Virgin Galactic pilots stroll to the corporate’s SpaceShipTwo Unity spacecraft, connected to the jet provider plane Eve.
Virgin Galactic
Ark Invest, Cathie Wood’s agency with a number of actively managed exchanged-traded funds, will debut its newest fund on Tuesday: a space exploration ETF.
ARKX, the agency’s eighth ETF, comes as an growing variety of non-public space firms put together to go public later this yr. In the previous six months, seven space companies have announced SPAC deals.
Wood — chief funding officer and CEO of Ark Investment Management — has made a reputation for herself by investing in “disruptive innovation” shares. Wood’s flagship fund, Ark Innovation, has seen greater than $16 billion in inflows prior to now yr, in accordance to FactSet.
Wood has huge bets on names like Tesla, Teladoc and Roku.
Wood has garnered a big following after Ark Innovation returned practically 150% final yr. However, her flagship fund, Ark Innovation, is down practically 9% this yr. Amid the latest rotation out of expertise names and into worth shares from the strain of rising rates of interest, Wood has stayed the course. Ark typically buys the dip in any of its high holdings, that are all excessive conviction names.
