Translation: ARKW gives investors exposure to cloud computing firm, the rising cryptocurrency phenomenon, social media, the Internet of things and wearable technology, among other new wave technology trends. [Game-Changers in These ETFs]
Keep this in mind about the long-term of ARKW: The consumer peer-to-peer rental market, part of the sharing economy, is already worth close to $30 billion. By 2017, enterprise spending on cloud computing will amount to a projected $235.1 billion, triple the $78.2 billion in 2011, according to Forbes.
The wearble technology market, on market ARKW offers access, is expected to be worth north of $12.6 billion in 2018, more than double the market’s current value.
ARK Web x.O ETF
Tom Lydon’s clients own shares of Apple and Facebook.