ARK Funds Amend ETF Prospectus To Remove Investment Concentration Limits_老虎社区_美港股上老虎

ARK Funds Amend ETF Prospectus To Remove Investment Concentration Limits

zerohedge2021-03-29

We have been following the volatility with flows in and out of ARK Funds over the last few months, make note of Cathie Wood's performance and "proprietary" investing style as the NASDAQ has whipsawed ...

网页链接

免责声明：本文观点仅代表作者个人观点，不构成本平台的投资建议，本平台不对文章信息准确性、完整性和及时性做出任何保证，亦不对因使用或信赖文章信息引发的任何损失承担责任。

144

greenhorse绿马
·2021-03-30
Interesting Amendment to the ARK Funds. The few changes are:- Risks of SPAC- Remove limit on ADRs, warrants, preferreds- Remove 10% limit on investing of assets in single firm, up to 30% now- Remove limit on investing in 20+% of a single firm's sharesThis could very much lead to more buying ina single company. Perhpas $Tesla Motors(TSLA)$as we know Cathie Wood really like it.If you have investment in ARK this should certainly be of interest to you. Think about if italign with your risk appetite?
回复
2
举报
Shifeng
·2021-03-30
Ark changing the position as it realised invest in all non money making company, the dream abit far off from reality.
回复
点赞
举报
Ericlam
·2021-03-30
Into higher risk?
回复
1
举报
收起
- jonbeloved:
  Yeah
  2021-03-30
  回复
  举报
- Potato3:
  Overconfidence possibly? Had a great 2020 & trying hard not to lose investors by betting bigger and riskier investments?
  2021-03-30
  回复
  举报
- Ericlam:
  Nice
  2021-03-30
  回复
  举报
查看更多 1 条评论
SquareGuy
·2021-03-30
I love the idea of Ark buying more big caps $tsla Tesla , $U and small caps too
回复
7
举报
收起
- dearpat:
  Risky but applaud their guts! Not sure about tesla but U and other small caps that they have are great.
  2021-03-30
  回复
  举报
- 勇敢的謝爾頓:
  [惊讶]
  2021-03-30
  回复
  举报
- SquareGuy:
  Hi Pat, Let's see how quickTesla reaches Cathies worst case PT of 1500
  2021-03-30
  回复
  举报
Zoyoyo
·2021-03-30
Dgg man
回复
3
举报
SSVC
·2021-03-30
Pls like and comment thanks
回复
9
举报
收起
- NARCS:
  Buyyyy
  2021-03-30
  回复
  举报
- Huat99:
  done
  2021-03-30
  回复
  举报
- Zoyoyo:
  Commment
  2021-03-30
  回复
  举报
查看更多 2 条评论
2a6a341c
·2021-03-30
sad
回复
2
举报
BuyX3
·2021-03-30
Lazy way to invest. Please comment and like. Thanks.
回复
3
举报
收起
- 木吉蒂:
  done
  2021-03-30
  回复
  举报
- Zoyoyo:
  Dkfkf
  2021-03-30
  回复
  举报
真的钻石手
·2021-03-30
Love this ETF [比心]
回复
6
举报
收起
- Blackk:
  Ok
  2021-03-30
  回复
  举报
- Gigachad:
  Cathie knows stuff 👍
  2021-03-30
  回复
  举报
James3128
·2021-03-30
Test
回复
4
举报
收起
- LuCS:
  Respond to my comment thanks
  2021-03-30
  回复
  举报
- 真的钻石手:
  Like This comment thanks
  2021-03-30
  回复
  举报
458fd99c
·2021-03-30
Go go go
回复
2
举报
收起
- 真的钻石手:
  Like this comment thanks
  2021-03-30
  回复
  举报
IssacWarriar
·2021-03-30
wow
回复
2
举报
6237cc74
·2021-03-30
Good information
回复
3
举报
收起
- mushieduskie:
  [惊讶]
  2021-03-30
  回复
  举报
- mushieduskie:
  What about this
  2021-03-30
  回复
  举报
T2021073008
·2021-03-30
Lol if win good , if Toh ark Toh
回复
4
举报
Bodoh
·2021-03-30
Something to hide?
回复
点赞
举报
Airlee
·2021-03-30
Nice
回复
2
举报
Irrevenantal
·2021-03-30
Tesla is gonna boom
回复
8
举报
收起
- torrentialT:
  hoping they can allow to add more too!
  2021-03-30
  回复
  举报
- Ola5528:
  They may add more tsla but im not sure i like them being too concentrated on a few stocks 😅
  2021-03-30
  回复
  举报
FT585
·2021-03-30
Nice
回复
4
举报
收起
- T2021073008:
  :)
  2021-03-30
  回复
  举报
JeffKuok
·2021-03-30
like n comment
回复
4
举报
收起
- JeffKuok:
  up up up
  2021-03-30
  回复
  举报
- Kingkong1234:
  Like and comments
  2021-03-30
  回复
  举报
CherryPang
·2021-03-30
Wow
回复
2
举报

