/C O R R E C T I O N -- ARK Investment Management LLC/
In the news release, ARK INVESTMENT MANAGEMENT LLC ANNOUNCES PRIMARY LISTING VENUE CHANGES FOR ARK INNOVATION ETF (ARKK), ARK NEXT GENERATION INTERNET ETF (ARKW), AND ARK FINTECH INNOVATION ETF (ARKF), issued 13-Mar-2025 by ARK Investment Management LLC over PR Newswire, we are advised by the company that the date in the 2nd paragraph should read March 31, 2025. The complete, corrected release follows:
ARK INVESTMENT MANAGEMENT LLC ANNOUNCES PRIMARY LISTING VENUE CHANGES FOR ARK INNOVATION ETF (ARKK), ARK NEXT GENERATION INTERNET ETF (ARKW), AND ARK FINTECH INNOVATION ETF (ARKF)ST. PETERSBURG, Fla., March 14, 2025 /PRNewswire/ -- ARK Investment Management LLC ("ARK") announced today plans to change the primary listing venue of three of its innovation ETFs from NYSE Arca, Inc. to the Cboe BZX Exchange, Inc. The three funds are:
- ARK Innovation ETF (ARKK): The flagship fund focused on disruptive innovation across multiple sectors, offering investors exposure to cutting-edge technologies shaping our future.
- ARK Next Generation Internet ETF (ARKW): A dynamic fund capturing the evolution of the internet, including AI-driven advancements and blockchain technologies.
- ARK Fintech Innovation ETF (ARKF): A forward-looking fund targeting companies at the forefront of the financial technology revolution.
ARK anticipates that these ETFs will begin trading on the Cboe BZX Exchange, Inc. under their current ticker symbols on or about March 31, 2025, although this date is subject to change. No shareholder action is required as a result of this change.
This move represents a natural progression in ARK's relationship with Cboe Global Markets, which has now become the primary listing venue for ARK's ETFs globally. This strategic partnership underscores ARK's commitment to providing investors with the most efficient and innovative investment vehicles possible.
About ARK Investment Management LLC
ARK Investment Management LLC is a federally registered investment adviser and privately held investment firm. Specializing in thematic investing in disruptive innovation, the firm is rooted in over 40 years of experience in identifying and investing in innovations that should change the way the world works. Through its open research process, ARK identifies companies that it believes are leading and benefiting from cross-sector innovations such as robotics, energy storage, multiomic sequencing, artificial intelligence, and blockchain technology. ARK's investment strategies include Autonomous Technology and Robotics, Next Generation Internet, Genomic Revolution, Fintech Innovation, Space Exploration & Innovation, 3D Printing, Israel Innovative Technology, the overall ARK Disruptive Innovation Strategy, and the ARK Venture Fund. For more information about ARK, its offerings, and original research, please visit www.ark-invest.com.
For additional information regarding ARK's funds, please visit http://www.ark-funds.com.
For more information regarding ARK's research and advisor services, please visit http://www.ark-invest.com.
Distributor: Foreside Fund Services, LLC
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.
Companies that ARK believes are capitalizing on disruptive innovation and developing technologies to displace older technologies or create new markets may not in fact do so. Companies that initially develop a novel technology may not be able to capitalize on the technology. These companies may also be exposed to risks applicable to sectors other than the disruptive innovation theme for which they are chosen, and the securities issued by these companies may underperform the securities of other companies that are primarily focused on a particular theme.
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. Financial Technology Risk. Companies that are developing financial technologies that seek to disrupt or displace established financial institutions generally face competition from much larger and more established firms. Fintech Innovation Companies may not be able to capitalize on their disruptive technologies if they face political and/or legal attacks from competitors, industry groups or local and national governments. A Fintech Innovation Company may not currently derive any revenue, and there is no assurance that such company will derive any revenue from innovative technologies in the future. Financial Sector Risk . The factors that impact the financial sector will likely have a greater effect on this Fund than on a fund with less exposure to such sector. Information Technology Sector Risk. Information technology companies face intense competition, both domestically and internationally, which may have an adverse effect on profit margins. Cryptocurrency Investment Risk. ARKW may have exposure to cryptocurrency, such as bitcoin, indirectly through an investment in a grantor trust (e.g., the Grayscale Bitcoin Trust (BTC)) that will experience any associated volatility of the underlying cryptocurrency. The Fund's exposure to cryptocurrencies may change over time and, accordingly, such exposure may not always be present in the Fund's portfolios. Cryptocurrencies such as bitcoin are not ''fiat'' currencies of any central bank or government and currently are not subject to the authority of any central bank or government authority and are therefore not backed by any government, and regulatory and tax treatment of cryptocurrencies continues to develop. Please see the ARK ETFs' current prospectuses for more detailed descriptions of the risks of investing in the ARK ETFs.
Contact: Shaina Lamb, 517-652-1296, shaina@dlpr.com
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