has sold a minority stake to
Financial advisor to ARK
ARK to sell minority interest to American Beacon Advisors to expand ETF distribution capabilities
July 14, 2016 – ARK Investment Management (ARK) announced an agreement to sell a minority interest to American Beacon Advisors. This represents American Beacon Advisors’ first acquisition since its divestiture from American Airlines in 2008.
ARK, founded in 2014, is an investment manager focused on thematic investing in disruptive innovation strategies and offers registered and unregistered products, including a suite of exchange-traded funds. The transaction meaningfully expands ARK’s ETF distribution capabilities across the US.
ARK is the first manager to join American Beacon’s new multi-affiliate investment management holding company.