The chief executive of ARK Investment Management sees opportunities in robotics and gene editing
This is Globe Advisor ’s weekly newsletter for professional financial advisors, published every Friday. If someone has forwarded this newsletter to you via e-mail, or you’re reading this on the web, you canbecame famous for its 2020 pandemic surge, ending that year with a 153-per-cent gain. Markets have been less kind to ARK Investment Management LLC’s flagship fund since.
One of the biggest drivers this year in markets has been Nvidia, which your flagship fund doesn’t hold. How come? If you look at broad-based indexes, what you’re seeing is increasing concentration toward the Mag Six. And that means risk is increasing when you have that kind of concentration. We have not seen this kind of concentration since the Great Depression.
No, it hasn’t. We were separate and distinct companies. We advised with our models and that was it, and Emerge ran its business. We have not seen any hit to our brand for that reason, because I think people understand the complete separation that there was.
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