The other ark funds canāt be added because they are not UCITS compliant. I think there will be a long wait for Ark innovation. There seems to be difficulty in adding US etfs. The WCLD etf has been requested for several months now.
Thanks for the reply Nick, Iāll have to invest through a different company in that case, at least in the short term
Which company are you going to use to invest in ARK?
Iāve tried through Fidelity & Degiro but to no availā¦ I assume the same issues as quoted above
Do you fully understand what the issue is?
1 Like
Unfortunately not, Iām hoping an admin may be able to enlighten us
ARK (so far) refuse to comply with EU law. Thus itās illegal to sell their products in the EU (with some caveats).
We donāt need an admin, Iām suggesting you become familiar with the products and assets you want to invest in. A lot of people āgoing in blindā at the minute and thatās bloody dangerous if you donāt understand what youāre getting into.
UCITS is specific to Europe and so applies to European mutual funds and securities. If an ETF is not UCITS compliant it canāt be marketed and/or sold here.
3 Likes
Itās seems complicated for US funds that are UCITS compliant. Both WCLD and Ark innovation say they are compliant:
Iām really not sure what makes it complicated. But weāll just have to be patient.
Unpopular opinion: Hopefully with Brexit, once we are free to make our own laws again we can make some deals with the US. But then again, UK is probably more of a nanny state than the EU. So who knows.
WCLD wonāt be an issue. Thatās fine. Can be traded in Europe.
No ARK funds currently produce the European mandatory KIID.
Thatās your issue.
3 Likes
There is one, I seem to remember it was the Ark Innovation one, that did produce KIIDs if you accessed it through an intermediary, but that was quite expensive.
Here is the link:
https://community.trading212.com/t/igv-igm-arkk-and-arkw/4698/8?u=equityinvestor
1 Like
I could be wrong. But I thought that having a kiid is requirement of being a ucits compliant fund.
Nope. You can UCITS but not kiids.
Kiids are mandated by mifid and priips regs not UCITS
1 Like
Super interesting. Nice find. But thatās not gonna fly as a KIID as far as I can see
1 Like
If you access Ark Innovation through Nikko, it does have a KIID.
See the post I linked earlier.
Edit: @Finky, why does that not qualify?
You mean the one headed āPRESS RELEASEā ?
Or am I missing another link to a KIID?
I stand corrected
In which case ARK are presumably wrong about their status as UCITS compliant or they are failing in their obligation to create a KIID
Super weird
I think this is it 
.
1 Like
This also looks super weird. Wth is a sub fund.