热议股票

7x24

全部

关于我们·老虎社区守则·老虎社区账号管理规范·老虎社区服务协议·老虎社区隐私政策

公司名称：北京至简风宜信息技术有限公司

违法和不良信息投诉：010-5681-3562（工作时间9:30-18:30）

邮箱：service@laohu8.com

营业执照：91110105MA01A4U55R

ICP备：京ICP备18016422号

网安备：京公网安备11010502036490

关注我们

{"i18n":{"language":"zh_CN"},"data":{"share":"https://www.laohu8.com/m/news/1108487611?lang=zh_CN&edition=full","thumbnail":"","is_english":true,"pubTime":"2021-03-29 23:02","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1108487611","market":"us","top_or_hot":-1,"title":"ARK Funds Amend ETF Prospectus To Remove Investment Concentration Limits","media":"zerohedge","content":"<div>\n<p>We have been following the volatility with flows in and out of ARK Funds over the last few months, make note of Cathie Wood's performance and \"proprietary\" investing style as the NASDAQ has whipsawed ...</p>\n\n<a href=\"https://www.zerohedge.com/markets/ark-funds-amend-etf-prospectus-remove-investment-concentration-limits?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedge+-+on+a+long+enough+timeline%2C+the+survival+rate+for+everyone+drops+to+zero%29\">网页链接</a>\n\n</div>\n","source":null,"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>ARK Funds Amend ETF Prospectus To Remove Investment Concentration Limits</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; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\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\">\nARK Funds Amend ETF Prospectus To Remove Investment Concentration Limits\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-29 23:02 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.zerohedge.com/markets/ark-funds-amend-etf-prospectus-remove-investment-concentration-limits?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedge+-+on+a+long+enough+timeline%2C+the+survival+rate+for+everyone+drops+to+zero%29><strong>zerohedge</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>We have been following the volatility with flows in and out of ARK Funds over the last few months, make note of Cathie Wood's performance and \"proprietary\" investing style as the NASDAQ has whipsawed ...</p>\n\n<a href=\"https://www.zerohedge.com/markets/ark-funds-amend-etf-prospectus-remove-investment-concentration-limits?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedge+-+on+a+long+enough+timeline%2C+the+survival+rate+for+everyone+drops+to+zero%29\">网页链接</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":null,"symbol_name":null,"start_time":0,"source_url":"https://www.zerohedge.com/markets/ark-funds-amend-etf-prospectus-remove-investment-concentration-limits?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedge+-+on+a+long+enough+timeline%2C+the+survival+rate+for+everyone+drops+to+zero%29","article_id":"1108487611","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1108487611","pubTimestamp":1617030137,"columns":[],"sourceInfo":null,"weMediaInfo":null,"summary":"We have been following the volatility with flows in and out of ARK Funds over the last few months, make note of Cathie Wood's performance and \"proprietary\" investing style as the NASDAQ has whipsawed back and forth for the better part of 2021.Now, it looks like ARK is making some changes in its disclosures commensurate with its recent \"active investing style\", wherein it has been rotating out of large cap tech names and into smaller, more speculative names, especially in its ARKK flagship fund.A","collect":0,"end_time":0,"defaultTopTitle":"zerohedge.com","property":[],"viewcount":null,"language":"en","relate_stocks":{},"translate_title":"方舟基金修订ETF招募说明书取消投资集中度限制","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{},"content_text":"We have been following the volatility with flows in and out of ARK Funds over the last few months, make note of Cathie Wood's performance and \"proprietary\" investing style as the NASDAQ has whipsawed back and forth for the better part of 2021.\nNow, it looks like ARK is making some changes in its disclosures commensurate with its recent \"active investing style\", wherein it has been rotating out of large cap tech names and into smaller, more speculative names, especially in its ARKK flagship fund.\nARK funds filed an amendment to its prospectuses for its ETFs on Friday, making some little recognized changes that were caught by @syouth1 on Twitterover the weekend.\nAs the tweet notes, the new ARKSEC filing does several things. First, on a perfunctory note, it specifies risks related to investing in SPACs, noting that they are \"subject to a variety of risks beyond those associated with other equity securities\".\n\nSpecial Purpose Acquisition Companies (SPACs). The Fund may invest in stock of, warrants to purchase stock of, and other interests in SPACs or similar special purposes entities. A SPAC is a publicly traded company that raises investment capital for the purpose of acquiring or merging with an existing company. Investments in SPACs and similar entities are subject to a variety of risks beyond those associated with other equity securities. Because SPACs and similar entities do not have any operating history or ongoing business other than seeking acquisitions, the value of their securities is particularly dependent on the ability of the SPAC’s management to identify a merger target and complete an acquisition. Until an acquisition or merger is completed, a SPAC generally invests its assets, less a portion retained to cover expenses, in U.S. government securities, money market securities and cash and does not typically pay dividends in respect of its common stock. As a result, it is possible that an investment in a SPAC may lose value.\n\nBut then the filing getsveryinteresting - language is removed that allows ARK funds to take even largerconcentrations in names - in addition to over-the-counter traded ADRs, which are notoriously riskier products than normal equity.\nThe amendment removes ARK's limit to invest 10% of its total assets in any active fund in ADRs that are traded over-the-counter.\nOn top of that, the amended prospectus removes language that formerly limited ARK to investing no more than 30% of a fund's total assets into securities issued by a single company. Another \"rule\" removed was language preventing ARK from investing in more than 20% of a company's total outstanding shares.\nThe amendments portend ARK piling further into concentrated, high-risk names that dominate their respective funds. Wood's recent rotation out of big cap names like Microsoft and into \"speculative\" smaller cap companies like Workhorse and Vuzix has made it clear that the firm's appetite for risk continues to grow as NASDAQ volatility continues.\nObviously, if a pin is finally going to prick the NASDAQ gamma bubble that has blown up over the last 12 months, the higher Wood's concentration in speculative names, the more spectacular a crash would be for ARK funds.\nBut for now, ARK continues to hold up - we noted itwill be launchingits Space ETF as soon as this week. And despite noting that theNASDAQ gamma squeezeappears to be over, Wood and her team seem hell bent on continuing to tempt fate. We'll keep a close eye on the situation going forward.","kind":"news","is_publish_news":false,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":355665692,"gmtCreate":1617068107616,"gmtModify":1617070526488,"author":{"id":"3543405218360183","authorId":"3543405218360183","name":"greenhorse绿马","avatar":"https://static.tigerbbs.com/b5b0b2c6286f7958c1b9f4b7bd8b1bc0","vip":2,"crmLevel":8,"crmLevelSwitch":0,"idStr":"3543405218360183","authorIdStr":"3543405218360183"},"htmlText":"Interesting Amendment to the ARK Funds. The few changes are:- Risks of SPAC- Remove limit on ADRs, warrants, preferreds- Remove 10% limit on investing of assets in single firm, up to 30% now- Remove limit on investing in 20+% of a single firm's sharesThis could very much lead to more buying ina single company. Perhpas <a href=\"https://laohu8.com/S/TSLA\">$Tesla Motors(TSLA)$</a>as we know Cathie Wood really like it.If you have&nbsp;investment in ARK this should certainly be of interest to you. Think about if italign with your risk appetite?","listText":"Interesting Amendment to the ARK Funds. The few changes are:- Risks of SPAC- Remove limit on ADRs, warrants, preferreds- Remove 10% limit on investing of assets in single firm, up to 30% now- Remove limit on investing in 20+% of a single firm's sharesThis could very much lead to more buying ina single company. Perhpas <a href=\"https://laohu8.com/S/TSLA\">$Tesla Motors(TSLA)$</a>as we know Cathie Wood really like it.If you have&nbsp;investment in ARK this should certainly be of interest to you. Think about if italign with your risk appetite?","text":"Interesting Amendment to the ARK Funds. The few changes are:- Risks of SPAC- Remove limit on ADRs, warrants, preferreds- Remove 10% limit on investing of assets in single firm, up to 30% now- Remove limit on investing in 20+% of a single firm's sharesThis could very much lead to more buying ina single company. Perhpas $Tesla Motors(TSLA)$as we know Cathie Wood really like it.If you have investment in ARK this should certainly be of interest to you. Think about if italign with your risk appetite?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/355665692","repostId":1108487611,"repostType":4,"repost":{"id":"1108487611","kind":"news","pubTimestamp":1617030137,"share":"https://www.laohu8.com/m/news/1108487611?lang=&edition=full","pubTime":"2021-03-29 23:02","market":"us","language":"en","title":"ARK Funds Amend ETF Prospectus To Remove Investment Concentration Limits","url":"https://stock-news.laohu8.com/highlight/detail?id=1108487611","media":"zerohedge","summary":"We have been following the volatility with flows in and out of ARK Funds over the last few months, make note of Cathie Wood's performance and \"proprietary\" investing style as the NASDAQ has whipsawed back and forth for the better part of 2021.Now, it looks like ARK is making some changes in its disclosures commensurate with its recent \"active investing style\", wherein it has been rotating out of large cap tech names and into smaller, more speculative names, especially in its ARKK flagship fund.A","content":"<p>We have been following the volatility with flows in and out of ARK Funds over the last few months, make note of Cathie Wood's performance and \"proprietary\" investing style as the NASDAQ has whipsawed back and forth for the better part of 2021.</p>\n<p>Now, it looks like ARK is making some changes in its disclosures commensurate with its recent \"active investing style\", wherein it has been rotating out of large cap tech names and into smaller, more speculative names, especially in its ARKK flagship fund.</p>\n<p>ARK funds filed an amendment to its prospectuses for its ETFs on Friday, making some little recognized changes that were caught by&nbsp;@syouth1 on Twitterover the weekend.</p>\n<p><img src=\"https://static.tigerbbs.com/b33212d1be9470754b1d7207c20f1b74\" tg-width=\"469\" tg-height=\"694\">As the tweet notes, the new ARKSEC filing&nbsp;does several things. First, on a perfunctory note, it specifies risks related to investing in SPACs, noting that they are \"subject to a variety of risks beyond those associated with other equity securities\".