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 $SPDR S&P 500 ETF (SPY.US)$ .
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only.
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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 moomoo OP Ermmmmm : everything is intertwined![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
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