|Bid||48.68 x 800|
|Ask||49.97 x 1100|
|Day's Range||48.97 - 49.74|
|52 Week Range||34.75 - 50.47|
|PE Ratio (TTM)||N/A|
|YTD Daily Total Return||32.81%|
|Beta (5Y Monthly)||1.77|
|Expense Ratio (net)||0.75%|
Cathie Wood, founder and CEO of ARK Invest, which runs several innovation technology exchange-traded funds, among other things, sat down with MarketWatch to discuss investing opportunities, running a flat company, Elon Musk, and much more.
Can artificial intelligence (AI) determine that you want to order a dark roast coffee with a splash of almond milk and one packet of sugar? It could be heading that directions as coffeehouse chain Starbucks is looking to utilize AI to open up additional avenues to sales. Per a Motley Fool report, Starbucks is partnering with Microsoft to use data to enhance the customer service experience.
Disruptive forces are among us irrespective of which sector one chooses to focus on, and the impact of technology, such as robotics, is just barely scratching the surface. According to Shahin Farshchi of Lux Capital who opined on the industry in a Tech Crunch article, the area of robotics has yet to heat up in terms of oversaturation. The market for robot startups attempting direct human labor replacement, floor-sweeping, and dumb-waiter robots, and robotic lawnmowers and vacuums is OVER heated (too many startups).
In what was one of the more incredulous product launches to date, Tesla debuted its $39,900 Cybertruck pickup this week. After explaining some technical specifications and smacking the truck's door with a sledge hammer, company Chief Executive Officer, Elon Musk, asked an onstage companion (Tesla's lead designer, Franz von Holzhausen) to assist in demonstrating the strength of the Tesla "Armor Glass" by throwing a solid metal, baseball-sized ball at the driver side window.
For anyone not familiar with ARK Invest, they have a suite of ETF strategies dedicated to helping investors hone in on disruptive innovations and technologies with the potential to affect the global economy.
For anyone not familiar with ARK Invest, they have a suite of ETF strategies dedicated to helping investors hone in on disruptive innovations and technologies with the potential to affect the global economy. ...
Electric car company Tesla was taken off the Consumer Reports reliability survey in 2018, but improved reports from Tesla Model 3 and Model S owners have brought them back to recommendation status. As such, ETF investors may want to watch for funds with heavy weightings of Tesla. All in all, Tesla climbed four spots in the latest iteration of the Consumer Reports Reliability Survey, which is based on reviews from owners of more than 400,000 vehicles.
Fund fees are falling and that is true of both actively-managed mutual funds, passive index funds, and exchange traded funds (ETFs)."The asset-weighted average expense ratio for U.S. open-end mutual funds and exchange-traded funds fell to 0.48%, down from 0.51% in 2017," said Morningstar in a note out earlier this year.Declining fees in the active mutual fund universe are largely the result of cheaper ETFs continually pilfering market share from their pricier rivals. The reality is, saving on fees improves investors' outcomes and more of them are realizing this fact. Data confirm as much.InvestorPlace - Stock Market News, Stock Advice & Trading TipsThe cheapest ETFs, those with annual fees of no more than 0.10%, or $10 on a $10,000 investment, represent approximately 20% of the ETF universe's population, but consistently command 80% or more of inflows. Conversely, the 80% with fees above 0.10% garner the remaining 20% of flows.Low fees are undoubtedly nice, but there are some instances where it's worth paying up for higher fee products. Today, there are more than 200 active ETFs in the U.S., but combined asset penetration of these funds still pale in comparison to their passive counterparts. Additionally, many active ETFs reside in the fixed-income universe, potentially limiting the audience for adoption among investors seeking active equity exposure. * 10 Hot Stocks Staging Huge Reversals Still, there are some impressive active ETFs across multiple asset classes for investors to consider. Let's have a look at the following five options. ARK Innovation ETF (ARKK)Source: Beneath Blue / Shutterstock.com Expense ratio: 0.75%The ARK Innovation ETF (NYSEARCA:ARKK) definitely fits the bill