Those interested in accessing the potential growth opportunity of deep learning can look to something like the ARK Web x.0 ETF (NYSEArca: ARKW), an actively managed ETF that focuses on disruptive companies that help transform the market.
ARKW provides thematic multi-cap exposure to fast moving and innovative technologies, seeks to capture long-term alpha with correlation to traditional growth strategies and negative correlation to value strategies, and offers a way to diversify due to little overlap with the broader market indices, which may help it complement traditional value/growth strategies.
“The ARK Next Generation Internet Strategy recognizes that the internet is transforming every sector of the economy. The strategy focuses on the disruptive innovations that are changing the way the world manages information, analyzes data, purchases goods, and communicates across the globe,” Wood said.
Specifically, Wood pointed out that ARKW provides exposure to 11 names with strong exposure to deep learning, such as Amazon (NasdaqGS: AMZN), Tesla (NasdaqGS: TSLA) and Alphabet (NasdaqGS: GOOGL), among others. Additionally, the active ETF holds 15 names with moderate exposure and 13 names with low exposure.
Financial advisors who are interested in learning more about the Deep Learning opportunity can watch the webcast here on demand.