ARK Investment Management Holds a Seminar in New York City to Stimulate Interest in Its 3D Printing ETF (PRNT)
PRNT, an ETF launched in July, attracted a crowd of about 50 investment managers at the BATS Exchange in New York City on Wednesday night, October 5th. The evening included a presentation by ARK manager Tasha Keeney explaining why ARK launched PRNT and predicting huge growth for the 3D printing industry.
“We created the Total 3D Printing Index to track the performance of the 3D printing market as a whole,” Keeney wrote of the ETF in September.
“3D Printing, or more broadly, additive manufacturing, is the process of building objects layer-by-layer instead of using a mold or removing material from a larger block. This allows for radically new part architectures, decreased costs, reduced weight, and shorter time to production.
ARK believes that continued innovations and improvements in material and printer capabilities will accelerate the adoption and create new applications for additive manufacturing. As the manufacturing industry faces increased pressure to cut cost and gain efficiencies, we think 3D printing provides the core value propositions of higher productivity, lower costs, and better agility.
ARK projects long-term growth opportunities are ahead! As with most disruptive technologies, there is an adjustment period: Let’s remember that it took a while for factories to realize the necessity of moving from the steam engine to electricity. It’s the same with 3D printing.”
PRNT has 32 stocks in its index and has attracted about $10 million of investments to date. ARK brought out several spokespeople from Autodesk, Local Motors, Stratasys and several other organizations who ably explained their respective offerings and validated Keeney’s predictions for 3D printing growth worldwide. PRNT is one of the few public funds in the market place for investors who desire to invest in the future of 3D printing.
An earlier attempt in the space was the 3D Printing and Technology Fund (a mutual fund) that launched in January 2014 but was shuttered in late 2015 after failing to attract more than only a few million dollars of investments.
You May Also Like
3YOURMIND Closes $12M Series A Funding Round, Set to Advance Industrial 3D Printing Solutions
German startup 3YOURMIND, which provides industrial 3D printing software solutions, has been busy over the last year since it won the formnext 2016 Start-up Challenge and expanded its services in the US...
Major HP Expansion: 3D Printing Business and Multi Jet Fusion Technology Expanding Across Asia-Pacific Region
From its introduction of blended reality Sprout platform to its innovative Multi Jet Fusion 3D printing technology, HP Inc. has been making major headway in 3D technologies. Ahead of last month’s RAPID...
3D Printing News Briefs: May 12, 2017
In this week’s second edition of 3D Printing News Briefs, we’ve got stories on 3D printing business, a new facility, and a couple of new products. The SYNNEX Corporation announced...
Safran and Prodways Group Announce Partnership to Develop Additive Manufacturing Processes and Materials
International high-technology group Safran, which has core businesses in aerospace, defense, and security, has just announced that it will partner up with French industrial-grade 3D printer manufacturer Prodways Group, in...