ARK Invest, the fund management business founded by renowned investor Cathie Wood, has raised just $15m across the three European ETFs it unveiled in April — a figure some experts claim shows the US firm is finding other markets hard to crack.
Established by Wood in 2014 after she broke away from AllianceBernstein, ARK acquired London-based ETF provider Rize almost a year ago to spur a push into Europe.