as an active ETF worth paying up for. As an active ETF, ARKK can and does expand far beyond on the confines of traditional technology and internet strategies. This fund can include companies with exposure to healthcare technology, fintech, next generation internet and many more.ARKK, which celebrates its fifth birthday later this month, can hold 35 to 55 stocks, making it a concentrated portfolio. As of Oct. 11, this active ETF had 38 holdings, led by Tesla (NASDAQ:TSLA) at just over 13%. That means ARKK has one of the largest weights to controversial Tesla among all ETFs. The fund's managers have absorbed criticism on social media for their bullish outlook on Elon Musk's company.However, ARKK's performance cannot be argued with and the active ETF does justify its above-average expense ratio. Over the past three years, ARKK has more than doubled in value, but the average return for the Nasdaq-100 Index, the largest technology and internet ETFs over that span is "just" 68.9%. AdvisorShares Focused Equity ETF (CWS)Source: Shutterstock Expense ratio: 0.68%Eddy Elfenbein, the force behind the popular Crossing Wall Street blog, runs the concentrated AdvisorShares Focused Equity ETF (NYSEARCA:CWS) portfolio. This is an ideal active ETF for investors looking for returns above those offered by traditional domestic equity benchmarks. As of the end of September, CWS was outpacing the S&P 500 by more than 200 basis points year-to-date.Elfenbein "may look for stocks with a strong history of sales and earnings growth, or companies that have steadily increased their earnings and dividends for several years," according to AdvisorShares. "In addition, the Advisor may invest the Fund's assets in lesser-known companies that the Advisor believes have a unique opportunity for growth. At times, the Advisor may buy certain out-of-favor stocks believed to be priced below their intrinsic value, as measured by the Advisor. Additionally, the Advisor aims to keep the portfolio turnover low."Ninety-four percent of this active ETF's roster are large- and mid-cap stocks. There's something of a value tilt with 44.4% of the fund's holdings hailing from the financial services and healthcare sectors. * 10 Best Cloud Growth Stocks Right Now Some of Elfenbein's favorite names currently include Moody's (NYSE:MCO), Hershey (NYSE:HSY) and Ross Stores (NASDAQ:ROST). That trio combines for about 12% of CWS' weight. Cambria Cannabis ETF (TOKE)Expense ratio: 0.42%The Cambria Cannabis ETF (CBOE:TOKE) is one of the newest members of the cannabis ETF fray having debuted in July. That means TOKE has been dinged by bad timing as it came to market during a tumble for cannabis stocks, one that has not relented since this active ETF debuted.This new pot fund "seeks capital appreciation from investments in the global equity markets that have exposure to the broad cannabis industry," according to Cambria. "The Fund will target investing in approximately 20 to 50 of the top companies with exposure to the broad cannabis industry based on Cambria's determination as to their exposure to the industry," it added.While cannabis equities and ETFs are struggling, there are still some positive traits about TOKE. For starters, it is the least expensive among the current crop of marijuana funds. Second, with TOKE being an active ETF, the Cambria managers aren't constrained by an index, meaning they can look for value opportunities in the cannabis space while lowering weights to or eliminating some of the worst-performing stocks. First Trust North American Energy Infrastructure Fund (EMLP)Source: Shutterstock Expense ratio: 0.95%For investors that enjoy the income benefits of master limited partnerships (MLPs), the First Trust North American Energy Infrastructure Fund (NYSEARCA:EMLP) is an active ETF that's worth the price of admission. Over the past three years, this active ETF is up 12.3% while the largest traditional MLP ETFs are lower by 12%.Plus, EMLP has been significantly less volatile than many of its passive peers over that period, confirming that it has been the better risk-adjusted bet. Home to $2.56 billion in assets under management, EMLP is also the largest equity-based active ETF. * Best Stocks for 2019: Q3 Was a Roller Coaster The First Trust fund has also been a better bet than traditional energy investments and passive ETFs addressing the sector. Not all of EMLP's 47 holdings are structured