Cathie Wood's Ark Continues to Innovate and Attract Investment.
TL;DR Summary
Cathie Wood's ARK Fintech Innovation ETF has gained 20% on financial stocks this year by investing in technology and crypto-related stocks, which have become more attractive given the recent pullback in yields. The ETF's top-performing stock is Coinbase Global, a cryptocurrency marketplace, which accounts for nearly 12% of the portfolio. The ETF does not hold any traditional banking stocks, which have received the bulk of the negative sentiment. Meanwhile, more traditional financial ETFs like SPDR S&P Regional Banking ETF and iShares U.S. Regional Banks ETF are down 24% and 26.7% respectively this year.
Topics:business#ark-fintech-innovation-etf#cathie-wood#cryptocurrency#finance#financial-crisis#technology
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- Cathie Wood's ARK ETF Sees Biggest Inflow in Nearly Two Years The Wall Street Journal
- Cathie Wood's Ark Raises $16.3M for New Private Crypto Fund Yahoo Finance
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