Stockchase Opinions

Terry Shaunessy Emerge ARK Global Disruptive Innovt ETF EARK-T DON'T BUY Dec 09, 2020

Caller hold this as a 10% weighting in portfolio The new economy (tech) stocks is played out with high multiples. Having a 10% of a single ETF in a portfolio is risky, too high. Be careful.
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BUY ON WEAKNESS

When markets are in growth mode, this will outperform. When the market is trying to take risk off the table, these can see a pull back. To add to a position or to start one, you want to see some market volatility and weakness to get in. There are some great holdings. The biggest position is Tesla which poses some risk.

PARTIAL BUY

Billy Kawasaki’s Insights - Billy’s most-liked answers from 5i Research. The Canadian version of the US-listed ARK funds. The holdings are the same. Has good diversification and broad exposure to innovation. MER is quite high at 1.7%. The US-listed ARK funds are still preferred. Unlock Premium - Try 5i Free

BUY ON WEAKNESS
New technology and innovation is a good place to be for a longer term growth potential. Thematic ETFs in growth areas makes good sense. However, wait for a pullback of around 20%.
WATCH

Billy Kawasaki’s Insights - Billy’s most-liked answers from 5i Research. ARKK today is similar to oil in March 2020 in that both are/were unpopular trades. ARKK has been heavily sold off over the past year, and while we would not expect much of a recovery in the near term, we feel that most of its underlying companies have decent fundamentals and solid network effects. It may take a long time to recover, but a lot of the names have been heavily sold off, and we would like to continue assessing the underlying companies' earnings before stepping in here. Unlock Premium - Try 5i Free