Inside the $2.5B internet fund dominating the stock market

Volatility has rocked stock markets this year in ways not seen since 2008. Some sectors, like tourism, find themselves practically in the stone age, but tech stocks are through the roof — and Wall Street‘s ARK Invest are capitalizing in a big way. ARK’s ‘next generation internet’ Exchange Traded Fund (ETF) is now up a pearl-clutching 85% this year while the tech-heavy NASDAQ 100 index returned just 29%. Buoyed by solid stock picks like Tesla and Square, ARKW’s portfolio is now valued at $2.45 billion, up from $1.11 billion and 120% more than when Hard Fork first analyzed it in June. ETF Database… This story continues at The Next Web

Inside the $2.5B internet fund dominating the stock market

Volatility has rocked stock markets this year in ways not seen since 2008. Some sectors, like tourism, find themselves practically in the stone age, but tech stocks are through the roof — and Wall Street‘s ARK Invest are capitalizing in a big way. ARK’s ‘next generation internet’ Exchange Traded Fund (ETF) is now up a pearl-clutching 85% this year while the tech-heavy NASDAQ 100 index returned just 29%. Buoyed by solid stock picks like Tesla and Square, ARKW’s portfolio is now valued at $2.45 billion, up from $1.11 billion and 120% more than when Hard Fork first analyzed it in June. ETF Database…

This story continues at The Next Web