</p>\n<blockquote>\n <i>Special Purpose Acquisition Companies (SPACs)</i>. The Fund may invest in stock of, warrants to purchase stock of, and other interests in SPACs or similar special purposes entities. A SPAC is a publicly traded company that raises investment capital for the purpose of acquiring or merging with an existing company. Investments in SPACs and similar entities are subject to a variety of risks beyond those associated with other equity securities. Because SPACs and similar entities do not have any operating history or ongoing business other than seeking acquisitions, the value of their securities is particularly dependent on the ability of the SPAC’s management to identify a merger target and complete an acquisition. Until an acquisition or merger is completed, a SPAC generally invests its assets, less a portion retained to cover expenses, in U.S. government securities, money market securities and cash and does not typically pay dividends in respect of its common stock. As a result, it is possible that an investment in a SPAC may lose value.\n</blockquote>\n<p>But then the filing gets<i>very</i>interesting - language is removed that allows ARK funds to take&nbsp;<i>even larger</i>concentrations in names - in addition to over-the-counter traded ADRs, which are notoriously riskier products than normal equity.</p>\n<p>The amendment&nbsp;removes&nbsp;ARK's limit to invest 10% of its total assets in any active fund in ADRs that are traded over-the-counter.</p>\n<p><img src=\"https://static.tigerbbs.com/2bce1e8e9b6703975f8c9e2d9074a96d\" tg-width=\"500\" tg-height=\"121\">On top of that, the amended prospectus removes language that formerly limited ARK to investing no more than 30% of a fund's&nbsp;total assets into securities issued by a single company. Another \"rule\" removed was language preventing ARK from investing in more than 20% of a company's total outstanding shares.</p>\n<p><img src=\"https://static.tigerbbs.com/cce6710dda8e17521ae59148059b26a1\" tg-width=\"500\" tg-height=\"205\">The amendments portend ARK piling further into concentrated, high-risk names that dominate their respective funds. Wood's recent rotation out of big cap names like Microsoft and into \"speculative\" smaller cap companies like Workhorse and Vuzix has made it clear that the firm's appetite for risk continues to grow as NASDAQ volatility continues.</p>\n<p>Obviously, if a pin is finally going to prick the NASDAQ gamma bubble that has blown up over the last 12 months, the higher Wood's concentration in speculative names, the more spectacular a crash would be for ARK funds.</p>\n<p>But for now, ARK continues to hold up - we noted itwill be launchingits Space ETF as soon as this week. And despite noting that theNASDAQ gamma squeezeappears to be over, Wood and her team seem hell bent on continuing to tempt fate. We'll keep a close eye on the situation going forward.</p>\n<p></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>ARK Funds Amend ETF Prospectus To Remove Investment Concentration Limits</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; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\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\">\nARK Funds Amend ETF Prospectus To Remove Investment Concentration Limits\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-29 23:02 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.zerohedge.com/markets/ark-funds-amend-etf-prospectus-remove-investment-concentration-limits?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedge+-+on+a+long+enough+timeline%2C+the+survival+rate+for+everyone+drops+to+zero%29><strong>zerohedge</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>We have been following the volatility with flows in and out of ARK Funds over the last few months, make note of Cathie Wood's performance and \"proprietary\" investing style as the NASDAQ has whipsawed ...</p>\n\n<a href=\"https://www.zerohedge.com/markets/ark-funds-amend-etf-prospectus-remove-investment-concentration-limits?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedge+-+on+a+long+enough+timeline%2C+the+survival+rate+for+everyone+drops+to+zero%29\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.zerohedge.com/markets/ark-funds-amend-etf-prospectus-remove-investment-concentration-limits?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedge+-+on+a+long+enough+timeline%2C+the+survival+rate+for+everyone+drops+to+zero%29","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1108487611","content_text":"We have been following the volatility with flows in and out of ARK Funds over the last few months, make note of Cathie Wood's performance and \"proprietary\" investing style as the NASDAQ has whipsawed back and forth for the better part of 2021.\nNow, it looks like ARK is making some changes in its disclosures commensurate with its recent \"active investing style\", wherein it has been rotating out of large cap tech names and into smaller, more speculative names, especially in its ARKK flagship fund.\nARK funds filed an amendment to its prospectuses for its ETFs on Friday, making some little recognized changes that were caught by @syouth1 on Twitterover the weekend.\nAs the tweet notes, the new ARKSEC filing does several things. First, on a perfunctory note, it specifies risks related to investing in SPACs, noting that they are \"subject to a variety of risks beyond those associated with other equity securities\".\n\nSpecial Purpose Acquisition Companies (SPACs). The Fund may invest in stock of, warrants to purchase stock of, and other interests in SPACs or similar special purposes entities. A SPAC is a publicly traded company that raises investment capital for the purpose of acquiring or merging with an existing company. Investments in SPACs and similar entities are subject to a variety of risks beyond those associated with other equity securities. Because SPACs and similar entities do not have any operating history or ongoing business other than seeking acquisitions, the value of their securities is particularly dependent on the ability of the SPAC’s management to identify a merger target and complete an acquisition. Until an acquisition or merger is completed, a SPAC generally invests its assets, less a portion retained to cover expenses, in U.S. government securities, money market securities and cash and does not typically pay dividends in respect of its common stock. As a result, it is possible that an investment in a SPAC may lose value.\n\nBut then the filing getsveryinteresting - language is removed that allows ARK funds to take even largerconcentrations in names - in addition to over-the-counter traded ADRs, which are notoriously riskier products than normal equity.\nThe amendment removes ARK's limit to invest 10% of its total assets in any active fund in ADRs that are traded over-the-counter.\nOn top of that, the amended prospectus removes language that formerly limited ARK to investing no more than 30% of a fund's total assets into securities issued by a single company. Another \"rule\" removed was language preventing ARK from investing in more than 20% of a company's total outstanding shares.\nThe amendments portend ARK piling further into concentrated, high-risk names that dominate their respective funds. Wood's recent rotation out of big cap names like Microsoft and into \"speculative\" smaller cap companies like Workhorse and Vuzix has made it clear that the firm's appetite for risk continues to grow as NASDAQ volatility continues.\nObviously, if a pin is finally going to prick the NASDAQ gamma bubble that has blown up over the last 12 months, the higher Wood's concentration in speculative names, the more spectacular a crash would be for ARK funds.\nBut for now, ARK continues to hold up - we noted itwill be launchingits Space ETF as soon as this week. And despite noting that theNASDAQ gamma squeezeappears to be over, Wood and her team seem hell bent on continuing to tempt fate. We'll keep a close eye on the situation going forward.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":355614460,"gmtCreate":1617066687550,"gmtModify":1634522848573,"author":{"id":"3554690739454545","authorId":"3554690739454545","name":"Shifeng","avatar":"https://static.tigerbbs.com/7eba636a69f64b047187455fad28835a","vip":1,"crmLevel":5,"crmLevelSwitch":0,"idStr":"3554690739454545","authorIdStr":"3554690739454545"},"htmlText":"Ark changing the position as it realised&nbsp;invest in all non money making company, the dream abit far off from reality.&nbsp;","listText":"Ark changing the position as it realised&nbsp;invest in all non money making company, the dream abit far off from reality.&nbsp;","text":"Ark changing the position as it realised invest in all non money making company, the dream abit far off from reality.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/355614460","repostId":1108487611,"repostType":4,"repost":{"id":"1108487611","kind":"news","pubTimestamp":1617030137,"share":"https://www.laohu8.com/m/news/1108487611?lang=&edition=full","pubTime":"2021-03-29 23:02","market":"us","language":"en","title":"ARK Funds Amend ETF Prospectus To Remove Investment Concentration Limits","url":"https://stock-news.laohu8.com/highlight/detail?id=1108487611","media":"zerohedge","summary":"We have been following the volatility with flows in and out of ARK Funds over the last few months, make note of Cathie Wood's performance and \"proprietary\" investing style as the NASDAQ has whipsawed back and forth for the better part of 2021.Now, it looks like ARK is making some changes in its disclosures commensurate with its recent \"active investing style\", wherein it has been rotating out of large cap tech names and into smaller, more speculative names, especially in its ARKK flagship fund.A","content":"<p>We have been following the volatility with flows in and out of ARK Funds over the last few months, make note of Cathie Wood's performance and \"proprietary\" investing style as the NASDAQ has whipsawed back and forth for the better part of 2021.</p>\n<p>Now, it looks like ARK is making some changes in its disclosures commensurate with its recent \"active investing style\", wherein it has been rotating out of large cap tech names and into smaller, more speculative names, especially in its ARKK flagship fund.</p>\n<p>ARK funds filed an amendment to its prospectuses for its ETFs on Friday, making some little recognized changes that were caught by&nbsp;@syouth1 on Twitterover the weekend.</p>\n<p><img src=\"https://static.tigerbbs.com/b33212d1be9470754b1d7207c20f1b74\" tg-width=\"469\" tg-height=\"694\">As the tweet notes, the new ARKSEC filing&nbsp;does several things. First, on a perfunctory note, it specifies risks related to investing in SPACs, noting that they are \"subject to a variety of risks beyond those associated with other equity securities\".</p>\n<blockquote>\n <i>Special Purpose Acquisition Companies (SPACs)</i>. The Fund may invest in stock of, warrants to purchase stock of, and other interests in SPACs or similar special purposes entities. A SPAC is a publicly traded company that raises investment capital for the purpose of acquiring or merging with an existing company. Investments in SPACs and similar entities are subject to a variety of risks beyond those associated with other equity securities. Because SPACs and similar entities do not have any operating history or ongoing business other than seeking acquisitions, the value of their securities is particularly dependent on the ability of the SPAC’s management to identify a merger target and complete an acquisition. Until an acquisition or merger is completed, a SPAC generally invests its assets, less a portion retained to cover expenses, in U.S. government securities, money market securities and cash and does not typically pay dividends in respect of its common stock. As a result, it is possible that an investment in a SPAC may lose value.