Nikko AM ARK Global Disruptive Innovation Fund

Nikko Asset Management Australia and US-based ARK Investment Management have launched the Nikko AM ARK Global Disruptive Innovation Fund, a global equity portfolio focused on disruptive innovation.

The fund invests in the leaders, enablers and beneficiaries of innovations centered on robotics, automation, energy storage, genomic sequencing, and next generation internet technologies.

ARK is an affiliate of Nikko AM via an equity stake acquired last year.

"The fund will enable Australian investors to access early-stage and emerging companies through listed global equity markets. We believe this offers long-term growth without the high costs and illiquidity typically associated with similar investments accessed through venture capital funds," Catherine Wood, founder and chief executive officer/ chief investment officer of ARK said.