rakuten left binance left net_left adver left
Detail

Ark Drops Out of Top 10 ETF Issuers as ‘Shiny Object’ Lure Fades

(Bloomberg) -- After vaulting up the ranks of the U.S. exchange-traded fund leaderboard, Ark Investment Management is starting to slip. With about $42.4 billion in its ETFs,...
Ark Drops Out of Top 10 ETF Issuers as ‘Shiny Object’ Lure Fades © Reuters Ark Drops Out of Top 10 ETF Issuers as ‘Shiny Object’ Lure Fades

(Bloomberg) -- After vaulting up the ranks of the U.S. exchange-traded fund leaderboard, Ark Investment Management is starting to slip.

With about $42.4 billion in its ETFs, Cathie Wood’s firm now ranks as the 11th largest issuer by assets, according to Bloomberg Intelligence data.

The money manager had cracked the top 10 earlier this year, buoyed by a torrent of inflows as investors flocked to Wood’s innovative vision. But competition is rising just as the shine comes off Ark’s flagship $21 billion ARK Innovation ETF (NYSE:ARKK). 

As the firm’s assets have dipped slightly, rival WisdomTree has edged ahead. Meanwhile, industry newcomer Dimensional Fund Advisors is nipping at Ark’s heels, with less than $3 billion separating the two issuers after the quant giant’s latest mutual fund conversions.

At the same time, ARKK has fallen over 5% this year -- after soaring nearly 150% in 2020 -- as the prospect of inflation and rising rates takes the shine off the kind of long-term tech bets favored by Wood.

“Nobody’s running for the door, but the market hasn’t been supporting the core funds the way it was in 2020,” said Dave Nadig, chief investment officer at data provider ETF Trends. “Add to that the strong asset growth in ‘big cheap beta’ and huge moves like DFA converting funds, and the top of the leader board’s going to be in flux for a while.”

Wood and Ark’s ETFs beat most of the market in 2020, boosted by hefty allocations to electric-vehicle maker Tesla (NASDAQ:TSLA) Inc. and other disruptive names. The outperformance came to an abrupt end this year when a spike in Treasury yields unseated many growth-centric stocks. 

While rates have declined in the months since, many of Ark’s previous high-flyers have yet to recover as inflationary fears remain.

To be sure, Ark funds are still sitting on $12.6 billion of inflows so far this year. It’s far too early to sound the death knell for the firm, according to Bloomberg Intelligence’s Eric Balchunas.

Wood’s entire ETF stable commanded around $15 billion a year ago. Assuming no mass exodus, it’s possible that “Ark mania” could reignite again should speculative technology stocks come back into vogue, he said.

“While Ark mania may have died, Ark is alive and well at more than $40 billion, which is an astounding amount for an indie active issuer,” said Balchunas, an ETF analyst. “If they can hang tough during these tougher times, it bodes very well for when they go into ‘shiny object’ mode again.”

©2021 Bloomberg L.P.

ig right nyse right Neteller adver right
APPROVED BROKERS
Row 1 Left net_home_top Row 1 Right Row 2 Left Row 2 Center Row 2 Right Main Right TOP 07 Main Right TOP 06 Main Right TOP 05 Main Right TOP 04 Main Right TOP 03 Main Right TOP 01
22-09-2021 09:41:14 (UTC+7)

EUR/USD

1.1725

+0.0002 (+0.02%)

Summary

Sell

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (0)

Sell (9)

EUR/USD

1.1725

+0.0002 (+0.02%)

Summary

Sell

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (0)

Sell (9)

GBP/USD

1.3662

+0.0003 (+0.02%)

Summary

↑ Sell

Moving Avg:

Buy (4)

Sell (8)

Indicators:

Buy (3)

Sell (6)

USD/JPY

109.44

+0.23 (+0.21%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (8)

Sell (0)

AUD/USD

0.7249

+0.0018 (+0.25%)

Summary

↑ Buy

Moving Avg:

Buy (11)

Sell (1)

Indicators:

Buy (7)

Sell (2)

USD/CAD

1.2794

-0.0021 (-0.16%)

Summary

Neutral

Moving Avg:

Buy (9)

Sell (3)

Indicators:

Buy (3)

Sell (3)

EUR/JPY

128.32

+0.28 (+0.22%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (7)

Sell (0)

EUR/CHF

1.0833

+0.0009 (+0.09%)

Summary

Buy

Moving Avg:

Buy (8)

Sell (4)

Indicators:

Buy (5)

Sell (4)

Gold Futures

1,777.65

-0.55 (-0.03%)

Summary

Neutral

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (2)

Sell (6)

Silver Futures

22.710

+0.099 (+0.44%)

Summary

Buy

Moving Avg:

Buy (9)

Sell (3)

Indicators:

Buy (5)

Sell (2)

Copper Futures

4.2112

+0.1012 (+2.46%)

Summary

Neutral

Moving Avg:

Buy (8)

Sell (4)

Indicators:

Buy (0)

Sell (5)

