Renowned American fund manager Cathie Wood is launching her exchange-traded index funds in Europe. She has appointed a new person in charge for Switzerland and the German-speaking countries abroad. ARK Invest Europe, the European subsidiary of the American fund company ARK Investment Management, has appointed Florian Berberich as the head of German-speaking sales.
Formerly with Bloomberg, Berberich is familiar with the region and has previously worked for the relatively small British provider Rize ETF as Deputy Director for Germany, Austria, and Switzerland (DACH). As reported, ARK (the acronym stands for “Active Research Knowledge”) acquired Rize ETF last September.
Now renamed, the company is set to serve as a springboard for the ambitious plans of ARK CEO Cathie Wood in the “Old Continent”. The financial manager, revered by her fans as the “world’s best investor”, is focusing primarily on the digital distribution of her exchange-traded index funds (ETFs) and on demand from a younger audience in Europe.
Interestingly, Wood is already active in a Swiss company. She is a board member of the fintech “unicorn” 21Shares, which listed the world’s first crypto ETF on the Swiss stock exchange SIX. 21Shares is expecting big news these days: The fintech wants to distribute a Bitcoin ETF in the USA and could already get the green light from the US Securities and Exchange Commission (SEC) on Wednesday.
Wood and 21Shares have been preparing the market launch for months. The American is supposed to pave the way for the Swiss startup in the USA. If the hopes for the Bitcoin ETF come true, this would once again speak for Wood’s ingenuity, who has made a name for herself as an early investor in the electric car manufacturer Tesla.
This News Article was automatically generated by Bob the Bot (AI)
| Information | Details |
|---|---|
| Geography | Europe |
| Countries | 🇺🇸 🇨🇠🇦🇹 🇩🇪 🇬🇧 |
| Sentiment | positive |
| Relevance Score | 1 |
| People | Florian Berberich, Cathie Wood |
| Companies | ARK Invest Europe, ARK Investment Management, 21Shares, Rize ETF, US-Börsenaufsicht SEC |
| Currencies | Bitcoin |
| Securities | None |
