Daily Poll: Ark is facing strong challenger after dropping out of top 10 ETF.
Goldman Sachs has apparently decided to take on ARK Invest in the market for innovation-focused exchanged traded funds.
$GOLDMAN SACHS FUTURE TECH LEADERS EQUITY ETF (GTEK.US)$ is an actively managed fund that will invest in listed technology companies with market capitalizations of less than $100 billion, across both developed and emerging markets.
There are two differences between $ARK Innovation ETF (ARKK.US)$ and $GOLDMAN SACHS FUTURE TECH LEADERS EQUITY ETF (GTEK.US)$ .
For one thing, the new Goldman fund is targeting small-cap and midcap stocks. That would rule out some names in the ARK fund, which has almost 10% of its assets in $Tesla (TSLA.US)$ .
$GOLDMAN SACHS FUTURE TECH LEADERS EQUITY ETF (GTEK.US)$ is an actively managed fund that will invest in listed technology companies with market capitalizations of less than $100 billion, across both developed and emerging markets.
There are two differences between $ARK Innovation ETF (ARKK.US)$ and $GOLDMAN SACHS FUTURE TECH LEADERS EQUITY ETF (GTEK.US)$ .
For one thing, the new Goldman fund is targeting small-cap and midcap stocks. That would rule out some names in the ARK fund, which has almost 10% of its assets in $Tesla (TSLA.US)$ .
Another thing is that the Goldman fund also intends to cast a wide net, with nearly half of the holdings in companies based outside the U.S., and 25% to 35% in emerging markets.
Katie Koch, co-head of the Fundamental Equity business within Goldman Sachs Asset Management, said in a statement. “We believe the dominant tech franchises in 10 years will be very different from the platforms we all know today.
After vaulting up the ranks of the U.S. exchange-traded fund leaderboard, Ark Investment Management is starting to slip.
With about $42.4 billion in its ETFs, Cathie Wood’s firm now ranks as the 11th largest issuer by assets, according to Bloomberg Intelligence data. Dropped out from the list of top 10 ETF on this Tuesday.
$ARK Innovation ETF (ARKK.US)$ has fallen over 5% this year -- after soaring nearly 150% in 2020.
With about $42.4 billion in its ETFs, Cathie Wood’s firm now ranks as the 11th largest issuer by assets, according to Bloomberg Intelligence data. Dropped out from the list of top 10 ETF on this Tuesday.
$ARK Innovation ETF (ARKK.US)$ has fallen over 5% this year -- after soaring nearly 150% in 2020.
"Heroes comes and goes but legends are forever"
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Greg The Ape Basher : Aunt cathie![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
OdinSpiral : The legend is forever
DEADSEED1111 : I just had to be the ill minded guy that would say his aunt Cathie is a goddess.... nasty....
DEADSEED1111 : "Heroes aren't forgotten but legends never die"....
The movie was "The Sandlot"
Popular on moomoo OP DEADSEED1111 : come on, at least she's rich![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
DEADSEED1111 Popular on moomoo OP : Yeah I know but I'm not that shallow.....
小时代叶天 : at least she's better than shitadel
Revelation 6 : I think a lot of the answers given here are very situational. Given that ever meeting Cathie Woods is highly unlikely. But should the stars align and you would become the $APPL of her eye remember, it won’t be the head on your shoulders that’s doing the thinking and the little guy knows nothing about nasty and not being that shallow.
Revelation 6 DEADSEED1111 : You say now.
Revelation 6 DEADSEED1111 : She is a financial goddess. I wish I had 10 minutes a day just to talk to her. She’s forgotten more about the markets than most people will ever know.
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