\n</blockquote>\n<p>But then the filing gets<i>very</i>interesting - language is removed that allows ARK funds to take&nbsp;<i>even larger</i>concentrations in names - in addition to over-the-counter traded ADRs, which are notoriously riskier products than normal equity.</p>\n<p>The amendment&nbsp;removes&nbsp;ARK's limit to invest 10% of its total assets in any active fund in ADRs that are traded over-the-counter.</p>\n<p><img src=\"https://static.tigerbbs.com/2bce1e8e9b6703975f8c9e2d9074a96d\" tg-width=\"500\" tg-height=\"121\">On top of that, the amended prospectus removes language that formerly limited ARK to investing no more than 30% of a fund's&nbsp;total assets into securities issued by a single company. Another \"rule\" removed was language preventing ARK from investing in more than 20% of a company's total outstanding shares.</p>\n<p><img src=\"https://static.tigerbbs.com/cce6710dda8e17521ae59148059b26a1\" tg-width=\"500\" tg-height=\"205\">The amendments portend ARK piling further into concentrated, high-risk names that dominate their respective funds. Wood's recent rotation out of big cap names like Microsoft and into \"speculative\" smaller cap companies like Workhorse and Vuzix has made it clear that the firm's appetite for risk continues to grow as NASDAQ volatility continues.</p>\n<p>Obviously, if a pin is finally going to prick the NASDAQ gamma bubble that has blown up over the last 12 months, the higher Wood's concentration in speculative names, the more spectacular a crash would be for ARK funds.</p>\n<p>But for now, ARK continues to hold up - we noted itwill be launchingits Space ETF as soon as this week. And despite noting that theNASDAQ gamma squeezeappears to be over, Wood and her team seem hell bent on continuing to tempt fate. We'll keep a close eye on the situation going forward.</p>\n<p></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>ARK Funds Amend ETF Prospectus To Remove Investment Concentration Limits</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; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\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\">\nARK Funds Amend ETF Prospectus To Remove Investment Concentration Limits\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-29 23:02 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.zerohedge.com/markets/ark-funds-amend-etf-prospectus-remove-investment-concentration-limits?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedge+-+on+a+long+enough+timeline%2C+the+survival+rate+for+everyone+drops+to+zero%29><strong>zerohedge</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>We have been following the volatility with flows in and out of ARK Funds over the last few months, make note of Cathie Wood's performance and \"proprietary\" investing style as the NASDAQ has whipsawed ...</p>\n\n<a href=\"https://www.zerohedge.com/markets/ark-funds-amend-etf-prospectus-remove-investment-concentration-limits?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedge+-+on+a+long+enough+timeline%2C+the+survival+rate+for+everyone+drops+to+zero%29\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.zerohedge.com/markets/ark-funds-amend-etf-prospectus-remove-investment-concentration-limits?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedge+-+on+a+long+enough+timeline%2C+the+survival+rate+for+everyone+drops+to+zero%29","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1108487611","content_text":"We have been following the volatility with flows in and out of ARK Funds over the last few months, make note of Cathie Wood's performance and \"proprietary\" investing style as the NASDAQ has whipsawed back and forth for the better part of 2021.\nNow, it looks like ARK is making some changes in its disclosures commensurate with its recent \"active investing style\", wherein it has been rotating out of large cap tech names and into smaller, more speculative names, especially in its ARKK flagship fund.\nARK funds filed an amendment to its prospectuses for its ETFs on Friday, making some little recognized changes that were caught by @syouth1 on Twitterover the weekend.\nAs the tweet notes, the new ARKSEC filing does several things. First, on a perfunctory note, it specifies risks related to investing in SPACs, noting that they are \"subject to a variety of risks beyond those associated with other equity securities\".\n\nSpecial Purpose Acquisition Companies (SPACs). The Fund may invest in stock of, warrants to purchase stock of, and other interests in SPACs or similar special purposes entities. A SPAC is a publicly traded company that raises investment capital for the purpose of acquiring or merging with an existing company. Investments in SPACs and similar entities are subject to a variety of risks beyond those associated with other equity securities. Because SPACs and similar entities do not have any operating history or ongoing business other than seeking acquisitions, the value of their securities is particularly dependent on the ability of the SPAC’s management to identify a merger target and complete an acquisition. Until an acquisition or merger is completed, a SPAC generally invests its assets, less a portion retained to cover expenses, in U.S. government securities, money market securities and cash and does not typically pay dividends in respect of its common stock. As a result, it is possible that an investment in a SPAC may lose value.\n\nBut then the filing getsveryinteresting - language is removed that allows ARK funds to take even largerconcentrations in names - in addition to over-the-counter traded ADRs, which are notoriously riskier products than normal equity.\nThe amendment removes ARK's limit to invest 10% of its total assets in any active fund in ADRs that are traded over-the-counter.\nOn top of that, the amended prospectus removes language that formerly limited ARK to investing no more than 30% of a fund's total assets into securities issued by a single company. Another \"rule\" removed was language preventing ARK from investing in more than 20% of a company's total outstanding shares.\nThe amendments portend ARK piling further into concentrated, high-risk names that dominate their respective funds. Wood's recent rotation out of big cap names like Microsoft and into \"speculative\" smaller cap companies like Workhorse and Vuzix has made it clear that the firm's appetite for risk continues to grow as NASDAQ volatility continues.\nObviously, if a pin is finally going to prick the NASDAQ gamma bubble that has blown up over the last 12 months, the higher Wood's concentration in speculative names, the more spectacular a crash would be for ARK funds.\nBut for now, ARK continues to hold up - we noted itwill be launchingits Space ETF as soon as this week. And despite noting that theNASDAQ gamma squeezeappears to be over, Wood and her team seem hell bent on continuing to tempt fate. We'll keep a close eye on the situation going forward.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":355843393,"gmtCreate":1617063183012,"gmtModify":1634522889434,"author":{"id":"3559787818034959","authorId":"3559787818034959","name":"Ericlam","avatar":"https://static.tigerbbs.com/f2154f4bb8afd22f8e6fde60b57acb69","vip":1,"crmLevel":7,"crmLevelSwitch":0,"idStr":"3559787818034959","authorIdStr":"3559787818034959"},"htmlText":"Into higher risk?","listText":"Into higher risk?","text":"Into higher risk?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":4,"repostSize":0,"link":"https://laohu8.com/post/355843393","repostId":1108487611,"repostType":4,"repost":{"id":"1108487611","kind":"news","pubTimestamp":1617030137,"share":"https://www.laohu8.com/m/news/1108487611?lang=&edition=full","pubTime":"2021-03-29 23:02","market":"us","language":"en","title":"ARK Funds Amend ETF Prospectus To Remove Investment Concentration Limits","url":"https://stock-news.laohu8.com/highlight/detail?id=1108487611","media":"zerohedge","summary":"We have been following the volatility with flows in and out of ARK Funds over the last few months, make note of Cathie Wood's performance and \"proprietary\" investing style as the NASDAQ has whipsawed back and forth for the better part of 2021.Now, it looks like ARK is making some changes in its disclosures commensurate with its recent \"active investing style\", wherein it has been rotating out of large cap tech names and into smaller, more speculative names, especially in its ARKK flagship fund.A","content":"<p>We have been following the volatility with flows in and out of ARK Funds over the last few months, make note of Cathie Wood's performance and \"proprietary\" investing style as the NASDAQ has whipsawed back and forth for the better part of 2021.</p>\n<p>Now, it looks like ARK is making some changes in its disclosures commensurate with its recent \"active investing style\", wherein it has been rotating out of large cap tech names and into smaller, more speculative names, especially in its ARKK flagship fund.</p>\n<p>ARK funds filed an amendment to its prospectuses for its ETFs on Friday, making some little recognized changes that were caught by&nbsp;@syouth1 on Twitterover the weekend.</p>\n<p><img src=\"https://static.tigerbbs.com/b33212d1be9470754b1d7207c20f1b74\" tg-width=\"469\" tg-height=\"694\">As the tweet notes, the new ARKSEC filing&nbsp;does several things. First, on a perfunctory note, it specifies risks related to investing in SPACs, noting that they are \"subject to a variety of risks beyond those associated with other equity securities\".</p>\n<blockquote>\n <i>Special Purpose Acquisition Companies (SPACs)</i>. The Fund may invest in stock of, warrants to purchase stock of, and other interests in SPACs or similar special purposes entities. A SPAC is a publicly traded company that raises investment capital for the purpose of acquiring or merging with an existing company. Investments in SPACs and similar entities are subject to a variety of risks beyond those associated with other equity securities. Because SPACs and similar entities do not have any operating history or ongoing business other than seeking acquisitions, the value of their securities is particularly dependent on the ability of the SPAC’s management to identify a merger target and complete an acquisition. Until an acquisition or merger is completed, a SPAC generally invests its assets, less a portion retained to cover expenses, in U.S. government securities, money market securities and cash and does not typically pay dividends in respect of its common stock. As a result, it is possible that an investment in a SPAC may lose value.\n</blockquote>\n<p>But then the filing gets<i>very</i>interesting - language is removed that allows ARK funds to take&nbsp;<i>even larger</i>concentrations in names - in addition to over-the-counter traded ADRs, which are notoriously riskier products than normal equity.</p>\n<p>The amendment&nbsp;removes&nbsp;ARK's limit to invest 10% of its total assets in any active fund in ADRs that are traded over-the-counter.</p>\n<p><img src=\"https://static.tigerbbs.com/2bce1e8e9b6703975f8c9e2d9074a96d\" tg-width=\"500\" tg-height=\"121\">On top of that, the amended prospectus removes language that formerly limited ARK to investing no more than 30% of a fund's&nbsp;total assets into securities issued by a single company. Another \"rule\" removed was language preventing ARK from investing in more than 20% of a company's total outstanding shares.