October 12, 2020 | internet | No Comments
For investors seeking momentum, ARK Next Generation Internet ETF ARKW is probably a suitable pick. The fund just hit a 52-week high and is up 191.3% from its 52-week low price of $40.50/share.
Let’s take a look at the fund and its near-term outlook to gain an insight into where it might be headed:
ARKW in Focus
Companies within the fund are focused on and expected to benefit from shifting the bases of technology infrastructure to the cloud, enabling mobile, new and local services, such as companies that rely on or benefit from the increased use of shared technology, infrastructure and services, Internet-based products and services, new payment methods, big data, the Internet of things, and social distribution and media. It has AUM of $2.43 billion and charges an expense ratio of 76 basis points.
Why the Move?
Due to the coronavirus outbreak, consumers are opting for online retailers to