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Broad-based global equity indexes appreciated in the first quarter as the financial markets anticipated less hawkish signals from the US Federal Reserve (Fed). After the Fed’s preferred measures of inflation and wages cooled, Fed Chairman Powell committed to “a couple more” rate increases, signaling that the Fed may be close to the end of its tightening cycle. In response to reports of higher-than-expected inflation and tighter than expected US labor markets, however, Fed members began to telegraph more hawkish sentiments, whipsawing the markets with every public appearance.
Broad-based global equity indexes appreciated in the fourth quarter, even as investor sentiment continued to deteriorate. Fear of the future is palpable these days, but historically crisis has created opportunities. According to the latest BofA Fund Manager Survey, cash levels are at their highest since the 9/11 crisis in 2001, and investors are overweight bonds for the first time since April 2009.
Broad-based global equity indexes, such as the S&P 500 and the MSCI World Index, finished lower after a volatile quarter, as investor sentiment flipped from a potential Fed pivot to a global recession in the face of hawkish central banks around the world. Innovation stocks, particularly those outside the broad-based indexes, rallied during the first half of the quarter before succumbing to significant selling pressure following Chairman Powell’s Jackson Hole speech.
Broad-based global equity indexes depreciated significantly during the second quarter as global recession fears boiled to a tipping point, damaging consumer, business, and investor confidence. Innovation stocks, particularly those outside the broad-based indexes, were particularly hard hit during the first half of the quarter before succumbing to significant weekly price swings during the second half.
Broad-based global equity indexes depreciated significantly during the first quarter as macro headwinds hurt consumer, business, and investor confidence. Innovation stocks, particularly those not listed on broad-based indexes, were punished disproportionately in response to investor fears of higher inflation and interest rates.
Relative to the S&P 500 and the MSCI World Index, ARK’s six actively managed ETFs and three self-indexed ETFs underperformed during the fourth quarter.
Relative to the S&P 500 and the MSCI World Index, ARK’s five actively managed ETFs and two self-indexed ETFs underperformed during the third quarter.
In Q2 2021, ARK’s five actively managed thematically focused ETFs and two self-indexed ETFs appreciated but underperformed relative to the S&P 500 and MSCI World Indexes during the...
In Q1 2021, relative to the S&P 500 Index and the MSCI World Index, ARK’s actively managed ETFs and two self-indexed ETFs delivered mixed performance. That said, the ARK Innovation...
Relative to the S&P 500 Index and the MSCI World Index, ARK’s five actively managed ETFs and two self-indexed ETFs outperformed during the fourth quarter. As V-shaped recovery...
Relative to the S&P 500 Index and the MSCI World Index, ARK’s five actively managed ETFs outperformed during the third quarter. ARK’s two self-indexed ETFs turned in mixed performance....
Relative to the S&P 500 Index and the MSCI World Index, ARK’s five actively managed ETFs and two self-indexed ETFs outperformed during the second quarter...
Relative to the S&P 500 Index and the MSCI World Index, ARK’s five actively managed ETFs outperformed during the first quarter. ARK’s self-indexed strategies, The 3D Printing ETF (PRNT) and the...