Key Points
- ARK specializes in actively managed exchange-traded funds (ETFs) and has a bullish stance on emerging technologies, including electric vehicles, gene editing, robotics, and artificial intelligence.
- ARK's ARK Innovation ETF, which invested in Tesla, has seen significant growth in value in recent years.
Cathie Wood is the head of ARK Investment Management has become a major player in the world of finance in recent years, thanks in large part to Wood's unique investment approach and bold bets on disruptive technologies.
ARK Investment Management
Founded in 2014, ARK Investment Management is a New York-based asset management firm that specializes in actively managed exchange-traded funds (ETFs). Cathie Wood, who serves as the firm's CEO and chief investment officer, is known for her bullish stance on a range of technologies, including electric vehicles, gene editing, robotics, and artificial intelligence.
One of ARK's most successful bets has been on Tesla, Inc.
The firm's ARK Innovation ETF, which was one of the first ETFs to invest in the electric car maker, has seen its value skyrocket in recent years, thanks in part to Tesla's impressive growth and expanding market share.
ARK's investment approach is not without its critics. Some have questioned the firm's high fees and its reliance on a small number of high-risk, high-reward bets. Others have raised concerns about the potential for conflicts of interest, given Wood's close ties to the companies in which ARK invests.
Despite these criticisms, ARK has continued to grow and attract investors, thanks in large part to Wood's track record of successful investments and her ability to identify and capitalize on emerging trends in technology. In fact, Wood was recently named the top stock picker of 2020 by Bloomberg, thanks to the strong performance of ARK's ETFs.
Investors interested in tracking Wood's portfolio can use TickerTracker.io to do so. TickerTracker.io allows investors to track portfolios and configure alerts to receive notifications when a portfolio is updated. This can be useful for investors who want to keep track of Wood's investment activities and potentially follow his lead.
As the world of finance continues to evolve and new technologies emerge, it will be interesting to see how ARK and Wood continue to navigate the landscape and shape the future of investing.
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