Your Ark Innovation ETF achieved a return of over 150 percent last year – but recently it was significantly worse.
(Photo: Bloomberg)
new York It’s been a difficult year for tech investor Cathie Wood. But the boss of Ark Invest does not let herself be deterred in her strategy. It continues to rely exclusively on disruptive tech companies and will launch another product on Wednesday.
ARK Transparency ETF is the name of the new exchange-traded fund. It will map a corresponding index from the provider Transparency LLC. There are 100 companies from all over the world that stand out for their open communication, strong corporate cultures and high environmental standards.
The largest positions include the cybersecurity provider Cloudflare, the fuel cell provider Bloom Energy and the electric car manufacturer Tesla. The index has outperformed the broad S&P 500 over the past five years.
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