ARK Invest has outperformed the market and solidified its place among the big players in the investments world
The broad markets pushed higher on Thursday with the Nasdaq and S&P 500 reaching record levels. ARK funds continued their push as well with one exception. ARKG performed the best out of the group, with the exchange-traded fund up 1.0%, while ARKF did the worst, down 0.2% on the day. The gains from last year are slowly sliding away, but Cathie Wood may have something up her sleeve as she is constantly reshuffling her ETFs to stand up to market headwinds.
ARK Invest has been the talk of Wall Street over the past couple of years, outperforming the market and solidifying its place among the big players in the investments world. Wood is the founder and head of this investment house, and many have compared her rising star to the likes of Warren Buffett.
Many traders are looking to mirror the plays of famous investors and huge brokerage firms to capitalize on the gains that the big players are making. ARK Invest releases a list of its trades at the end of each trading day.
The ARK Fintech Innovation ETF deals mainly with up-and-coming fintech stocks, as the name suggests. Some of its biggest holdings include Square, Zillow, Pinterest, PayPal and Alibaba. Net assets for the fund are currently $4.0 billion.
ARK Genomic Revolution ETF looks at companies across multiple industries, but the general focus is on health care and companies that are changing the game technologically in this field. The biggest holdings include the likes of Pacific Biosciences, Teladoc Health, CRISPR and Fate Therapeutics. Net assets for the fund are currently $9.7 billion.
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