With ARKW, investors gain exposure to cloud computing firm, the rising cryptocurrency phenomenon, social media, the Internet of things and wearable technology, among other new wave technology trends.
ARKW’s top-10 lineup features familiar names such as Apple (NasdaqGS: AAPL), Facebook (NasdaqGS: FB), Twitter (NYSE: TWTR), LinkedIn (NYSE: LNKD) and Charles Schwab. ARKW’s have a weighted average market cap of $80 billion and a median market value of $13 billion, according to Ark data.
The two new ETFs charge 0.95%, which is pricey in the ETF world, but inexpensive when considering a comparable thematic mutual fund is likely to charge 1.5% to 2% per year.
Increased demand for the products and the potential for a more favorable regulatory environment could make actively managed ETFs a $500 billion asset class by 2020, according to a report released in June by SEI Investments. [Big Growth Seen for Active ETFs]
ARK nvestment Management has filed with the Securities and Exchange Commission for two additional funds: ARK Genomic Revolution Multi-Sector ETF (ARKG), and a composite of the three thematic funds (ARKK), according to the statement.
ARKW Top-20 Holdings
|TCEHY||TENCENT HOLDINGS LTD-UNS ADR||3.60%|
|SCHW||SCHWAB (CHARLES) CORP||3.43%|
|LNKD||LINKEDIN CORP – A||3.39%|
|GOOG||GOOGLE INC-CL C||2.94%|
|DIS||WALT DISNEY CO/THE||2.71%|
|RHT||RED HAT INC||2.70%|
|BABA||ALIBABA GROUP HOLDING-SP ADR||2.44%|
|CSOD||CORNERSTONE ONDEMAND INC||2.40%|
|DATA||TABLEAU SOFTWARE INC-CL A||2.25%|
Table Courtesy: Ark Investment Management
Tom Lydon’s clients own shares of Apple, Facebook and Tesla.