Asset Management

WYSIWYG with Cathie Wood’s latest ETF without the vice

ETF set to mimic a transparency index that includes Apple, Netflix, Chipotle Mexican Grill, Coinbase and Tesla

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.

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The Worst Performer in Billionaires’ Portfolios? Trophy Art.External link

The Worst Performer in Billionaires’ Portfolios? Trophy Art.