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Tired Of The ARK ETFs? Here s An Alternative Next Gen Tech ETF To Consider
LOUP offers lower risk, better risk-adjusted returns and exposure to all of the same high tech themes.
Author:
2021 has been a tough year for the ARK ETFs.
Once the darling of Wall Street following years of stellar performance across many of its funds, sentiment has turned sharply negative as the company s biggest ETFs, including the
ARK Innovation ETF (ARKK) and the
ARK Next Generation Internet ETF (ARKW), have corrected 30%.
Last year, ARK was drawing more money than it knew what to do with. This year, investors are pulling it right back out. ARK has seen more than $2.5 billion in outflows over the past month.