Ark Files To Offer 4 High-Tech Active ETFs

Hannah Tool
September 6, 2013

Ark ETF Trust, filed regulatory paperwork this week asking regulators for permission to market actively managed ETFs, beginning with four niche funds focused on companies doing business in a variety of technological frontiers.

The filing was made under an exemptive relief petition the Wilton, Conn.-based investment management firm filed earlier this year requesting permission to bring out actively managed ETFs that “primarily invest in debt and equity securities, including shares of other investment companies.”

The four proposed funds are:

  • The Ark Genomics Revolution ETF
  • The Ark Industrial Transformation ETF
  • The Ark Man + Machine ETF
  • The Ark Technology-as-a-Service ETF

The Ark Genomics Revolution ETF will be a biotech fund, the focus of which is to invest in a basket of securities that help to extend and enhance the quality of, “human and other life.”

The Ark Industrial Transformation ETF, an energy fund, will seek to capitalize on industry shifts in the ways energy is stored, used, discovered, or collected.

The Ark Man + Machine ETF will be “focused on man capitalizing on and perhaps competing with the productivity of machines” according to the prospectus.

Finally, the Ark Technology-as-a-Service ETF will invest in a basket of companies that focus on shifting the bases of technology infrastructure from hard- and software and into the cloud. These two funds will land in the tech sector.

All four funds will be actively managed by Ark, employing the advisor’s internal research and analysis, which “leverages insights from diverse sources, including internal and external research, to develop and refine its investment themes and identify and take advantage of trends” that impact the respective industry which each fund targets.

The funds will invest in a basket of small-to large-cap stocks, holding domestic and foreign securities. The prospectus mentioned that the foreign securities included in these funds may include emerging- or developed-market securities.

None of the funds has a ticker or price yet, but the prospectus did state that all four will have initial listing on the New York Stock Exchange’s electronic platform, Arca.


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