ARKK - ARKG: Don't Always Follow The Leader
- Some of the best performing ETFs in recent years come from ARK Invest, which solely focuses on thematic disruptive tech. ARK Genomic Revolution was their best performer of 2020.
- ARK's CIO, Cathie Wood, is perhaps most famous for her $4,000 [pre-split] price target on Tesla. To almost everyone's surprise, it has just about come to fruition.
- Hoping to hitch a ride on the next Tesla, investors have gravitated to ARK Invest ETFs, as well as their individual holdings.
- This has led to share price distortions, particularly in the small and mid cap companies held by ARK Genomic Revolution.
- The most glaring example of this is Organovo. Despite ceasing operations in 2019, the stock has rocketed higher because of the ARK effect.
For further details see:
ARKG: Don't Always Follow The Leader