, ARK
identifies companies that it believes are leading and benefiting
from cross-sector innovations such as robotics, 3D printing, big
data, machine learning, blockchain technology, cloud computing,
energy storage, and DNA sequencing. ARK's investment strategies
include: Industrial Innovation, Next Generation Internet, Genomic
Revolution, Fintech Innovations, 3D Printing, Israel Innovative
Technologies, and the overall ARK Disruptive Innovation
Strategy.
In July 2016, Resolute Investment
Mangers, Inc., the parent company of American Beacon Advisors,
Inc., announced that it had taken an investment of a minority
interest in ARK. In August 2017,
Nikko Asset Management ("Nikko AM") acquired a minority stake in
ARK to enhance its disruptive innovation focused investment
solutions. This partnership is providing ARK with distribution in
Japan and the Asia Pacific, and was a natural progression
from the success of the ARK subadvised Nikko Global Fintech Equity
Fund which launched in Japan in
December 2016.
For additional information regarding ARK's funds, please
visit http://www.ark-funds.com.
For more information regarding ARK's advisor services, please visit
http://www.ark-invest.com.
ARK can be followed on Twitter at @ARKInvest. Catherine D. Wood can be followed on Twitter at
@CathieDWood. ARK's Director of Research, Brett Winton, can be followed on Twitter at
@wintonARK. ARKs analysts can be followed on Twitter at @TashaARK,
@skorusARK, @jwangARK, @juliahARK, @bhavanaARK, and @msamyARK.
Investors should carefully consider the investment objectives
and risks as well as charges and expenses of an ARK ETF before
investing. This and other information are contained in the ARK
ETFs' prospectuses, which may be obtained by visiting
www.ark-funds.com. The prospectus should be read carefully before
investing.
The principal risks of investing in the ARK ETFs include: Equity
Securities Risk. The value of the equity securities the ARK ETF
holds may fall due to general market and economic conditions.
Foreign Securities Risk. Investments in the securities of foreign
issuers involve risks beyond those associated with investments in
U.S. securities. Health Care Sector Risk. The Health Care Sector
may be affected by government regulations and government health
care programs. Industrials Sector Risk. The industrials sector
includes companies engaged in the aerospace and defense industry,
electrical engineering, machinery, and professional services.
Information Technology Sector Risk. Information technology
companies face intense competition, both domestically and
internationally, which may have an adverse effect on profit
margins. Detailed information regarding the specific risks of the
ARK ETFs can be found in the ARK ETFs' prospectuses.
Risks specific to PRNT include Index Tracking Risk. The returns
of the ETF may not match the returns of the underlying index that
the ETF is designed to track.
Net asset value ("NAV") returns are based on the dollar value of
a single share of the ETF, calculated using the value of the
underlying assets of the ETF minus its liabilities, divided by the
number of shares outstanding. The NAV is typically calculated at
4:00 pm Eastern time on each business
day the New York Stock Exchange is open for trading. Market returns
are based on the trade price at which shares are bought and sold on
the NYSE Arca, Inc. using the last share trade. Market performance
does not represent the returns you would receive if you traded
shares at other times.
Contact: Shaina Lamb,
1-646-808-3731, shaina@dlpr.com
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SOURCE ARK Investment Management LLC
