AYX - ARKW: Waning Momentum In High-Growth Internet Stocks Highlights Risks
The ARK Next Generation Internet ETF (ARKW) invests in companies benefiting from trends in cloud computing along with mobile products and services. The fund is a good example of the recent growth in the ETF industry towards actively managed funds with a niche or theme-based strategy. Indeed, ARKW has been one of the best-performing ETFs over the past year benefiting from its concentrated portfolio and strong gains among key holdings that have been resilient despite the economic disruptions of the COVID-19 pandemic. That being said, some recent volatility through the recent Q2 earnings season among