as MLPs, which helps avoid some of the punitive tax issues associated with dedicated MLP ETFs, but the bulk of the fund's components are levered to the energy infrastructure ecosystem. Plus, this active ETF still has an impressive dividend yield of 3.75%. PIMCO Enhance Short Maturity Active ETF (MINT)Source: Shutterstock Expense ratio: 0.42%With $12.92 billion in assets under management, the PIMCO Enhance Short Maturity Active ETF (NYSEARCA:MINT) is by far the largest active ETF. At its core, MINT is an alternative to cash and money market investments and the fund's 30-day SEC yield of 2.29% is more compelling on the interest offered by most typical cash instruments.While MINT is an active ETF, the managers avoid derivatives, currency risk and keep the portfolio confined to investment-grade debt. Those traits keep risk low, which is what investors expect out of a cash alternative."The fund has delivered strong returns versus distinct open-end and exchange-traded fund competitors, even though its less-adventurous profile has caused it to miss out on some of its open-end sibling's gains," said Morningstar in a recent note. "The fund has also kept a lid on volatility, and its cheap fees versus active funds provide another advantage."Todd Shriber does not own any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Hot Stocks Staging Huge Reversals * 7 Under-The-Radar Growth Stocks That Could Benefit New Investors * 5 Excellent High-Yield Dividend Stocks to Buy The post 5 Actively Managed ETFs Worth the Price of Admission appeared first on InvestorPlace.
AllianceBernstein Holding LP introduced a robot with the capability of executing corporate-bond trades directly with bots at dealer counterparties. The firm debuted the system in August and completed three trades with similar digital assistants at other firms—Citigroup Inc., Morgan Stanley and Royal Bank of Canada.
The firm debuted the system in August and completed three trades with similar digital assistants at other firms—Citigroup Inc., Morgan Stanley and Royal Bank of Canada. “We’ve taken a traditional human-to-human interaction and augmented it to allow a machine to meet another machine,” said Maryanne Richter, global head of credit electronic trading strategy at Morgan Stanley in New York. Per a Bloomberg report, “automation is making inroads on trading desks, such as at UBS Group AG and HSBC Holdings Plc, where robots are making bond sales more efficient.
As artificial intelligence (AI) continues to become a transformational technology that is only evolving as time passes, it can only get better, which is good news for boosting the ARK Innovation ETF (ARKK) , which is up 12.67% year-to-date. “Computers, intelligent machine, and robots seem like the workforce of the future. Today, forms of AI have proven to be effective as powerful neural networks and deep learning tools took over the heavy lifting for data processing.
ETF investors who want to diversify into new areas of potential growth should identify areas of innovation and look to technologies that are disrupting the markets. On the recent webcast, Focusing on Disruptive ...
While uncertainties may affect the various market segments in the short run, the long-term trends reveal a global economy that is quickly advancing technologies that can disrupt markets and provide further ...
When it comes to investing in transformational technology, exchange-traded fund (ETF) investors shouldn’t look further than artificial intelligence (AI). It’s certainly something that Japanese holdings company SoftBank is focusing on in the future. “Within 30 years, definitely, things will be flying,” said SoftBank CEO Masayoshi Son.
While a cryptocurrency ETF is stuck in limbo as regulators continue to scrutinize the newly developed investment class, VanEck and SolidX Management have developed a stopgap to help institutional buyers garner bitcoin exposure through an easy-to-use investment vehicle. VanEck and SolidX will begin offering shares in a limited capacity of a cryptocurrency ETF-esque investment to Qualified Institutional Buyers under Rule 144A of the Securities Act of 1933, laying the groundwork for an eventual ETF offering if one is ever given regulatory approval. The new VanEck SolidX Bitcoin Trust will allow institutional investors, hedge funds and even mutual fund managers to buy into an ETF-like vehicle that tracks bitcoins as closely as possible.
