![]() ![]() Sign up to receive the latest news and ratings for ARKK and its competitors with MarketBeats FREE daily newsletter. ![]() The space-themed fund currently contains assets worth $627 million. Get ARK Innovation ETF News Delivered to You Automatically. An Arkansas man was fatally shot by police after he beat his 15-year-old son in the. If approved, the Transparency ETF would be the second fund set up by Ark Invest this year after its Space Exploration and Innovation ETF listed in March in one of the most successful fund launches in history. Arkansas officer shoots man who slashed his neck after beating teenage son with rock: Unimaginable tragedies. This is in stark contrast to the vast majority of investment firms, which prefer to keep their cards close to their chest. ![]() The transparency characteristic of the fund is in line with Ark Invest's approach to investing - all of the firm's buying and selling activity is published on a daily basis and can be viewed online. "Companies operating in the following industries, as determined by the Index provider, are excluded from the Index: (i) alcohol, (ii) banking, (iii) chemicals, (iv) confectionery, (v) fossil fuel transportation, (vi) gambling, (vii) metals, (viii) mineral, (ix) natural gas, (x) oil, and (xi) tobacco," the SEC filing says.įactors that impact whether a company can be added to the index include whether it meets certain transparency criteria, it's involvement in lawsuits and other legal issues as well as the company's public reputation.Īrk Invest had not responded to Insider's request for comment at time of publication. Industries that will be excluded from the fund include those that are, for example, dangerous to the environment, or manufacture addictive products. Many of these companies are also tracked by Ark Invest's other ETFs, which are generally tech and online heavy. ![]() The index includes technology companies like Tesla, Apple, Microsoft, Zoom, Netflix and Square, as well as companies from the food and beverage industry like Chipotle and retail heavyweights like Amazon and Nike. The fund normally invests at least 80% of its total assets in securities that are included in the benchmark index, the filing said. The new fund would closely track a Transparency Index developed by Solactive, with the SEC filing stating it would use a replication strategy - meaning the ETF would invest in tracked companies at a similar proportion to the fund.
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