Cathie Wood’s ARK Invest Unveils New Actively Managed Venture Capital Fund
Cathie Wood and brokerage platform Titan have teamed up to launch actively managed venture capital fund ARK (MUTF:XARKX).
The new venture capital fund ARK aims to democratize venture capital by offering all market players access to innovative organizations across private and public markets with a minimum investment of $500.
Additionally, unlike traditional venture capital funds that lock in capital for years, ARK’s evergreen public-private crossover fund offers clients partial liquidity through quarterly redemptions. Between the private and public sectors, the fund intends to invest 70% in private companies and 30% in public companies.
XARKX will traditionally hold between 25 and 50 stakes and is associated with a total expense ratio of 4.22% which includes management fees of 2.75%, distribution/service fees of 0.65% and 0.82% other expenses. Additionally, the fund is also listed as a closed-end fund.
Regarding the launch, Wood said: “By launching the ARK venture capital fund, we are looking to increase venture capital, giving all investors access to what we believe are the most innovative companies around. throughout their life cycle in the private and public markets.”
Check out Wood’s other innovative ETFs and their price action since the start of the year: (NYSEARCA:ARKK) -61.4%(NYSEARCA:ARKW) -62.2%(ARKF) -62.8%(ARKG) -50.1%(BATS: ARKQ) -41.6%and (ARKX) -33.5%.
Along with Wood’s latest fund launch, she also said “yes, inflation peaked” on Tuesday morning.