Tech has been one of this year’s top performing sectors so it shouldn’t be surprising that the year’s top performing fund is tech-focused. The ARK Innovation ETF (ARKK) may not be a household name yet but its ability to pick the right stocks at the right time this year is about to put it on quite a few radars.
The fund’s primary target market segments are ones that have been in vogue all year – robotics, genomics and the cloud. All three areas fit ARK’s overall objective of investing in disruptive innovations and technological advancements. Taking a deeper dive into the fund’s composition, we can see that the fund has exposure to most of the biggest emerging technologies.
Consider for a moment some of the applications for some of these technologies on the list.
