YNWA_666
2021-08-28
Interesting move 🤔
Cathie Wood Buying Back Into Chinese Stocks: 3 Names Added To Ark Funds
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This could signal a belief by Wood that the Chinese names have become oversold and are considered bargains.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Cathie Wood Buying Back Into Chinese Stocks: 3 Names Added To Ark Funds</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCathie Wood Buying Back Into Chinese Stocks: 3 Names Added To Ark Funds\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Benzinga </p>\n<p class=\"h-time\">2021-08-27 15:59</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<p>After cutting huge positions of Chinese stocks across the Ark Funds ETFs,<b>Cathie Wood</b> is getting back in with three names added Wednesday.</p>\n<p><b>What Happened:</b>Earlier this week, Ark Invest CEO Cathie Wood said she was keeping an “open mind” about Chinese stocks.</p>\n<p>“Well, I would say in any of the areas we’re looking at right now, the multiple structure, the valuation structure of those companies is down and probably not going to come back very quickly, may even go down more,” Wood said.</p>\n<p>Wood was more optimistic than pessimistic about Chinese stocks during an Ark Invest-led webinar and said that there were interesting companies in the innovation space.</p>\n<p><b>Adding Back Chinese Names:</b>Over the past month, Ark Invest has unloaded large positions of Chinese names across multiple funds.</p>\n<p><b>The Ark Innovation ETF</b>(NYSE:ARKK) holds no positions in several of the fund’s former largest Chinese-related stock names.</p>\n<p>Wednesday’s Ark position buy and sell notification showed the <b>Ark Fintech Innovation ETF</b>(NYSE:ARKF) bought three Chinese names for the first time in weeks.</p>\n<p>ARKF added 234,835 shares of <b>Tencent Holdings ADR</b>(OTC:TCEHY), 75,593 shares of <b>Pinduoduo Inc - ADR</b>(NASDAQ:PDD) and 58,946 shares of <b>JD.Com Inc</b>(NASDAQ:JD).</p>\n<p>This came after the most recent transaction by Ark was selling 171,400 shares of Tencent on Aug. 16.</p>\n<p>JD.com, Pinduoduo and Tencent are currently the 18th, 26th and 27thlargest positionsin ARKF representing 2.1%, 1.3% and 1.2% of assets in the ETF respectively.</p>\n<p>This could be the start of several Ark Funds ETFs holding large positions in several of the top Chinese names. This could signal a belief by Wood that the Chinese names have become oversold and are considered bargains.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"PDD":"拼多多","ARKG":"ARK Genomic Revolution ETF","ARKO":"ARKO Corp","JD":"京东","ARKK":"ARK Innovation ETF","00700":"腾讯控股","ARKQ":"ARK Autonomous Technology & Robotics ETF","TCEHY":"腾讯控股ADR","09618":"京东集团-SW","ARKF":"ARK Fintech Innovation ETF"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1163392021","content_text":"After cutting huge positions of Chinese stocks across the Ark Funds ETFs,Cathie Wood is getting back in with three names added Wednesday.\nWhat Happened:Earlier this week, Ark Invest CEO Cathie Wood said she was keeping an “open mind” about Chinese stocks.\n“Well, I would say in any of the areas we’re looking at right now, the multiple structure, the valuation structure of those companies is down and probably not going to come back very quickly, may even go down more,” Wood said.\nWood was more optimistic than pessimistic about Chinese stocks during an Ark Invest-led webinar and said that there were interesting companies in the innovation space.\nAdding Back Chinese Names:Over the past month, Ark Invest has unloaded large positions of Chinese names across multiple funds.\nThe Ark Innovation ETF(NYSE:ARKK) holds no positions in several of the fund’s former largest Chinese-related stock names.\nWednesday’s Ark position buy and sell notification showed the Ark Fintech Innovation ETF(NYSE:ARKF) bought three Chinese names for the first time in weeks.\nARKF added 234,835 shares of Tencent Holdings ADR(OTC:TCEHY), 75,593 shares of Pinduoduo Inc - ADR(NASDAQ:PDD) and 58,946 shares of JD.Com Inc(NASDAQ:JD).\nThis came after the most recent transaction by Ark was selling 171,400 shares of Tencent on Aug. 16.\nJD.com, Pinduoduo and Tencent are currently the 18th, 26th and 27thlargest positionsin ARKF representing 2.1%, 1.3% and 1.2% of assets in the ETF respectively.\nThis could be the start of several Ark Funds ETFs holding large positions in several of the top Chinese names. This could signal a belief by Wood that the Chinese names have become oversold and are considered bargains.","news_type":1},"isVote":1,"tweetType":1,"viewCount":187,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":17,"xxTargetLangEnum":"ORIG"},"commentList":[],"isCommentEnd":true,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/813154561"}
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