Cathy Wood ties up with this investment bank to offer Arc Invest’s ETFs in Canada – ARK Genomic Revolution ETF (BATS: ARKG), ARK Innovation ETF (ARCA: ARKK)

Cathy Wood Arc Invest this week announced an agreement with Canadian investment manager BMO Capital Markets.

What happened: St. Petersburg, Florida-based Arch said it will partner with BMO to offer three of its existing ETFs to investors in Canada.
The fund’s flagship is among the three Arch ETFs launched on the Toronto Stock Exchange Arch Innovations ETF ARKKThe Ark Genomic Revolution Fund arkg And this Arc Next Generation Internet Fund ARKW,

Funds managed by ARK commenced trading on Thursday.

Zoom Video Communications, Inc. ZM, Tesla, Inc. TSLA And Roku, Inc. stop ARKK and ARKW are among the top holdings of both.

See Also: How To Invest Like Cathy Wood

Why this is important: BMO ETFs has been one of the leading ETF providers in Canada with more than 100 strategies and more than 25% market share in Canada and $80.6 million in assets under management, the companies said in the release announcing the partnership.

“Leveraging BMO’s powerful scale and distribution network, we are proud to make our existing ETF strategies available to more investors in Canada by launching the BMO ARK Fund,” said Wood.

Arc Invest primarily invests in technology, particularly technology disruptions given their potential to drive incumbents out of business.

Arc already has a presence in Canada after partnering with Emerge, an independent ETF provider. Since distribution is important to reach customers, Ark chose to partner with BMO, the Globe and Mail.

US-traded ARKK closed at $36.56, down 1.51% in Friday’s session, according to data from Benzinga Pro.

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