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:
$PayPal Holdings Inc(PYPL.US)$ Speaking at a Mizuho Securities conference last week, Catherine Wood reiterated bullish views on Bitcoin, saying institutional interest in crypto could be a significant positive driver for the price.
Meanwhile, more and more companies like Tesla are likely to invest in cryptocurrency, due to growing concerns that fiat currencies could be devalued by inflation and central bank monetary policies as global debt levels surge.
Bitcoin could also be a growth driver for PayPal. The company plans to allow users to fund purchases in Bitcoin and it may be close to buying a crypto-custodian, Curv, for $500 million.
$Rockwell Automation Inc(ROK.US)$ is an industrial automation and information technology provider. The company is committed to industrial automation and information to provide sustainable and more efficient vehicles and other products to their customers.
Rockwell recently opened its Electric Vehicle Innovation Center in Silicon Valley to provide education for manufacturers who want to learn new technologies.
In addition, it has completed its previously entered agreement to buy Toronto-based Artificial Intelligence-enabled computerized maintenance management system ("CMMS") company — Fiix Inc.
$Taiwan Semiconductor Manufacturing Co Ltd(TSM.US)$ For the global shortage of auto chips, 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!