2024-06-01 12:39:36 ET
Summary
- ARK Innovation ETF (ARKK) which invests in themes such as fintech, automation, robotics, artificial intelligence, and genomics has fallen on hard times after a few stellar years.
- The fund's high turnover rate and questionable decision-making raise concerns about its analysis and filtering process.
- Investors should consider higher quality funds such as VOO and QQQ which provide less risk and better returns.
The ARK Innovation ETF ( ARKK ) has been around since 2014 . I wasn’t aware of the fund until Cathie Wood, the CEO and CIO of Ark Invest, started showing up on CNBC touting the results of her fund.
As you can see below, ARKK’s results were stellar in the early 2020's but have substantially lagged in recent years as the ETF's price has fallen:
Read the full article on Seeking Alpha
For further details see:
ARKK - Risky Does Not Equal Reward