ARK Investment Management LLC acquired 68% stake in Rize Etf Limited from AssetCo plc (AIM:ASTO) for £10.5 million on September 19, 2023. The existing name and brand of Rize ETF will be phased out, and the platform will transition into "ARK Invest Europe", which will be a division of ARK Invest Limited. ARK Invest Europe will serve as the hub for ARK's expansion into the Europe, the UK and new markets globally. Under the new ARK Invest Europe platform, existing Rize ETF index products will remain available. ARK Invest Europe will continue to uphold the high standards of investment research, portfolio management, and client service for which ARK is known, all while tapping into Rize ETF's deep expertise covering the full lifecycle of ETFs beginning with product strategy and index development, legal and regulatory, tax, portfolio management and operations, capital markets, research and marketing & distribution. As part of this agreement, ARK and AssetCo will partner to support the launch, on the newly established ARK Invest Europe platform, of several ETF products for the River and Mercantile business, AssetCo's active equity asset management subsidiary.

ARK Investment Management LLC completed the acquisition of 68% stake in Rize Etf Limited from AssetCo plc (AIM:ASTO) on September 19, 2023.