ARK Investment Management LLC (ARK) is a New York based federally registered investment adviser that offers registered and unregistered investment products focused on disruptive innovation, including a suite of exchange-traded funds (ETFs). They have launched The 3D Printing ETF (Bats: PRNT). PRNT is said to be the first, and only, ETF in the U.S. to focus solely on the 3D printing ecosystem. PRNT is listed on the BATS ETF Marketplace and will rebalance on a quarterly basis.
ARK believes 3D printing will revolutionize manufacturing by collapsing the time between design and production, reducing costs, and enabling greater design complexity, accuracy and customization than traditional manufacturing. While 3D printing is a $5.2 billion market today, ARK estimates that it could grow to more than $40 billion by 2020 and McKinsey projects a growth of up to $490 billion by 2025.
“ARK’s research shows that the 3D printing industry has one of the highest growth projections in the economy,” Catherine D. Wood, ARK Founder, Chief Executive Officer and Chief Investment Officer, said. “As the technology evolves and costs continue to decline, the 3D printing industry has the potential to steal market share from traditional manufacturing and transform every sector of the economy. We are excited to bring this truly innovative fund to the market!”
Laura Morrison, Bats Global Markets Senior Vice President, Global Head of Exchange-Traded Products, said, “We are excited to welcome an innovator like ARK as a new issuer on the Bats ETF Marketplace and we look forward to a successful partnership.”
PRNT tracks the Total 3D-Printing Index which includes companies that are the worldwide leaders in 3D printing and related businesses such as Computer-Aided Design and simulation software, service centers, scanning and measurement, and materials. Fund holdings are driven by ARK’s original research and span sectors, industries, and market caps.
Aside from The 3D Printing ETF (PRNT) ARK continues to expand its commitment to disruptive innovation through various investment solutions, including active and index ETFs. ARK’s current ETF offerings include: the ARK Industrial Innovation ETF (NYSE: ARKQ), ARK Web x.0 ETF (NYSE: ARKW), ARK Multi-Sector Genomic Revolution ETF (NYSE: ARKG), ARK Innovation ETF (NYSE: ARKK), and has filed for the ARK Israel Innovative Technology ETF (Bats: IZRL). ARKQ and ARKK also provide exposure to 3D printing companies.
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, specializing in thematic investing in disruptive innovation. The firm is rooted in over 50 years of experience in identifying and investing in disruptive innovations that are changing the way the world works and delivering outsized growth as industries transform. Through its open-source 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.