Kaspi in the ARK Invest ETF

Kaspi in ARK Invest's Exchange-Traded Fund

Kaspi.kz has been included in the exchange-traded fund of ARK Invest, founded by Cathie Wood. The company began purchasing the bank's shares on May 21. Immediately after the news was made public, Kaspi's shares rose by 18.7%.

Kaspi has been added to ARKF, which invests 80% of its capital in fintech companies. These include companies that derive a significant portion of their revenue from innovative technologies in the financial sector. Currently, the bank accounts for 0.5% of the entire fund.

We understand that for Kaspi, this resolves all questions about whether the bank is a fintech company or not. Cathie Wood's recognition will make the bank more attractive to investors, as already demonstrated by the rise in its stock price.