</p>\n<p><img src=\"https://static.tigerbbs.com/cce6710dda8e17521ae59148059b26a1\" tg-width=\"500\" tg-height=\"205\">The amendments portend ARK piling further into concentrated, high-risk names that dominate their respective funds. Wood's recent rotation out of big cap names like Microsoft and into \"speculative\" smaller cap companies like Workhorse and Vuzix has made it clear that the firm's appetite for risk continues to grow as NASDAQ volatility continues.</p>\n<p>Obviously, if a pin is finally going to prick the NASDAQ gamma bubble that has blown up over the last 12 months, the higher Wood's concentration in speculative names, the more spectacular a crash would be for ARK funds.</p>\n<p>But for now, ARK continues to hold up - we noted itwill be launchingits Space ETF as soon as this week. And despite noting that theNASDAQ gamma squeezeappears to be over, Wood and her team seem hell bent on continuing to tempt fate. We'll keep a close eye on the situation going forward.</p>\n<p></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>ARK Funds Amend ETF Prospectus To Remove Investment Concentration Limits</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; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\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\">\nARK Funds Amend ETF Prospectus To Remove Investment Concentration Limits\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-29 23:02 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.zerohedge.com/markets/ark-funds-amend-etf-prospectus-remove-investment-concentration-limits?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedge+-+on+a+long+enough+timeline%2C+the+survival+rate+for+everyone+drops+to+zero%29><strong>zerohedge</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>We have been following the volatility with flows in and out of ARK Funds over the last few months, make note of Cathie Wood's performance and \"proprietary\" investing style as the NASDAQ has whipsawed ...</p>\n\n<a href=\"https://www.zerohedge.com/markets/ark-funds-amend-etf-prospectus-remove-investment-concentration-limits?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedge+-+on+a+long+enough+timeline%2C+the+survival+rate+for+everyone+drops+to+zero%29\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.zerohedge.com/markets/ark-funds-amend-etf-prospectus-remove-investment-concentration-limits?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedge+-+on+a+long+enough+timeline%2C+the+survival+rate+for+everyone+drops+to+zero%29","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1108487611","content_text":"We have been following the volatility with flows in and out of ARK Funds over the last few months, make note of Cathie Wood's performance and \"proprietary\" investing style as the NASDAQ has whipsawed back and forth for the better part of 2021.\nNow, it looks like ARK is making some changes in its disclosures commensurate with its recent \"active investing style\", wherein it has been rotating out of large cap tech names and into smaller, more speculative names, especially in its ARKK flagship fund.\nARK funds filed an amendment to its prospectuses for its ETFs on Friday, making some little recognized changes that were caught by @syouth1 on Twitterover the weekend.\nAs the tweet notes, the new ARKSEC filing does several things. First, on a perfunctory note, it specifies risks related to investing in SPACs, noting that they are \"subject to a variety of risks beyond those associated with other equity securities\".\n\nSpecial Purpose Acquisition Companies (SPACs). The Fund may invest in stock of, warrants to purchase stock of, and other interests in SPACs or similar special purposes entities. A SPAC is a publicly traded company that raises investment capital for the purpose of acquiring or merging with an existing company. Investments in SPACs and similar entities are subject to a variety of risks beyond those associated with other equity securities. Because SPACs and similar entities do not have any operating history or ongoing business other than seeking acquisitions, the value of their securities is particularly dependent on the ability of the SPAC’s management to identify a merger target and complete an acquisition. Until an acquisition or merger is completed, a SPAC generally invests its assets, less a portion retained to cover expenses, in U.S. government securities, money market securities and cash and does not typically pay dividends in respect of its common stock. As a result, it is possible that an investment in a SPAC may lose value.\n\nBut then the filing getsveryinteresting - language is removed that allows ARK funds to take even largerconcentrations in names - in addition to over-the-counter traded ADRs, which are notoriously riskier products than normal equity.\nThe amendment removes ARK's limit to invest 10% of its total assets in any active fund in ADRs that are traded over-the-counter.\nOn top of that, the amended prospectus removes language that formerly limited ARK to investing no more than 30% of a fund's total assets into securities issued by a single company. Another \"rule\" removed was language preventing ARK from investing in more than 20% of a company's total outstanding shares.\nThe amendments portend ARK piling further into concentrated, high-risk names that dominate their respective funds. Wood's recent rotation out of big cap names like Microsoft and into \"speculative\" smaller cap companies like Workhorse and Vuzix has made it clear that the firm's appetite for risk continues to grow as NASDAQ volatility continues.\nObviously, if a pin is finally going to prick the NASDAQ gamma bubble that has blown up over the last 12 months, the higher Wood's concentration in speculative names, the more spectacular a crash would be for ARK funds.\nBut for now, ARK continues to hold up - we noted itwill be launchingits Space ETF as soon as this week. And despite noting that theNASDAQ gamma squeezeappears to be over, Wood and her team seem hell bent on continuing to tempt fate. We'll keep a close eye on the situation going forward.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":3916629,"gmtCreate":1617064085488,"gmtModify":1635746805492,"authorId":3560138341869725,"author":{"id":3560138341869725,"idStr":"3560138341869725","authorId":3560138341869725,"name":"jonbeloved","avatar":"https://static.tigerbbs.com/1312ffb19627a11a2ad03b49693f53dd","vip":1,"crmLevel":3,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":355843393,"type":1,"supId":0,"prevId":0,"content":"Yeah","text":"Yeah","html":"Yeah"},{"id":3917044,"gmtCreate":1617066296325,"gmtModify":1635746774129,"authorId":3576629019645766,"author":{"id":3576629019645766,"idStr":"3576629019645766","authorId":3576629019645766,"name":"Potato3","avatar":"https://static.tigerbbs.com/27c3506ac91aba524d8796fabd50c2f8","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":355843393,"type":1,"supId":0,"prevId":0,"content":"Overconfidence possibly? Had a great 2020 &amp; trying hard not to lose investors by betting bigger and riskier investments?","text":"Overconfidence possibly? Had a great 2020 &amp; trying hard not to lose investors by betting bigger and riskier investments?","html":"Overconfidence possibly? Had a great 2020 &amp; trying hard not to lose investors by betting bigger and riskier investments?"},{"id":3917097,"gmtCreate":1617066517441,"gmtModify":1635746769744,"authorId":3559787818034959,"author":{"id":3559787818034959,"idStr":"3559787818034959","authorId":3559787818034959,"name":"Ericlam","avatar":"https://static.tigerbbs.com/f2154f4bb8afd22f8e6fde60b57acb69","vip":1,"crmLevel":7,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":355843393,"type":1,"supId":3917044,"prevId":0,"content":"Nice","text":"Nice","html":"Nice"},{"id":3917099,"gmtCreate":1617066533123,"gmtModify":1635746769525,"authorId":3559787818034959,"author":{"id":3559787818034959,"idStr":"3559787818034959","authorId":3559787818034959,"name":"Ericlam","avatar":"https://static.tigerbbs.com/f2154f4bb8afd22f8e6fde60b57acb69","vip":1,"crmLevel":7,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":355843393,"type":1,"supId":3916629,"prevId":0,"content":"Nice","text":"Nice","html":"Nice"}],"langContent":"EN"},{"id":355851626,"gmtCreate":1617062621665,"gmtModify":1634522895755,"author":{"id":"3561259559295872","authorId":"3561259559295872","name":"SquareGuy","avatar":"https://static.tigerbbs.com/c4aa86e9311a7ff0643a2e9f93645a8c","vip":1,"crmLevel":5,"crmLevelSwitch":0,"idStr":"3561259559295872","authorIdStr":"3561259559295872"},"htmlText":"I love the idea of Ark buying more big caps $tsla Tesla , $U and small caps too","listText":"I love the idea of Ark buying more big caps $tsla Tesla , $U and small caps too","text":"I love the idea of Ark buying more big caps $tsla Tesla , $U and small caps too","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":3,"repostSize":0,"link":"https://laohu8.com/post/355851626","repostId":1108487611,"repostType":4,"repost":{"id":"1108487611","kind":"news","pubTimestamp":1617030137,"share":"https://www.laohu8.com/m/news/1108487611?lang=&edition=full","pubTime":"2021-03-29 23:02","market":"us","language":"en","title":"ARK Funds Amend ETF Prospectus To Remove Investment Concentration Limits","url":"https://stock-news.laohu8.com/highlight/detail?id=1108487611","media":"zerohedge","summary":"We have been following the volatility with flows in and out of ARK Funds over the last few months, make note of Cathie Wood's performance and \"proprietary\" investing style as the NASDAQ has whipsawed back and forth for the better part of 2021.Now, it looks like ARK is making some changes in its disclosures commensurate with its recent \"active investing style\", wherein it has been rotating out of large cap tech names and into smaller, more speculative names, especially in its ARKK flagship fund.A","content":"<p>We have been following the volatility with flows in and out of ARK Funds over the last few months, make note of Cathie Wood's performance and \"proprietary\" investing style as the NASDAQ has whipsawed back and forth for the better part of 2021.</p>\n<p>Now, it looks like ARK is making some changes in its disclosures commensurate with its recent \"active investing style\", wherein it has been rotating out of large cap tech names and into smaller, more speculative names, especially in its ARKK flagship fund.</p>\n<p>ARK funds filed an amendment to its prospectuses for its ETFs on Friday, making some little recognized changes that were caught by&nbsp;@syouth1 on Twitterover the weekend.</p>\n<p><img src=\"https://static.tigerbbs.com/b33212d1be9470754b1d7207c20f1b74\" tg-width=\"469\" tg-height=\"694\">As the tweet notes, the new ARKSEC filing&nbsp;does several things. First, on a perfunctory note, it specifies risks related to investing in SPACs, noting that they are \"subject to a variety of risks beyond those associated with other equity securities\".