ARKK is home to nearly 50 stocks, including scores of familiar names such as Tesla (NasdaqGS: TSLA), Google, Facebook (NasdaqGS: FB), Twitter (NYSE: TWTR), Apple (NasdaqGS: AAPL) and Alibaba (NYSE: BABA).
“Our composite fund is a product of our approach to active management and can bring balance back to portfolios that have become increasingly benchmark-sensitive. Pulling across industries including life sciences, robotics, energy storage, social media, and cloud computing, ARKK will hold some of the most dynamic and innovative companies in the world,” Cathie Wood, founder and CEO of ARK Investment Management, in the statement.
Although all four ARK ETFs are equity-based actively managed funds, the firm is fully transparent when it comes to providing investors access to holdings on a daily basis. For example, the holdings for ARKQ and ARKW, the older pair of ARK’s four ETFs, are current as of Oct. 30.
That says that contrary to the belief of some fund managers that want to see actively managed non-transparent ETFs come to market, it is in fact possible to effectively run an actively managed ETF that engages in daily disclosure of its equity positions. [SEC Rejects Non-Transparent Active ETF Applications]
All four ARK ETFs charge 0.95% per year.
ETF Trends editorial team contributed to this post. Tom Lydon’s clients own shares of Apple, Facebook, Google and Tesla.