Are ARK Fund ETFs (ARKK) and (ARKW) Ready For A Rebound?

The ARK funds (ARKK), (ARKW), (ARKG) are up between 60 and 80% over the last 12 months and Invesco Solar ETF (TAN) is up over 100% over the last 12 months, says Drew Voros of ETF.Com. The money was still flowing into the ARK funds during the last the three month decline, with people buying dips and believing in the thesis, adds Drew. There has been $50 Billion dollars flowing into the funds, so the couple billion flowing out is just a trickle and natural, explains Drew. He says the outflow funds have been going into financials such as Select Sector Financial ETF (XLF). Lastly he adds the United States Commodity Index Copper ETF (CPER) has seen a recent increase.

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24 May 2021

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Are ARK Fund ETFs (ARKK) and (ARKW) Ready For A Rebound?

The ARK funds (ARKK), (ARKW), (ARKG) are up between 60 and 80% over the last 12 months and Invesco Solar ETF (TAN) is up over 100% over the last 12 months, says Drew Voros of ETF.Com. The money was still flowing into the ARK funds during the last the three month decline, with people buying dips and believing in the thesis, adds Drew. There has been $50 Billion dollars flowing into the funds, so the couple billion flowing out is just a trickle and natural, explains Drew. He says the outflow funds have been going into financials such as Select Sector Financial ETF (XLF). Lastly he adds the United States Commodity Index Copper ETF (CPER) has seen a recent increase.

Market On Close

24 May 2021