Cathie Wood's ninth star ETF,
"WoodSis" launched the ninth ETF last night,
It is understood that $ARK TRANSPARENCY ETF (CTRU.US)$ is the ninth ETF and the third index fund.
ARK believes that the company's transparency can give investors confidence and provide the potential for long-term growth in stock prices. Therefore,
The original intention of ARK Transparency ETF is to track the Transparency Index.
ARK believes that the company's transparency can give investors confidence and provide the potential for long-term growth in stock prices. Therefore,
The original intention of ARK Transparency ETF is to track the Transparency Index.
Comparison of the cumulative returns of the S&P 500 Index and the Transparency Index (blue represents the Transparency Index, yellow represents the S&P 500).
It is understood that the new fund has a fee rate of 0.55%. In addition, the ETF will hold 100 stocks, with the highest holdings being Cloudflare (NETUS), Bloom Energy (BE.US), and Enphase Energy (ENPH.US).
Wood's actively managed ETF has been criticized since the beginning of the year. At the launch of the new ETF, Wood and her flagship fund $ARK Innovation ETF (ARKK.US)$ Just recorded the worst one-week performance since February, dropping 12.7% to the lowest level in over a year. 6 out of the company's 8 ETFs recorded declines in 2021, with the worst performance coming from $ARK Genomic Revolution ETF (ARKG.US)$ , dropping by 37%.
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