Ark Invest
ARK Investment Management LLC is an American investment management firm based in St. Petersburg, Florida that focuses on investing in disruptive technology. These technologies include artificial intelligence, DNA sequencing, CRISPR gene editing, robotics, electric vehicles, energy storage, fintech, 3D printing and blockchain technology. It has also invested in cryptocurrencies. The company invests in stocks it projects to double in value over a five-year period. From 2014 to 2021, the ARK Innovation ETF averaged an annual 39% return on investment, over three times the return of the S&P 500 during that time.
As its funds cannot hold cash, the firm also invests in numerous Big Tech stocks it refers to as "cash-like innovation stocks".
ARK publishes current analysis, transactions and portfolios, and also opens its research [1]reviews to the public. In addition to financial analysts, ARK employs scientists and computer scientists, believing they can better assess the impact of disruptive technologies. Most of the company's analysts[2] are millennials without prior Wall Street experience.[3]