Investing in big tech means investors are already getting some form of cloud computing exposure but can go all-in with ETFs like the Global X Cloud Computing ETF (CLOU) . Even before the pandemic helped make cloud computing a household name, big tech was already utilizing the technology as a cornerstone of their business operations.
Blockchain sector-related exchange traded funds surged Monday on rumors that Amazon (NasdaqGS: AMZN) plans to accept cryptocurrencies as payment. Among the best performing non-leveraged ETFs of Monday, the Global X Blockchain ETF (BKCH) increased 12.8%, VanEck Vectors Digital Transformation ETF (DAPP) advanced 12.8%, Bitwise Crypto Industry Innovators ETF (BITQ) rose 12.3%, and Amplify Transformational Data Sharing ETF (BLOK) gained 7.2%.
Amplify ETFs has launched a new exchange-traded fund providing exposure to multiple investment themes by targeting the companies most widely owned by US-listed thematic ETFs. Christian Magoon, CEO of Amplify ETFs. The Amplify Thematic All-Stars ETF (MVPS US) has been listed on NYSE Arca and comes with an expense ratio of 0.49%.
On Tuesday, newcomer Viridi Funds launched its first ETF, the Viridi Cleaner Energy Crypto-Mining & Semiconductor ETF (RIGZ) , which offers investors exposure to cryptocurrency that is environmentally sustainable. The fund is listed on the New York Stock Exchange.
Goldman Sachs Asset Management has debuted its first actively managed ETF with the launch of the Goldman Sachs Future Planet Equity ETF (GSFP US) on NYSE Arca . Katie Koch, co-Head of Fundamental Equity at Goldman Sachs Asset Management.
The ARK 3D Printing ETF ( PRNT ) is higher by 24% year-to-date, but there could be more in the store for the ARK fund as 3D printing companies increasingly tap into automation. PRNT , the original and still only exchange traded fund focusing on 3D printing equities, is positioned to capitalize on growth in the automated 3D printing arena.
The ARK Fintech Innovation ETF (NYSEARCA: ARKF) is up 7% year-to-date, an admirable performance given the lethargy experienced by growth stocks in the first quarter. While ARKF’s performance lags that of the broader market, the fintech exchange fund could be a second half winner as analysts grow bullish on a number of ARKF’s components.
Cathie Wood -led Ark Investment Management on Friday bought 25,000 shares, estimated to be worth about $250,000, in Jaws Spitfire Acquisition Corp (NYSE: SPFR ), the blank-check firm that is set to take 3D printing company Velo3D public.
As the capital markets await a potential Bitcoin exchange traded fund (ETF), investors can snag indirect exposure to the phenomenon with funds like the Global X FinTech ETF (FINX) . Like precious metal investors who use miners as a backdoor play, getting crypto exposure can be had with companies that focus on blockchain technology
History confirms that when the economy begins emerging from a recession, cyclical stocks typically outperform during the recovery phase. Not that growth stocks are down this year, but the group is significantly trailing cyclical value fare.
Social distancing measures during the pandemic only accelerated growth in the financial technology (fintech) space. As such, the environment is rife for digital payments via the VanEck Vectors Digital Transformation ETF (DAPP) . One of DAPP’s holdings is payment processing company PayPal, which saw posted a monster 2020. “The fintech giant had a record year as the pandemic drove shoppers from stores,” a Time article said. “Instead, they bought groceries, movies and underwear on their phones and computers.
Cathie Wood, the founder of ARK Invest, is taking Wall Street by storm with her unconventional thematic investing. Namely, she follows an innovative fund style to find hyper-growth stocks with game-changing technology. Certainly, her unique method is working.
When peeling back the layers of U.S. president Biden’s infrastructure plan, one of the key components is shoring up internet access to all Americans. This facet can help bolster cloud computing services and the Global X Cloud Computing ETF (CLOU) .
The ARK Genomic Revolution Multi-Sector Fund ( ARKG ) is obviously positioned as a genomics fund, but as an actively managed exchange traded fund, it can venture into other growth areas in the healthcare sector. That includes telemedicine, as highlighted by the fund’s significant exposure to Teledoc .
