Run by Cathie Wood, the mnost successful money manager on 2020 who invests in high-growth tech stocks. Their glaring flaw was a lack of diversification, which is why her ETF hot hammered this year when tech fell out of fashion. In May, Ark saw negative fund flows for the first time in over a year. ARKK is one Wood's largest ETFs. ARKK is down 5% YTD while the indexes are up. Her holdings like Zoom Video are considered Covid stocks. Wood, though, remains a wizard. Her small funds have performed better than the benchmarks and remains a fantastic long-term performer. But the era of Wood propping up these hyper-growth stocks with her massive inflows is over.
Its portfolio manager has outperformed the index for a number of years. However, he hears concerns about the Ark ETFs in general is the amount of inflows of around $50 billion; as funds get bigger they have trouble exceeding return expectations. ARKK is a core strategy that he likes. Ark will continue to have new ideas for ETFs, maybe space exploration. Michael Barry (of the Big Short) is shorting these Ark funds, but long term they should return well because innovation is here to stay. But ARKK is pricey now, given holdings like Tesla. Wait for a better entry point.
Billy Kawasaki’s Insights - Billy’s most-liked answers from 5i Research. The ETF has performed well with a 101% increase this year. The strategy and the positioning is good. It will be volatile and move with the sector, but for those with a longer time frame and high risk tolerance, it is a good ETF.. Unlock Premium - Try 5i Free
Market Summary > ARK Innovation ETF is a American stock, trading under the symbol ARKK-N on the NYSE Arca (ARKK). It is usually referred to as AMEX:ARKK or ARKK-N
In the last year, 3 stock analysts published opinions about ARKK-N. 3 analysts recommended to BUY the stock. 0 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Market Summary > ARK Innovation ETF.
Market Summary > ARK Innovation ETF was recommended as a Top Pick by on . Read the latest stock experts ratings for Market Summary > ARK Innovation ETF.
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
3 stock analysts on Stockchase covered Market Summary > ARK Innovation ETF In the last year. It is a trending stock that is worth watching.
On 2023-02-03, Market Summary > ARK Innovation ETF (ARKK-N) stock closed at a price of $42.85.