</p>\n<blockquote>\n <i>Special Purpose Acquisition Companies (SPACs)</i>. The Fund may invest in stock of, warrants to purchase stock of, and other interests in SPACs or similar special purposes entities. A SPAC is a publicly traded company that raises investment capital for the purpose of acquiring or merging with an existing company. Investments in SPACs and similar entities are subject to a variety of risks beyond those associated with other equity securities. Because SPACs and similar entities do not have any operating history or ongoing business other than seeking acquisitions, the value of their securities is particularly dependent on the ability of the SPAC’s management to identify a merger target and complete an acquisition. Until an acquisition or merger is completed, a SPAC generally invests its assets, less a portion retained to cover expenses, in U.S. government securities, money market securities and cash and does not typically pay dividends in respect of its common stock. As a result, it is possible that an investment in a SPAC may lose value.\n</blockquote>\n<p>But then the filing gets<i>very</i>interesting - language is removed that allows ARK funds to take&nbsp;<i>even larger</i>concentrations in names - in addition to over-the-counter traded ADRs, which are notoriously riskier products than normal equity.</p>\n<p>The amendment&nbsp;removes&nbsp;ARK's limit to invest 10% of its total assets in any active fund in ADRs that are traded over-the-counter.</p>\n<p><img src=\"https://static.tigerbbs.com/2bce1e8e9b6703975f8c9e2d9074a96d\" tg-width=\"500\" tg-height=\"121\">On top of that, the amended prospectus removes language that formerly limited ARK to investing no more than 30% of a fund's&nbsp;total assets into securities issued by a single company. Another \"rule\" removed was language preventing ARK from investing in more than 20% of a company's total outstanding shares.</p>\n<p><img src=\"https://static.tigerbbs.com/cce6710dda8e17521ae59148059b26a1\" tg-width=\"500\" tg-height=\"205\">The amendments portend ARK piling further into concentrated, high-risk names that dominate their respective funds. Wood's recent rotation out of big cap names like Microsoft and into \"speculative\" smaller cap companies like Workhorse and Vuzix has made it clear that the firm's appetite for risk continues to grow as NASDAQ volatility continues.</p>\n<p>Obviously, if a pin is finally going to prick the NASDAQ gamma bubble that has blown up over the last 12 months, the higher Wood's concentration in speculative names, the more spectacular a crash would be for ARK funds.</p>\n<p>But for now, ARK continues to hold up - we noted itwill be launchingits Space ETF as soon as this week. And despite noting that theNASDAQ gamma squeezeappears to be over, Wood and her team seem hell bent on continuing to tempt fate. We'll keep a close eye on the situation going forward.</p>\n<p></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>ARK Funds Amend ETF Prospectus To Remove Investment Concentration Limits</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; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\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\">\nARK Funds Amend ETF Prospectus To Remove Investment Concentration Limits\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-29 23:02 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.zerohedge.com/markets/ark-funds-amend-etf-prospectus-remove-investment-concentration-limits?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedge+-+on+a+long+enough+timeline%2C+the+survival+rate+for+everyone+drops+to+zero%29><strong>zerohedge</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>We have been following the volatility with flows in and out of ARK Funds over the last few months, make note of Cathie Wood's performance and \"proprietary\" investing style as the NASDAQ has whipsawed ...</p>\n\n<a href=\"https://www.zerohedge.com/markets/ark-funds-amend-etf-prospectus-remove-investment-concentration-limits?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedge+-+on+a+long+enough+timeline%2C+the+survival+rate+for+everyone+drops+to+zero%29\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.zerohedge.com/markets/ark-funds-amend-etf-prospectus-remove-investment-concentration-limits?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedge+-+on+a+long+enough+timeline%2C+the+survival+rate+for+everyone+drops+to+zero%29","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1108487611","content_text":"We have been following the volatility with flows in and out of ARK Funds over the last few months, make note of Cathie Wood's performance and \"proprietary\" investing style as the NASDAQ has whipsawed back and forth for the better part of 2021.\nNow, it looks like ARK is making some changes in its disclosures commensurate with its recent \"active investing style\", wherein it has been rotating out of large cap tech names and into smaller, more speculative names, especially in its ARKK flagship fund.\nARK funds filed an amendment to its prospectuses for its ETFs on Friday, making some little recognized changes that were caught by @syouth1 on Twitterover the weekend.\nAs the tweet notes, the new ARKSEC filing does several things. First, on a perfunctory note, it specifies risks related to investing in SPACs, noting that they are \"subject to a variety of risks beyond those associated with other equity securities\".\n\nSpecial Purpose Acquisition Companies (SPACs). The Fund may invest in stock of, warrants to purchase stock of, and other interests in SPACs or similar special purposes entities. A SPAC is a publicly traded company that raises investment capital for the purpose of acquiring or merging with an existing company. Investments in SPACs and similar entities are subject to a variety of risks beyond those associated with other equity securities. Because SPACs and similar entities do not have any operating history or ongoing business other than seeking acquisitions, the value of their securities is particularly dependent on the ability of the SPAC’s management to identify a merger target and complete an acquisition. Until an acquisition or merger is completed, a SPAC generally invests its assets, less a portion retained to cover expenses, in U.S. government securities, money market securities and cash and does not typically pay dividends in respect of its common stock. As a result, it is possible that an investment in a SPAC may lose value.\n\nBut then the filing getsveryinteresting - language is removed that allows ARK funds to take even largerconcentrations in names - in addition to over-the-counter traded ADRs, which are notoriously riskier products than normal equity.\nThe amendment removes ARK's limit to invest 10% of its total assets in any active fund in ADRs that are traded over-the-counter.\nOn top of that, the amended prospectus removes language that formerly limited ARK to investing no more than 30% of a fund's total assets into securities issued by a single company. Another \"rule\" removed was language preventing ARK from investing in more than 20% of a company's total outstanding shares.\nThe amendments portend ARK piling further into concentrated, high-risk names that dominate their respective funds. Wood's recent rotation out of big cap names like Microsoft and into \"speculative\" smaller cap companies like Workhorse and Vuzix has made it clear that the firm's appetite for risk continues to grow as NASDAQ volatility continues.\nObviously, if a pin is finally going to prick the NASDAQ gamma bubble that has blown up over the last 12 months, the higher Wood's concentration in speculative names, the more spectacular a crash would be for ARK funds.\nBut for now, ARK continues to hold up - we noted itwill be launchingits Space ETF as soon as this week. And despite noting that theNASDAQ gamma squeezeappears to be over, Wood and her team seem hell bent on continuing to tempt fate. We'll keep a close eye on the situation going forward.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":3916374,"gmtCreate":1617062993540,"gmtModify":1635746826071,"authorId":3562124135078682,"author":{"id":3562124135078682,"idStr":"3562124135078682","authorId":3562124135078682,"name":"dearpat","avatar":"https://static.tigerbbs.com/9072a048663c0910db6a2b1378b5b5a7","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":355851626,"type":1,"supId":0,"prevId":0,"content":"Risky but applaud their guts! Not sure about tesla but U and other small caps that they have are great.","text":"Risky but applaud their guts! Not sure about tesla but U and other small caps that they have are great.","html":"Risky but applaud their guts! Not sure about tesla but U and other small caps that they have are great."},{"id":3916790,"gmtCreate":1617064825318,"gmtModify":1635746792104,"authorId":3572783242188448,"author":{"id":3572783242188448,"idStr":"3572783242188448","authorId":3572783242188448,"name":"勇敢的謝爾頓","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":355851626,"type":1,"supId":0,"prevId":0,"content":"[惊讶]","text":"[惊讶]","html":"[惊讶]"},{"id":3921703,"gmtCreate":1617108919582,"gmtModify":1635746504085,"authorId":3561259559295872,"author":{"id":3561259559295872,"idStr":"3561259559295872","authorId":3561259559295872,"name":"SquareGuy","avatar":"https://static.tigerbbs.com/c4aa86e9311a7ff0643a2e9f93645a8c","vip":1,"crmLevel":5,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":355851626,"type":1,"supId":3916374,"prevId":0,"content":"Hi Pat, <u>Let's</u> see how quickTesla reaches Cathies worst case PT of 1500","text":"Hi Pat, <u>Let's</u> see how quickTesla reaches Cathies worst case PT of 1500","html":"Hi Pat, <u>Let's</u> see how quickTesla reaches Cathies worst case PT of 1500"}],"langContent":"EN"},{"id":355853000,"gmtCreate":1617062538200,"gmtModify":1634522897396,"author":{"id":"3572474896190235","authorId":"3572474896190235","name":"Zoyoyo","avatar":"https://static.tigerbbs.com/95ad51f5e7e50d18d8bc2eab6cd33224","vip":1,"crmLevel":4,"crmLevelSwitch":0,"idStr":"3572474896190235","authorIdStr":"3572474896190235"},"htmlText":"Dgg man","listText":"Dgg man","text":"Dgg man","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/355853000","repostId":1108487611,"repostType":4,"repost":{"id":"1108487611","kind":"news","pubTimestamp":1617030137,"share":"https://www.laohu8.com/m/news/1108487611?lang=&edition=full","pubTime":"2021-03-29 23:02","market":"us","language":"en","title":"ARK Funds Amend ETF Prospectus To Remove Investment Concentration Limits","url":"https://stock-news.laohu8.com/highlight/detail?id=1108487611","media":"zerohedge","summary":"We have been following the volatility with flows in and out of ARK Funds over the last few months, make note of Cathie Wood's performance and \"proprietary\" investing style as the NASDAQ has whipsawed back and forth for the better part of 2021.Now, it looks like ARK is making some changes in its disclosures commensurate with its recent \"active investing style\", wherein it has been rotating out of large cap tech names and into smaller, more speculative names, especially in its ARKK flagship fund.A","content":"<p>We have been following the volatility with flows in and out of ARK Funds over the last few months, make note of Cathie Wood's performance and \"proprietary\" investing style as the NASDAQ has whipsawed back and forth for the better part of 2021.</p>\n<p>Now, it looks like ARK is making some changes in its disclosures commensurate with its recent \"active investing style\", wherein it has been rotating out of large cap tech names and into smaller, more speculative names, especially in its ARKK flagship fund.</p>\n<p>ARK funds filed an amendment to its prospectuses for its ETFs on Friday, making some little recognized changes that were caught by&nbsp;@syouth1 on Twitterover the weekend.