Meet Cathie Wood's Flagship Ark Innovation ETF, Which Has Crushed the S&P 500 Over the Last 12 Months [Globe and Mail, The (Toronto, Canada)]
Tesla, Inc. (TSLA)
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Source: Globe and Mail, The
Its flagship fund, the Ark Innovation ETF, has handily outperformed the S&P 500 over the last year -- but that's far from the whole story. Ark Investment Management operates a dozen exchange-traded funds (ETFs) that invest in companies that are pursuing innovations across an array of technologies. Some of these funds have a specific focus in areas like artificial intelligence (AI), robotics, cryptocurrency, and even space flight, while others take a broader approach. Ark was founded by seasoned technology investor Cathie Wood. Its flagship fund is the Ark Innovation ETF (NYSEMKT: ARKK) , which is built around the theme of "disruptive innovation," with holdings from across the entire tech industry, so it's one of the best proxies for Wood's strategy. Will AI create the world's first trillionaire? Our team just released a report on the one little-known company, called an "Indispensable Monopoly" providing the critical technology Nvidia and Intel both need. Continue » The Ark In
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