Cathie Wood’s Ark Invest buys Rize ETF
The parent company of Ark Investment Management, Ark Invest, has acquired specialist ETF issuer Rize ETF from AssetCo. Rize ETF, which was founded in 2019, will be renamed Ark Invest Europe as part of the transaction, and will be positioned as a separate arm of Ark Invest. The firm’s purchase from UK asset management firm AssetCo,…