</p>\n<p><img src=\"https://static.tigerbbs.com/b33212d1be9470754b1d7207c20f1b74\" tg-width=\"469\" tg-height=\"694\">As the tweet notes, the new ARKSEC filing&nbsp;does several things. First, on a perfunctory note, it specifies risks related to investing in SPACs, noting that they are \"subject to a variety of risks beyond those associated with other equity securities\".</p>\n<blockquote>\n <i>Special Purpose Acquisition Companies (SPACs)</i>. The Fund may invest in stock of, warrants to purchase stock of, and other interests in SPACs or similar special purposes entities. A SPAC is a publicly traded company that raises investment capital for the purpose of acquiring or merging with an existing company. Investments in SPACs and similar entities are subject to a variety of risks beyond those associated with other equity securities. Because SPACs and similar entities do not have any operating history or ongoing business other than seeking acquisitions, the value of their securities is particularly dependent on the ability of the SPAC’s management to identify a merger target and complete an acquisition. Until an acquisition or merger is completed, a SPAC generally invests its assets, less a portion retained to cover expenses, in U.S. government securities, money market securities and cash and does not typically pay dividends in respect of its common stock. As a result, it is possible that an investment in a SPAC may lose value.\n</blockquote>\n<p>But then the filing gets<i>very</i>interesting - language is removed that allows ARK funds to take&nbsp;<i>even larger</i>concentrations in names - in addition to over-the-counter traded ADRs, which are notoriously riskier products than normal equity.</p>\n<p>The amendment&nbsp;removes&nbsp;ARK's limit to invest 10% of its total assets in any active fund in ADRs that are traded over-the-counter.</p>\n<p><img src=\"https://static.tigerbbs.com/2bce1e8e9b6703975f8c9e2d9074a96d\" tg-width=\"500\" tg-height=\"121\">On top of that, the amended prospectus removes language that formerly limited ARK to investing no more than 30% of a fund's&nbsp;total assets into securities issued by a single company. Another \"rule\" removed was language preventing ARK from investing in more than 20% of a company's total outstanding shares.</p>\n<p><img src=\"https://static.tigerbbs.com/cce6710dda8e17521ae59148059b26a1\" tg-width=\"500\" tg-height=\"205\">The amendments portend ARK piling further into concentrated, high-risk names that dominate their respective funds. Wood's recent rotation out of big cap names like Microsoft and into \"speculative\" smaller cap companies like Workhorse and Vuzix has made it clear that the firm's appetite for risk continues to grow as NASDAQ volatility continues.</p>\n<p>Obviously, if a pin is finally going to prick the NASDAQ gamma bubble that has blown up over the last 12 months, the higher Wood's concentration in speculative names, the more spectacular a crash would be for ARK funds.</p>\n<p>But for now, ARK continues to hold up - we noted itwill be launchingits Space ETF as soon as this week. And despite noting that theNASDAQ gamma squeezeappears to be over, Wood and her team seem hell bent on continuing to tempt fate. We'll keep a close eye on the situation going forward.</p>\n<p></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>ARK Funds Amend ETF Prospectus To Remove Investment Concentration Limits</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; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\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\">\nARK Funds Amend ETF Prospectus To Remove Investment Concentration Limits\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-29 23:02 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.zerohedge.com/markets/ark-funds-amend-etf-prospectus-remove-investment-concentration-limits?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedge+-+on+a+long+enough+timeline%2C+the+survival+rate+for+everyone+drops+to+zero%29><strong>zerohedge</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>We have been following the volatility with flows in and out of ARK Funds over the last few months, make note of Cathie Wood's performance and \"proprietary\" investing style as the NASDAQ has whipsawed ...</p>\n\n<a href=\"https://www.zerohedge.com/markets/ark-funds-amend-etf-prospectus-remove-investment-concentration-limits?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedge+-+on+a+long+enough+timeline%2C+the+survival+rate+for+everyone+drops+to+zero%29\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.zerohedge.com/markets/ark-funds-amend-etf-prospectus-remove-investment-concentration-limits?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedge+-+on+a+long+enough+timeline%2C+the+survival+rate+for+everyone+drops+to+zero%29","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1108487611","content_text":"We have been following the volatility with flows in and out of ARK Funds over the last few months, make note of Cathie Wood's performance and \"proprietary\" investing style as the NASDAQ has whipsawed back and forth for the better part of 2021.\nNow, it looks like ARK is making some changes in its disclosures commensurate with its recent \"active investing style\", wherein it has been rotating out of large cap tech names and into smaller, more speculative names, especially in its ARKK flagship fund.\nARK funds filed an amendment to its prospectuses for its ETFs on Friday, making some little recognized changes that were caught by @syouth1 on Twitterover the weekend.\nAs the tweet notes, the new ARKSEC filing does several things. First, on a perfunctory note, it specifies risks related to investing in SPACs, noting that they are \"subject to a variety of risks beyond those associated with other equity securities\".\n\nSpecial Purpose Acquisition Companies (SPACs). The Fund may invest in stock of, warrants to purchase stock of, and other interests in SPACs or similar special purposes entities. A SPAC is a publicly traded company that raises investment capital for the purpose of acquiring or merging with an existing company. Investments in SPACs and similar entities are subject to a variety of risks beyond those associated with other equity securities. Because SPACs and similar entities do not have any operating history or ongoing business other than seeking acquisitions, the value of their securities is particularly dependent on the ability of the SPAC’s management to identify a merger target and complete an acquisition. Until an acquisition or merger is completed, a SPAC generally invests its assets, less a portion retained to cover expenses, in U.S. government securities, money market securities and cash and does not typically pay dividends in respect of its common stock. As a result, it is possible that an investment in a SPAC may lose value.\n\nBut then the filing getsveryinteresting - language is removed that allows ARK funds to take even largerconcentrations in names - in addition to over-the-counter traded ADRs, which are notoriously riskier products than normal equity.\nThe amendment removes ARK's limit to invest 10% of its total assets in any active fund in ADRs that are traded over-the-counter.\nOn top of that, the amended prospectus removes language that formerly limited ARK to investing no more than 30% of a fund's total assets into securities issued by a single company. Another \"rule\" removed was language preventing ARK from investing in more than 20% of a company's total outstanding shares.\nThe amendments portend ARK piling further into concentrated, high-risk names that dominate their respective funds. Wood's recent rotation out of big cap names like Microsoft and into \"speculative\" smaller cap companies like Workhorse and Vuzix has made it clear that the firm's appetite for risk continues to grow as NASDAQ volatility continues.\nObviously, if a pin is finally going to prick the NASDAQ gamma bubble that has blown up over the last 12 months, the higher Wood's concentration in speculative names, the more spectacular a crash would be for ARK funds.\nBut for now, ARK continues to hold up - we noted itwill be launchingits Space ETF as soon as this week. And despite noting that theNASDAQ gamma squeezeappears to be over, Wood and her team seem hell bent on continuing to tempt fate. We'll keep a close eye on the situation going forward.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":355828627,"gmtCreate":1617062073969,"gmtModify":1634522901625,"author":{"id":"3574906731000207","authorId":"3574906731000207","name":"SSVC","avatar":"https://static.tigerbbs.com/545a5ea462ff4ac7cc100bd3d8d97f72","vip":1,"crmLevel":3,"crmLevelSwitch":0,"idStr":"3574906731000207","authorIdStr":"3574906731000207"},"htmlText":"Pls like and comment thanks","listText":"Pls like and comment thanks","text":"Pls like and comment thanks","images":[],"top":1,"highlighted":2,"essential":1,"paper":1,"likeSize":9,"commentSize":12,"repostSize":0,"link":"https://laohu8.com/post/355828627","repostId":1108487611,"repostType":4,"repost":{"id":"1108487611","kind":"news","pubTimestamp":1617030137,"share":"https://www.laohu8.com/m/news/1108487611?lang=&edition=full","pubTime":"2021-03-29 23:02","market":"us","language":"en","title":"ARK Funds Amend ETF Prospectus To Remove Investment Concentration Limits","url":"https://stock-news.laohu8.com/highlight/detail?id=1108487611","media":"zerohedge","summary":"We have been following the volatility with flows in and out of ARK Funds over the last few months, make note of Cathie Wood's performance and \"proprietary\" investing style as the NASDAQ has whipsawed back and forth for the better part of 2021.Now, it looks like ARK is making some changes in its disclosures commensurate with its recent \"active investing style\", wherein it has been rotating out of large cap tech names and into smaller, more speculative names, especially in its ARKK flagship fund.A","content":"<p>We have been following the volatility with flows in and out of ARK Funds over the last few months, make note of Cathie Wood's performance and \"proprietary\" investing style as the NASDAQ has whipsawed back and forth for the better part of 2021.</p>\n<p>Now, it looks like ARK is making some changes in its disclosures commensurate with its recent \"active investing style\", wherein it has been rotating out of large cap tech names and into smaller, more speculative names, especially in its ARKK flagship fund.</p>\n<p>ARK funds filed an amendment to its prospectuses for its ETFs on Friday, making some little recognized changes that were caught by&nbsp;@syouth1 on Twitterover the weekend.</p>\n<p><img src=\"https://static.tigerbbs.com/b33212d1be9470754b1d7207c20f1b74\" tg-width=\"469\" tg-height=\"694\">As the tweet notes, the new ARKSEC filing&nbsp;does several things. First, on a perfunctory note, it specifies risks related to investing in SPACs, noting that they are \"subject to a variety of risks beyond those associated with other equity securities\".</p>\n<blockquote>\n <i>Special Purpose Acquisition Companies (SPACs)</i>. The Fund may invest in stock of, warrants to purchase stock of, and other interests in SPACs or similar special purposes entities. A SPAC is a publicly traded company that raises investment capital for the purpose of acquiring or merging with an existing company. Investments in SPACs and similar entities are subject to a variety of risks beyond those associated with other equity securities. Because SPACs and similar entities do not have any operating history or ongoing business other than seeking acquisitions, the value of their securities is particularly dependent on the ability of the SPAC’s management to identify a merger target and complete an acquisition. Until an acquisition or merger is completed, a SPAC generally invests its assets, less a portion retained to cover expenses, in U.S. government securities, money market securities and cash and does not typically pay dividends in respect of its common stock. As a result, it is possible that an investment in a SPAC may lose value.