Cathie Woods Ark Invest this week announced a deal with Canadian investment manager BMO Capital Markets.

What happened: Ark, based in St. Petersburg, Fla., said it will work with BMO to offer three of its existing ETFs to investors in Canada.
One of the three Ark ETFs to list on the Toronto Stock Exchange is the fund’s flagship Ark Innovation ETF ARKKthe Ark Genomic Revolution Fund ARKG and the Ark Next Generation Internet Fund ARKW.

Funds managed by ARK began trading on Thursday.

Zoom Video Communications, Inc. ZM, Tesla, Inc. TSLA and Roku, Inc. ROKU belong to the top holding of ARKK and ARKW.

See also: Invest like Cathie Wood

Why it matters: BMO ETF is one of Canada’s leading ETF providers with over 100 strategies and over 25% market share in Canada and $80.6 million in assets under management, the companies said in the press release announcing the partnership .

“We are proud to make our existing ETF strategies available to more investors in Canada through the launch of the BMO ARK Funds, leveraging BMO’s strong scale and distribution network,” said Wood.

Ark Invest invests predominantly in technology, particularly tech disruptors as they can put incumbents out of business.

Ark already has a presence in Canada, having partnered with Emerge, an independent ETF provider. Because distribution is key to accessing customers, Ark chose to partner with BMO, the Globe and Mail reported.

US-traded ARKK closed Friday’s session at $36.56, down 1.51% Benzinga Pro data.

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