The US investment manager is jumping on the bandwagon in the autocallable exchange-traded funds (ETFs) space through a synthetic strategy plus potential memory feature.

ARK Investment Management (Ark Invest) is readying the launch of its first autocallable ETF by investing in its flagship innovation tracker and utilising swap agreements to access synthetic equity-linked notes (ELNs), according to its submission to the US Securities and Exchange Commission (SEC). The launch is proposed to become effective 75 days from its filing date of 27 October. It comes after GraniteShares and REX Shares unveiled their plans to enter the burgeoning autocall segment where Ca