##  [# ARK Invest Europe Shuts First Rize ETFs](/sections/news/ark-invest-europe-shuts-first-rize-etfs) 

 

# ARK Invest Europe Shuts First Rize ETFs

 

 

ARK, which acquired Rize in September, said the move is in the best interests of investors.



 

 

 

 

 [![etf](/sites/default/files/styles/author_image_icon/public/2023-03/etf_com_logo.png?itok=tX9VZitZ "etf")](/contributors/theo-andrew) 

[By Theo Andrew](/contributors/theo-andrew)

 Nov 10, 2023

 Edited by: Mark Nacinovich

 

 

     Share  <a class="a2a a2a_button_email"> Email </a><a class="a2a a2a_button_linkedin"> LinkedIn </a><a class="a2a a2a_button_facebook"> Facebook </a><a class="a2a a2a_button_x"> X (Twitter) </a> 

 

 

 

 

 

 

 

 

  
            googletag.cmd.push(function() {
                googletag.display('js-dfp-tag-article_page_302x26');
            });
    
    

 

 

  

 



 

 

  Loading 

 

 



 

 

ARK Invest Europe will close four Rize ETFs, in a first sign of its intent on the continent following its acquisition by noted investor Cathie Wood’s [ARK](https://www.etf.com/topics/ark) Invest in [September](https://www.etfstream.com/articles/cathie-wood-s-ark-acquires-rize-etf).

In a shareholder notice, the group said the closure of the four [thematic ETFs](https://www.etf.com/etf-education-center/etf-basics/what-thematic-etf) was in the “best interests of the investors."

The four exchange-traded funds are:

- $1.1 million Rize Emerging Market Internet and Ecommerce UCITS ETF (EMRJ)
- $7.5 million Rize Education Tech and Digital Learning UCITS ETF (LERN)
- $13.9 million Rize Medical Cannabis and Life Sciences UCITS ETF (FLWR)
- $2.5 million Rize Pet Care UCITS ETF (PETZ)

LERN was launched in August 2020, and the remaining three ETFs were launched in February and March last year.

It said the group is using its ability to close the ETF after its first anniversary if its assets remained below $50 million for 30 consecutive days.

“The directors have determined to redeem all the shares and close the fund,” it said.

It added all four ETFs have a final trading date of Dec. 12 on the London Stock Exchange and investors will be required to redeem all of their shares by Dec. 20. The shares will be distributed eight days later.

The ETFs are the first Rize ETF products to be closed following the acquisition by ARK.

## Seven ARK ETFs Left in Europe

It leaves the [European](https://www.etf.com/topics/europe) arm of ARK Invest with seven ETFs with roughly $427 million in assets under management.

The group’s sustainable ETFs haven't been closed and it had previously stated it would be looking to develop its [ESG](https://www.etf.com/topics/esg), or environmental, social and governance, ETF range in Europe following the deal.

It is also expected to bring the flagship $5.9 billion [**ARK Innovation ETF (ARKK)**](https://www.etf.com/ARKK) to Europe [early next year](https://www.etfstream.com/articles/cathie-wood-s-flagship-ark-innovation-etf-to-launch-in-europe-next-year).

 
            googletag.cmd.push(function() {
                googletag.display('js-dfp-tag-in_article_unit');
            });
    
    

 

 



 

 

 [ Theo Andrew ](/contributors/theo-andrew) 

 

 

  Theo Andrew joined ETF Stream as a senior reporter in September 2021. He has over four years of investment writing experience spanning pensions and…   [View Bio](/contributors/theo-andrew)

 



 

 


 Related Topics  [Europe](http://www.etf.com/topics/europe) 

 [ARK](http://www.etf.com/topics/ark)