By Zoe
ARK Investment has recently become a huge player in the ETF industry due to its wildly optimistic price target for Tesla. Its founder Catherine Wood is even called 'female Buffett'.
However, her investment preference is different from Buffett's. Wood advocates investment in transformational technologies, which she describes as "disruptive innovation", unlike Buffet, who rarely touches tech industries.
ARK currently has 5 actively managed innovation ETFs:
$Ark Autonomous Technology & Robotics Etf(ARKQ.US)$
$Ark Next Generation Internet ETF(ARKW.US)$
$ARK Genomic Revolution ETF(ARKG.US)$
$Ark Fintech Innovation Etf(ARKF.US)$
The performance of these funds is amazing. ARKK, the most well-known product, has an average annualized return of nearly 40% over the past five years. Moreover, all five funds have risen more than 80% in the past year. All of them have outperformed the S&P 500 ETF (SPY) and the NASDAQ 100 Index ETF (QQQ).
The top three stocks on the list of lastest trades were:
$Apple Inc(AAPL.US)$ During the past year, there was a market crash and a broad technology-sector selloff, as well as a global pandemic that temporarily crippled economies worldwide. Through it all, however, Apple barely flinched. Its stock is even up roughly 70% since this time a year ago.
Despite the weakness of the global smartphone market, the iPhone still accounts for the lion's share of Apple's revenue. As of January, iPhone sales were up 17% YoY to $65.6 billion. Besides, due to the surge in demand for the iPhone 12, Apple had upped its iPhone production order by 30%.
As Apple continues to explore new areas of technology, dark-horse products could appear at any time. Examples include some sort of autonomous car or electric car technology, Bluetooth trackers (AirTags), and satellites that could bypass wireless carriers to beam data directly to iPhones.
$TENCENT HLD ADR(TCEHY.US)$ The stock price of TCEHY has risen 36% since this year.
In December, a Tencent-led consortium exercised its call option to acquire an additional 10% equity interest in Universal Music Group, based on an enterprise value of €30 billion. Closing and payment are expected to take place during the first half of 2021.
In Q3 2020, TCEHY's revenue increased 29% year-over-year to RMB125,447 million. Its operating profit grew 34% from its year-ago value to RMB38,116 million.
$Taiwan Semiconductor Manufacturing Co Ltd(TSM.US)$ Taiwan Economy Minister WangMei-hua said on Saturday she had received a letter from theWhite House on the global shortage of auto chips and Taiwanesesemiconductor firms are "doing what they should" to address the problem. The world's largest contract chipmaker, TSM has pledged to prioritize production.
TSM announced in January that its outlay for capital expenditure this year could total as much as $28 billion, up from $17 billion last year. The staggering sum would help expand its technological lead and fund construction of a planned $12 billion plant in the southwestern U.S. state of Arizona.
Please do not blindly follow ARK's trades. This is to provide you with a list of quality companies worth looking at. It is always smart to do your own due diligence before investing!
Comment(0)
Reason For Report