Jul 19, 2016 | By Tess
New York based investment advisor firm ARK Investment Management LLC has just launched the very first and to date the only exchange-traded fund (ETF) for 3D printing. The new 3D printing ETF is listed as PRNT on BATS, the United States’ leading ETF marketplace. ARK also forecasts that the 3D printing industry market will jump from $5.2 billion to more than $40 billion by 2020.
ARK Investment Management is a federally registered investment advisor firm that has over the past 50 years specialized in recognizing and investing in emerging and potentially disruptive technologies and innovations. Their launch of the very first 3D printing exchange-traded fund is in itself a breakthrough that suggests that the additive manufacturing industry is just getting started.
Like many other investors, ARK Invest sees massive potential in 3D printing technologies, not only on a consumer desktop scale, but primarily on an industrial level, within the aerospace and healthcare sectors. The firm believes that additive manufacturing will bring about a manufacturing revolution by significantly reducing the time needed for design and production, while also reducing costs and materials. Additionally, the potentials for complex structural designs and the customization afforded by 3D modelling and 3D printing are worth noting as disruptive characteristics for the manufacturing sector.
The newly launched PRNT ETF, which comes with an expense ratio of 0.66%, will track the total 3D printing Index, which comprises of the world’s 3D printing industry leaders, as well as related sectors such as CAD and software developers, 3D scanning companies, materials manufacturers and service centers. According to a press release, the ETF’s fund holdings will be driven by ARK’s own open-source research, which covers a diverse range of industries and fields.
Catherine D. Wood, founder, CEO and CIO of ARK says of the new ETF, “ARK’s research shows that the 3D printing industry has one of the highest growth projections in the economy. As the technology evolves and costs continue to decline, the 3D printing industry has the potential to steal market share from traditional manufacturing and transform every sector of the economy. We are excited to bring this truly innovative fund to the market!”
Tom Staudt, director of product development at ARK added, “ARK focuses on disruption in the marketplace and on innovation. That’s really our starting place for any fund that we would launch.”
In addition to the 3D Printing ETF, ARK Investment Management also boasts a number of other ETFs, including one for Industrial Innovation listed as ARKQ on the New York Stock Exchange (NYSE), and the ARK Innovation ETF (NYSE: ARKK), both of which include elements from the 3D printing industry.
Posted in 3D Printing Technology
Maybe you also like:
- Eat Cambridge food festival to serve five-course 3D printed meal with Nufood 3D food printer
- New A$3.7M 3D bioprinting center to open doors in Australia
- 3D printing breakthrough makes low-cost flexible carbon nanotube sensors for wearables possible
- 3D Food Printing: VTT Finland to explore 3D printed snacks packed with nutrients
- Full color 3D models made faster and cheaper with computational thermoforming
- How to address safety concerns with metal 3D printing
- Dresden names itself the 3D printing capital of Europe
- New ORNL study: A full overview of metal 3D printing technologies and their bright future
- Donald Trump calls for integration of 3D printing, AI and cyberwarfare into US military
- Allforge seeks to create first true desktop factory with plastic and metal 3D molding machines
- 3D printing significant growth sector for CAD software businesses, Business Advantage survey reveals
3Ders.org provides the latest news about 3D printing technology and 3D printers. We are now seven years old and have around 1.5 million unique visitors per month.
