Daily Poll: Aunt Cathie and her brand new ETF.
Cathie Wood is getting ready to debut a new exchange-traded fund focused on transparency. Ark Investment Management’s Transparency ETF will closely follow an index that excludes industries including alcohol, banking, gambling and oil and gas.
* What is an ETF?
* What is an ETF?
Wood’s company said in a filing on Tuesday. The top holdings in the 100-company gauge are largely tech and consumer firms such as $Salesforce(CRM.US$ , $Microsoft(MSFT.US$ , $Apple(AAPL.US$ , $Nike(NKE.US$ , and $Chipotle Mexican Grill(CMG.US$ . An old Ark favorite, Elon Musk’s $Tesla(TSLA.US$ , also makes the cut.
If approved, the ETF would be the second that Ark has launched this year. In March, the company started a fund focused on space-related investments, which has risen about 4% since its debut and now has more than $600 million in assets. Meanwhile, the firm’s flagship $ARK Innovation ETF(ARKK.US$ is up to $22.5 billion, although it’s down 2% year-to-date -- compared with a gain of more than 20% for the $SPDR S&P 500 ETF(SPY.US$ .
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102533919 与股共舞 : kk
Ermmmmm : But how about those oil, gas, gambling etc companies that use Microsoft, Apple, etc, where the latter derive revenue from the former ?
Popular on moomooOP Ermmmmm: everything is intertwined
kongee : It’s targeted at halal investments. BIg money going in. Get in early before the oil money goes in.
hweero :
pistol bluff : so
mething to be said for the lone wolf.
102390036 : Muslim friendly etf