ARK Fintech Innovation ETF
Nickname
ARKF Fintech ETF
Acronym
ARKF
Founding Date
2019
ARKF Fintech ETF seeks to capture long-term growth with low correlation of relative returns to traditional growth strategies and negative correlation to value strategies. It invests at least 80% of its assets primarily in domestic and foreign equity securities of companies that are engaged in financial technology innovation. ARKF aims for thematic multi-cap exposure to mobile payments, digital wallets, peer-to-peer lending, blockchain technology, and risk transformation.
FUND DETAILS*
- Ticker: ARKF
- Type: Active Equity ETF
- CUSIP: 00214Q708
- ISIN: US00214Q7088
- Primary Exchange: NYSE Arca
- Inception Date: February 4, 2019
- Expense Ratio: 0.75%
- Fund Assets Under Management: $4.00 billion
- Advisor: ARK Investment Management
- Fund Distributor: Foreside Fund Services
- Number of Holdings: 43
- Weighted Average Market Capitalization: $168 billion
- Median Market Capitalization: $58 billion
- Active Share (S&P500): 94%
* as of June 30, 2021