U.S. markets on Wednesday were put in panic mode as the 2- and 10-year U.S. Treasury yield curve briefly inverted, which is typically a recession indicator. “A curve inversion is an intermediate-term buy signal,” said Tony Dwyer, analyst at Canaccord Genuity. One area of opportunity could be within artificial intelligence (AI).
In the investment space, artificial intelligence (AI) is increasingly gaining widespread attention for its ability to be a disruptive technology that spans across a variety of sectors, which makes it a viable alternative for exchange-traded funds (ETFs) opportunities. With more technologies investing in AI like Facebook who is funding brain experiments that allows a device that can read the human brain. Facebook eventually wants to use AI technology in order to create a wearable device that can control music or interact in virtual reality via the user's thoughts.
Exchange-traded funds (ETFs) are growing at an astronomical rate. U.S. assets are closing in on $4 trillion. The ETF share of total assets at investment firms has expanded to nearly 16% from 8% at the start of the decade, while mutual funds have lost market share. The only problem with this explosive growth? The industry now boasts thousands of funds, making it difficult to determine the very best ETFs.But investors are getting smarter about how they use ETFs in their portfolios. "After a decade of market gains, ETFs now play a unique role for investors as the foundation of a portfolio and also as vehicles that enable investors to be nimble," says Kari Droller, who oversees third-party mutual funds and ETFs at Charles Schwab.We see a need to be nimble at present, so we're making some changes to our Kiplinger ETF 20 list of our favorite ETFs (with an eye toward small fees). Out are iShares Edge MSCI USA Momentum (MTUM), Vanguard Russell 2000 Value ETF (VTWV), Vanguard FTSE All-World ex-US Small Cap ETF (VSS) and Invesco Dynamic Large Cap Value (PWV).So what's in? Some of the newcomers are meant to cushion your portfolio in a market downturn. One new entrant is simply a better strategy for investing in small-company stocks; another is a way to buy into some of the most innovative trends of our time.Read on for our analysis of the 20 best ETFs that allow investors to tackle various strategies at a low cost - including the four newest additions to the list. SEE ALSO: The 45 Cheapest Index Funds
Japanese Holdings Company Softbank announced that it will launch a fund that will allocate $108 billion towards artificial intelligence (AI) investing in companies that are developing the technology around the globe. On its own behalf, Softbank is allocating $38 billion while the rest of the invested funds will come from other partners. Companies expected to take part in the fund include names like Apple, Microsoft, iPhone assembler Foxconn, Standard Chartered Bank, Japanese financial giants Mizuho Bank, Sumitomo Mitsui Banking Corporation and MUFG Bank.
Software giant Microsoft recently opened its wallet and gave OpenAI, a startup co-founded by Elon Musk, to support the goal of developing artificial intelligence (AI) technology that can outdo human brain functioning. This generous investment could certainly put AI-focused exchange-traded funds (ETFs) in focus for investors looking to capitalize on the growing space of disruptive technologies. "The creation of AGI will be the most important technological development in human history, with the potential to shape the trajectory of humanity," says Sam Altman, CEO, OpenAI.
An artificial intelligence (AI) system developed by researchers at the University of California, Irvine solved the Rubik's Cube puzzle in just over one second. This type of revolutionary technology will certainly continue to keep investors interested in AI-focused exchange-traded funds (ETFs). Per an article on UCI News, "DeepCubeA, a deep reinforcement learning algorithm programmed by UCI computer scientists and mathematicians, can find the solution in a fraction of a second, without any specific domain knowledge or in-game coaching from humans.
Artificial intelligence (AI) is one of the prime technologies leading the wave of disruption that is going on within the health care sector. Recent studies have shown that AI technology can outperform doctors when it comes to cancer screenings and disease diagnoses. In particular, this could mean specialists such as radiologists and pathologists could be replaced by AI technology.