- ORIGINAL NEWS
Why ARK Invest thinks it’s an ‘amazing time’ to invest in cutting-edge tech
- SUMMARY
ARK Invest, a renowned venture capital firm, is pioneering a groundbreaking approach to investing in private technology companies through its ARK Venture Fund.
Led by Chief Futurist Brett Winton, the fund aims to capitalize on the exceptional growth potential of innovative private firms.
The fund’s unique structure allows investors to gain access to these private companies at their net asset value, providing them with an opportunity that was previously limited to accredited investors.
This investment strategy is particularly valuable in today’s market environment, as both private and public technology companies are considered to be attractively valued for long-term investment.
ARK believes that investing in innovation is crucial, as it holds the key to overcoming contemporary challenges and driving future progress.
By investing in groundbreaking private companies, the fund positions itself to capture the immense potential of technological advancements across diverse industries.
As of April 10, the ARK Venture Fund’s primary private holdings include Epic Games (video game developer), SpaceX (aerospace manufacturer), Freenome (biotechnology company), and Anthropic (artificial intelligence company).
The fund has experienced significant growth since its inception in September 2022, rising 29% as of Thursday’s close.
However, it has faced some challenges in 2023, experiencing a year-to-date decline of over 7%.
Despite these short-term fluctuations, ARK remains confident in the long-term growth potential of private technology companies and the innovative potential of its Venture Fund.
- NEWS SENTIMENT CHECK
- Overall sentiment:
positive
Positive
““It’s an amazing time to invest in innovation,” the firm’s chief futurist, Brett Winton, told CNBC’s “ETF Edge” this week.”
“”Both venture exposures and public innovation companies are incredibly well valued today to take a long-term investment.””
Negative
“However, it’s off more than 7% year to date.”
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