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.
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.
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SOURCE ARK Investment Management LLC