Cathie Woods’ ARK lands on European shores with Rize ETF acquisition

Popular investor Cathie Woods is entering the European market with the acquisition of Rize ETF, but some investors are skeptical about the one-time pandemic darling's foray into the region's nascent ETF market. Wood's ARK Invest acquired Rize ETF, a provider of thematic and sustainable investing, from British asset and wealth management business AssetCo in a private deal for an undisclosed amount on Tuesday, it said in a statement. The Rize ETF brand will be phased out, as the platform transitions into "ARK Invest Europe".