Jamison First

Main Menu

  • Home
  • Investments
  • Portfolio management
  • Wall street bets
  • Market watch
  • Capital

Jamison First

Jamison First

  • Home
  • Investments
  • Portfolio management
  • Wall street bets
  • Market watch
  • Capital
Wall street bets
Home›Wall street bets›Wall Street investor Cathie Wood is back with another new ETF

Wall Street investor Cathie Wood is back with another new ETF

By Sue Norton
December 9, 2021
0
0


Many investors are content to buy the biggest names in tech stocks, but Wood typically looks for big innovators in hot fields like fintech, robotics, and space. It is a high risk, high return strategy that has attracted followers on Wall Street.

Ark’s new ETF is aimed at companies that perform well in corporate transparency. It is called, unsurprisingly, the ETF Ark Transparency.
Unlike many other Ark funds, this ETF is index based and does not have stocks actively selected by Wood or other members of the Ark team. The fund joins two other index funds offered by Ark, one for 3D printing companies (PRNT) and another for Israeli tech stocks. (IZRL)
Giant chip Nvidia (NVDA), solar energy company Phase (ENPH) and communications technology company Max Linear (MXL) are among the main holdings of the Transparency fund.

But maybe having another new fund that tracks a passive index is a good thing for Ark’s investors?

After all, Ark’s flagship Innovation ETFs (ARKK), which relies heavily on risky companies such as You’re here (TSLA), Roku (ROKU), Zoom (ZM) and Coinbase, has fallen around 20% so far in 2021 … even as the broader market has hit record highs.
Ark ETF focused on fintech (ARKF) and the Internet (ARKW) stocks have also fallen more than 10% this year. A new space exploration fund is down nearly 15% since its “launch” in March. And one genome fund / health care (ARKG) plunged more than 30% in 2021.
Only managed assets Ark Autonomous Technology and Robotics ETF (ARKQ) is on the rise this year. But with only a gain of 5%, it is lagging behind the rest of the market.
Most Ark funds have jumped in 2019 and 2020, especially last year as Wood made big bets on companies like Roku and Zoom that took advantage of the stay-at-home trend during the pandemic. Virtual health business Teladoc (TDOC) is another stock from Ark.
However, the recent underperformance of Ark’s major funds has made some investors question whether Wood’s go big or go home strategy is no longer a winning formula. In fact, there is even a new ETF that specifically bets against Ark Innovation.
The Tuttle Capital Short Innovation ETF was launched last month. So far it has grown over 16% since its inception while ETF Ark Innovation has fallen 16% over the same period.


Related posts:

  1. US STOCKS-Wall Street on track to break 3-day losing streak as tech stocks rise
  2. ETF Wrap: Bitcoin miner or gold miner? Here’s where Wall Street winners put their bets
  3. Robinhood allows users to buy IPOs
  4. Church took part in the GameStop and Tesla craze, security deposits show
Previous Article

People gave thousands of dollars to an ...

Next Article

Newspaper publisher Lee rejects takeover bid for ...

  • Privacy Policy
  • Terms and Conditions