The exchange-traded fund (ETF) provides income-oriented exposure to its innovation equity universe through an actively managed autocallable structure targeting a 17.5% coupon.

Ark Investment Management has launched the Ark Active Autocallable Income ETF (ARKY), which has begun trading on the Cboe BZX Exchange. ARKY targets an annual coupon of 17.5% The firm said that the fund is designed to combine its innovation-focused equity universe with a systematic volatility-harvesting strategy aimed at generating income through the market price movements of the underlying stocks. Ark said ARKY targets an annual coupon of 17.5% and is structured to provide investors with a