Cathie Wood’s ARK Investment Management is planning to roll out a new exchange-traded fund focused on transparency, and which will shun oil and gas, alcohol, bank and gambling stocks.
According to a Securities and Exchange Commission filing, the ARK Transparency ETF plans to mimic a Transparency Index, which tracks stock movements for around 100 companies highly ranked for transparency based on a proprietary scoring methodology that includes such factors as reputation and adoption of transparency standards.