Winton also argued that deep learning – a part of artificial intelligence – could impact more sectors and cause more additional disruptive innovation across various industries. The widespread reach of deep learning could approach a global market cap of $17 trillion in 20 years.
As a way to access these innovations through a targeted fund strategy, ARK Invest offers a suite of actively managed ETFs focused specifically on the three main innovative segments, including the ARK Industrial Innovation ETF (NYSEArca: ARKQ), ARK Web x.0 ETF (NYSEArca: ARKW), ARK Genomic Revolution Multi-Sector Fund (NYSEArca: ARKG) and the ARK Innovation Fund (NYSEArca: ARKK). ARKQ captures the converging industrial and technology sectors, capitalizing from autonomous vehicles, robotics, 3D printing, and energy storage technologies. The ARK Web x.0 ETF targets next-gen internet innovations like artificial intelligence, cloud computing, cryptocurrencies, and blockchain technology. The ARK Genomic Revolution Multi-Sector ETF tracks the convergence of tech and health care. The ARK Innovation ETF is a catch-all for or a broader theme based on the investments across all of the firm’s three innovation themes.
The ARK strategies are “aiming for growth to provide an alpha sleeve for investors’ portfolios,” Wood said. “ARK’s thematic strategies may be a hedge against rapid change that would likely cause turmoil to traditional index strategies.”
Financial advisors who are interested in learning more about technology opportunities can watch the webcast here on demand.