Cathie Wood's Ark Looks To Launch New ETF Centered On 'Transparency,' Featuring Tesla, Apple

Benzinga2021-09-01

Cathie Wood’s investment management firm Ark Invest is preparing to debut a new exchange-traded fund focused on transparency, Bloomberg News reported on Tuesday.

What Happened:Ark’s Transparency ETF will largely have exposure in tech and consumer firms such as Salesforce.comIncCRM 0.03%,Tesla IncApple Inc , and Nike Inc among others, as per Bloomberg.

If approved, the ETF would join Ark’s six active traded funds and would be the second suchlaunch this year after ARK Space Exploration & Innovation ETF(BATS:ARKX).

Ark Invest had in March launched ARKX, a fund focused on space-related investments and was then its first ETF launch in nearly two years.

Why It Matters:A Tesla bull, Wood has in the past openly shown support for transparency in her funds and reveals her stock pickings on a daily basis. She has also been revealing her liking towards stocks that focus on environment, social and governance standards.

Ark manages assets worth over $53.74 billion as of the second quarter this year, regulatory filings show.

Price Action:Ark’s flagship fund the Ark Innovation ETF closed 0.62% lower at $122.03 on Tuesday

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精彩评论

  • meowx3
    2021-09-01
    meowx3
    ... why so many etfs 😑 3 is enough!
  • WinSum
    2021-09-01
    WinSum
    Interesting 
  • Portfolio50
    2021-09-01
    Portfolio50
    All of Ark' ETFs move in the same direction.  The magnitude is different for each one but it is not big difference.  From a risk management perspective, it doesn't make sense to have more than 1 Ark ETF.
    • JamesArthur
      Couldn’t agree more
    • Aoyjai
      ARK just wants the money, before the printing stops
  • ECA
    2021-09-01
    ECA
    Hmmm
  • Jenjorjack
    2021-09-01
    Jenjorjack
    Srsly play only with the money I can lose. I don’t have that kind of money with her etf
  • ngng
    2021-09-01
    ngng
    Daily
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