ARK Files Neobanks ETF Targeting Digital Banking Disruption

ARK Investment Management has filed to launch the ARK Neobanks ETF, targeting companies reshaping retail banking through mobile-first financial services. The actively managed fund will focus on licensed digital banks, crypto-native financial platforms, buy-now-pay-later providers and remittance lenders, while generally excluding traditional diversified banks and payment networks. The strategy covers companies involved in digital lending, savings, payments and investment services, seeking exposure to businesses benefiting from the transition away from physical bank branches. The fund expects to obtain much of its exposure through total return swaps, alongside direct equity investments and potentially private securities