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Cathie Wood’s ARK Invest launches new fund of funds on eToro

01 October 2024

Cathie Wood’s house has partnered with the investment platform.

By Matteo Anelli,

Senior reporter, Trustnet

A new investment vehicle by Ark Invest, the investment management firm founded by Cathie Wood, is now available on the eToro platform.

Called Ark Future First, it focuses on companies across technology, healthcare and sustainability, accessing them via seven of Ark’s exchange-traded funds (ETFs).

The largest allocations are to the Ark Artificial Intelligence and Robotics ETF (28.6%), followed by Ark Innovation (25.8%) and Rize Cybersecurity and Data Privacy (12.7%). These positions give investors access to “transformative growth opportunities” in artificial intelligence and blockchain.

There are three sustainability names: Rize Global Sustainable Infrastructure; Rize Environmental Impact; and Rize Sustainable Future of Food.

Finally, Ark Genomic Revolution targets the gene editing revolution, which is enabling “personalised medicine, early disease detection and more effective treatments”.

These three areas are poised for “transformative growth”, according to founder and chief executive officer of Ark Invest Cathie Wood.

Gil Shapira, chief investment officer at eToro, said through the Ark Future First portfolio investors can “seek growth through truly long-term, cross-sector trends that are predicted to not just shift markets but the world for decades to come”.

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