Nikko AM buys stake in US investment adviser
Nikko Asset Management has announced an acquisition of a minority stake in a US-based private investment firm, ARK Investment Management, to enhance its innovation investment solutions.
Under the terms of the deal, Nikko AM would obtain exclusivity to offer ARK products and investment strategies in Japan and the Asia-Pacific while its investment team would work closely with ARK’s analysts.
ARK, which uses an open research ecosystem to develop insights into disruptive innovation spanning different sectors and geographies, derives alpha by investing in leaders and enablers of disruptive technologies, with low overlap to broad-market indices.
The firm also launched five exchange traded funds (ETFs), including four active ETFs, investing in themes such as deep learnings and mobility-as-a-service.
Additionally, the company served as an adviser to Nikko AM’s Global Fintech Equity Fund, which was launched in Japan in 2016.
Nikko AM’s president and chief executive, Takumi Shibata, said: “We are extremely excited to welcome ARK to the Nikko AM family”.
“The established expertise of our in-house investment team combined with ARK’s strategies focused on disruptive technology and innovation enable progressive solutions for our clients.
“Our Global Fintech Fund is an example of the success we have already achieved together, and we are confident of more to come with this deepening of the connection,” he said.
As far as the shareholders’ structure was concerned, ARK’s founder and chief executive, Catherine D. Wood would continue to own a majority stake while the company’s strategic US partner, Resolute Investment Management would remain its minority shareholder.
AUTHOR
Oksana Patron
Recommended for you
LGT Wealth Management is maintaining a neutral stance on US equities going into 2026 as it is worried whether the hype around AI euphoria will continue.
Tyndall Asset Management is to close down the Tyndall brand and launch a newly-branded affiliate following a “material change” to its client base.
First Sentier has launched its second active ETF, offering advisers an ETF version of its Ex-20 Australian Share strategy.
BlackRock has revealed that its iShares bitcoin ETF suite has now become the firm’s most profitable product line following the launch of its Australian bitcoin ETF last month.