Crude Oil WTI Futures

71.08

+0.59 (+0.84%)

Summary

↑ Buy

Moving Avg:

Buy (8)

Sell (4)

Indicators:

Buy (6)

Sell (2)

Brent Oil Futures

74.84

+0.48 (+0.65%)

Summary

Neutral

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (4)

Sell (2)

Natural Gas Futures

4.828

+0.025 (+0.52%)

Summary

Neutral

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (2)

Sell (5)

US Coffee C Futures

183.70

+1.10 (+0.60%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (9)

Sell (0)

Euro Stoxx 50

4,097.51

+53.88 (+1.33%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (7)

Sell (0)

S&P 500

4,354.18

-3.55 (-0.08%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (8)

DAX

15,348.53

+216.47 (+1.43%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (7)

Sell (0)

FTSE 100

6,980.98

+77.07 (+1.12%)

Summary

↑ Buy

Moving Avg:

Buy (11)

Sell (1)

Indicators:

Buy (10)

Sell (0)

Hang Seng

24,221.54

+122.40 (+0.51%)

Summary

Neutral

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (2)

Sell (2)

US Small Cap 2000

2,190.36

+8.15 (+0.37%)

Summary

↑ Sell

Moving Avg:

Buy (5)

Sell (7)

Indicators:

Buy (1)

Sell (6)

IBEX 35

8,756.00

+100.60 (+1.16%)

Summary

Neutral

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (5)

Sell (1)

BASF SE NA O.N.

62.280

+0.620 (+1.01%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (1)

Sell (8)

Bayer AG NA

45.70

+0.47 (+1.04%)

Summary

↑ Buy

Moving Avg:

Buy (7)

Sell (5)

Indicators:

Buy (7)

Sell (1)

Allianz SE VNA O.N.

187.45

+3.59 (+1.95%)

Summary

↑ Buy

Moving Avg:

Buy (7)

Sell (5)

Indicators:

Buy (8)

Sell (0)

Adidas AG

281.90

+1.38 (+0.49%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (1)

Sell (6)

Deutsche Lufthansa AG

8.377

-0.287 (-3.31%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (2)

Sell (8)

Siemens AG Class N

145.32

+3.06 (+2.15%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (2)

Sell (9)

Deutsche Bank AG

10.095

-0.135 (-1.32%)

Summary

Buy

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (6)

Sell (3)

 EUR/USD1.1725Sell
 GBP/USD1.3662↑ Sell
 USD/JPY109.44↑ Buy
 AUD/USD0.7249↑ Buy
 USD/CAD1.2794Neutral
 EUR/JPY128.32↑ Buy
 EUR/CHF1.0833Buy
 Gold1,777.65Neutral
 Silver22.710Buy
 Copper4.2112Neutral
 Crude Oil WTI71.08↑ Buy
 Brent Oil74.84Neutral
 Natural Gas4.828Neutral
 US Coffee C183.70↑ Buy
 Euro Stoxx 504,097.51↑ Buy
 S&P 5004,354.18↑ Sell
 DAX15,348.53↑ Buy
 FTSE 1006,980.98↑ Buy
 Hang Seng24,221.54Neutral
 Small Cap 20002,190.36↑ Sell
 IBEX 358,756.00Neutral
 BASF62.280↑ Sell
 Bayer45.70↑ Buy
 Allianz187.45↑ Buy
 Adidas281.90↑ Sell
 Lufthansa8.377↑ Sell
 Siemens AG145.32↑ Sell
 Deutsche Bank AG10.095Buy
Mua/Bán 1 chỉ SJC
# So hôm qua # Chênh TG
SJC Eximbank5,660/ 5,710
(10/ 10) # 816
SJC HCM5,650/ 5,715
(5/ 5) # 821
SJC Hanoi5,650/ 5,717
(5/ 5) # 823
SJC Danang5,650/ 5,717
(5/ 5) # 823
SJC Nhatrang5,650/ 5,717
(5/ 5) # 823
SJC Cantho5,650/ 5,717
(5/ 5) # 823
Cập nhật 22-09-2021 09:41:16
Xem lịch sử giá vàng SJC: nhấn đây!
ↀ Giá vàng thế giới
$1,777.35+12.230.69%
Live 24 hour Gold Chart
ʘ Giá bán lẻ xăng dầu
Sản phẩmVùng 1Vùng 2
RON 95-IV2149021910
RON 95-II,III2139021810
E5 RON 92-II2014020540
DO 0.05S1602016340
DO 0,001S-V1637016690
Dầu hỏa1508015380
ↂ Giá dầu thô thế giới
WTI$71.05-0.73-1.03%
Brent$74.81-0.69-0.93%
$ Tỷ giá Vietcombank
Ngoại tệMua vàoBán ra
USD22.630,0022.860,00
EUR26.007,0827.360,60
GBP30.295,3831.561,13
JPY203,28215,04
KRW16,6220,24
Cập nhật lúc 09:35:45 22/09/2021
Xem bảng tỷ giá hối đoái
binance main right Fxpro aetos main right adver main right