ARKK and ARKQ have also been standout performers this year, returning 83.3% and 51.03%, respectively, year-to-date as growth-oriented technology names leads the current equity market rally.
The ARK Industrial Innovation ETF captures the converging industrial and technology sectors, capitalizing from the idea that autonomous vehicles, robotics, 3D printing, and energy storage technologies are enhancing productivity and reducing costs, stimulating significant unit growth, which should transform the manufacturing landscape.
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: industrial/technology sectors, internet innovations like A.I., cloud computing, cyrpotocurrencies and blockchain, and tech/healthcare.
Financial advisors who are interested in learning more about these innovation strategies can register for the Tuesday, December 5 webcast here.