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 6 actively managed innovation ETFs:
$ARK Autonomous Technology & Robotics ETF(ARKQ.US)$
$ARK Next Generation Internet ETF(ARKW.US)$
$ARK Genomic Revolution ETF(ARKG.US)$
$ARK Fintech Innovation ETF(ARKF.US)$
$ARK Space Exploration & Innovation ETF(ARKX.US)$
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:
$JD Logistics, Inc.(02618.HK)$ JD Logistics started building out its logistics distribution in 2007 so that JD.com can mobilize its own network to keep deliveries flowing. JD Logistics also delivers goods for other companies. It gets around half its revenue from JD.com. Revenues for JD Logistics rose 47.2% in 2020, to $11.5 billion.
$JD.com Inc(JD.US)$ According to the company's latest financial report, JD's income from operations in the quarter was $300 million, representing a 35.3 percent decrease year-over-year. Net income attributable to ordinary shareholders in the period was $600 million, compared to 1.1 billion renminbi for the same period in 2020.
Lei Xu, CEO of JD Retail, said during the earnings call that for the upcoming 618 shopping festival, which will coincide with the 18th anniversary of JD.com, the company plans to help more than 230 brands achieve more than 100 million renminbi in sales.
$Trimble Inc.(TRMB.US)$ is a Sunnyvale, California-based hardware, software, and services technology company. Trimble services global industries in Agriculture, Building & Construction, Geospatial, Natural Resources and Utilities, Governments, Transportation, and others.
Trimble also does hardware development of Global Navigation Satellite System (GNSS) receivers, scanners, laser rangefinders, unmanned aerial vehicles (UAVs), inertial navigation systems, and software processing tools.
The company announced last week the addition of a geotechnical portfolio to its geospatial automated monitoring portfolio through collaboration with Worldsensing. The collaboration enables survey, geotechnical and structural engineers to seamlessly expand their monitoring business opportunities with a comprehensive solution that incorporates geotechnical and geospatial data.
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!