\n</blockquote>\n<p>But then the filing gets<i>very</i>interesting - language is removed that allows ARK funds to take&nbsp;<i>even larger</i>concentrations in names - in addition to over-the-counter traded ADRs, which are notoriously riskier products than normal equity.</p>\n<p>The amendment&nbsp;removes&nbsp;ARK's limit to invest 10% of its total assets in any active fund in ADRs that are traded over-the-counter.</p>\n<p><img src=\"https://static.tigerbbs.com/2bce1e8e9b6703975f8c9e2d9074a96d\" tg-width=\"500\" tg-height=\"121\">On top of that, the amended prospectus removes language that formerly limited ARK to investing no more than 30% of a fund's&nbsp;total assets into securities issued by a single company. Another \"rule\" removed was language preventing ARK from investing in more than 20% of a company's total outstanding shares.</p>\n<p><img src=\"https://static.tigerbbs.com/cce6710dda8e17521ae59148059b26a1\" tg-width=\"500\" tg-height=\"205\">The amendments portend ARK piling further into concentrated, high-risk names that dominate their respective funds. Wood's recent rotation out of big cap names like Microsoft and into \"speculative\" smaller cap companies like Workhorse and Vuzix has made it clear that the firm's appetite for risk continues to grow as NASDAQ volatility continues.</p>\n<p>Obviously, if a pin is finally going to prick the NASDAQ gamma bubble that has blown up over the last 12 months, the higher Wood's concentration in speculative names, the more spectacular a crash would be for ARK funds.</p>\n<p>But for now, ARK continues to hold up - we noted itwill be launchingits Space ETF as soon as this week. And despite noting that theNASDAQ gamma squeezeappears to be over, Wood and her team seem hell bent on continuing to tempt fate. We'll keep a close eye on the situation going forward.</p>\n<p></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>ARK Funds Amend ETF Prospectus To Remove Investment Concentration Limits</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; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\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\">\nARK Funds Amend ETF Prospectus To Remove Investment Concentration Limits\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-29 23:02 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.zerohedge.com/markets/ark-funds-amend-etf-prospectus-remove-investment-concentration-limits?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedge+-+on+a+long+enough+timeline%2C+the+survival+rate+for+everyone+drops+to+zero%29><strong>zerohedge</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>We have been following the volatility with flows in and out of ARK Funds over the last few months, make note of Cathie Wood's performance and \"proprietary\" investing style as the NASDAQ has whipsawed ...</p>\n\n<a href=\"https://www.zerohedge.com/markets/ark-funds-amend-etf-prospectus-remove-investment-concentration-limits?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedge+-+on+a+long+enough+timeline%2C+the+survival+rate+for+everyone+drops+to+zero%29\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.zerohedge.com/markets/ark-funds-amend-etf-prospectus-remove-investment-concentration-limits?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedge+-+on+a+long+enough+timeline%2C+the+survival+rate+for+everyone+drops+to+zero%29","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1108487611","content_text":"We have been following the volatility with flows in and out of ARK Funds over the last few months, make note of Cathie Wood's performance and \"proprietary\" investing style as the NASDAQ has whipsawed back and forth for the better part of 2021.\nNow, it looks like ARK is making some changes in its disclosures commensurate with its recent \"active investing style\", wherein it has been rotating out of large cap tech names and into smaller, more speculative names, especially in its ARKK flagship fund.\nARK funds filed an amendment to its prospectuses for its ETFs on Friday, making some little recognized changes that were caught by @syouth1 on Twitterover the weekend.\nAs the tweet notes, the new ARKSEC filing does several things. First, on a perfunctory note, it specifies risks related to investing in SPACs, noting that they are \"subject to a variety of risks beyond those associated with other equity securities\".\n\nSpecial Purpose Acquisition Companies (SPACs). The Fund may invest in stock of, warrants to purchase stock of, and other interests in SPACs or similar special purposes entities. A SPAC is a publicly traded company that raises investment capital for the purpose of acquiring or merging with an existing company. Investments in SPACs and similar entities are subject to a variety of risks beyond those associated with other equity securities. Because SPACs and similar entities do not have any operating history or ongoing business other than seeking acquisitions, the value of their securities is particularly dependent on the ability of the SPAC’s management to identify a merger target and complete an acquisition. Until an acquisition or merger is completed, a SPAC generally invests its assets, less a portion retained to cover expenses, in U.S. government securities, money market securities and cash and does not typically pay dividends in respect of its common stock. As a result, it is possible that an investment in a SPAC may lose value.\n\nBut then the filing getsveryinteresting - language is removed that allows ARK funds to take even largerconcentrations in names - in addition to over-the-counter traded ADRs, which are notoriously riskier products than normal equity.\nThe amendment removes ARK's limit to invest 10% of its total assets in any active fund in ADRs that are traded over-the-counter.\nOn top of that, the amended prospectus removes language that formerly limited ARK to investing no more than 30% of a fund's total assets into securities issued by a single company. Another \"rule\" removed was language preventing ARK from investing in more than 20% of a company's total outstanding shares.\nThe amendments portend ARK piling further into concentrated, high-risk names that dominate their respective funds. Wood's recent rotation out of big cap names like Microsoft and into \"speculative\" smaller cap companies like Workhorse and Vuzix has made it clear that the firm's appetite for risk continues to grow as NASDAQ volatility continues.\nObviously, if a pin is finally going to prick the NASDAQ gamma bubble that has blown up over the last 12 months, the higher Wood's concentration in speculative names, the more spectacular a crash would be for ARK funds.\nBut for now, ARK continues to hold up - we noted itwill be launchingits Space ETF as soon as this week. And despite noting that theNASDAQ gamma squeezeappears to be over, Wood and her team seem hell bent on continuing to tempt fate. We'll keep a close eye on the situation going forward.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":3916250,"gmtCreate":1617062237649,"gmtModify":1635746835863,"authorId":3568505541532942,"author":{"id":3568505541532942,"idStr":"3568505541532942","authorId":3568505541532942,"name":"NARCS","avatar":"https://static.tigerbbs.com/fbfbc9ae9155d076f1a3c969fa4228ab","vip":1,"crmLevel":3,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":355828627,"type":1,"supId":0,"prevId":0,"content":"Buyyyy","text":"Buyyyy","html":"Buyyyy"},{"id":3916251,"gmtCreate":1617062239029,"gmtModify":1635746835753,"authorId":3555376654101817,"author":{"id":3555376654101817,"idStr":"3555376654101817","authorId":3555376654101817,"name":"Huat99","avatar":"https://static.tigerbbs.com/2c30eb3331cf3fbbc42818b462456369","vip":1,"crmLevel":4,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":355828627,"type":1,"supId":0,"prevId":0,"content":"done","text":"done","html":"done"},{"id":3916296,"gmtCreate":1617062511768,"gmtModify":1635746832503,"authorId":3572474896190235,"author":{"id":3572474896190235,"idStr":"3572474896190235","authorId":3572474896190235,"name":"Zoyoyo","avatar":"https://static.tigerbbs.com/95ad51f5e7e50d18d8bc2eab6cd33224","vip":1,"crmLevel":4,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":355828627,"type":1,"supId":0,"prevId":0,"content":"Commment","text":"Commment","html":"Commment"},{"id":3916733,"gmtCreate":1617064540566,"gmtModify":1635746797016,"authorId":3563150446821026,"author":{"id":3563150446821026,"idStr":"3563150446821026","authorId":3563150446821026,"name":"Acella","avatar":"https://static.tigerbbs.com/2712c4bb0bfbec4d2773e012189db3bc","vip":1,"crmLevel":9,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":355828627,"type":1,"supId":0,"prevId":0,"content":"😀","text":"😀","html":"😀"},{"id":3916927,"gmtCreate":1617065675601,"gmtModify":1635746783395,"authorId":3565161371430593,"author":{"id":3565161371430593,"idStr":"3565161371430593","authorId":3565161371430593,"name":"KFFun","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":3,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":355828627,"type":1,"supId":0,"prevId":0,"content":"Done","text":"Done","html":"Done"}],"langContent":"EN"},{"id":355867025,"gmtCreate":1617061659067,"gmtModify":1634522905552,"author":{"id":"3574923462420975","authorId":"3574923462420975","name":"2a6a341c","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3574923462420975","authorIdStr":"3574923462420975"},"htmlText":"sad","listText":"sad","text":"sad","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/355867025","repostId":1108487611,"repostType":4,"repost":{"id":"1108487611","kind":"news","pubTimestamp":1617030137,"share":"https://www.laohu8.com/m/news/1108487611?lang=&edition=full","pubTime":"2021-03-29 23:02","market":"us","language":"en","title":"ARK Funds Amend ETF Prospectus To Remove Investment Concentration Limits","url":"https://stock-news.laohu8.com/highlight/detail?id=1108487611","media":"zerohedge","summary":"We have been following the volatility with flows in and out of ARK Funds over the last few months, make note of Cathie Wood's performance and \"proprietary\" investing style as the NASDAQ has whipsawed back and forth for the better part of 2021.Now, it looks like ARK is making some changes in its disclosures commensurate with its recent \"active investing style\", wherein it has been rotating out of large cap tech names and into smaller, more speculative names, especially in its ARKK flagship fund.A","content":"<p>We have been following the volatility with flows in and out of ARK Funds over the last few months, make note of Cathie Wood's performance and \"proprietary\" investing style as the NASDAQ has whipsawed back and forth for the better part of 2021.</p>\n<p>Now, it looks like ARK is making some changes in its disclosures commensurate with its recent \"active investing style\", wherein it has been rotating out of large cap tech names and into smaller, more speculative names, especially in its ARKK flagship fund.</p>\n<p>ARK funds filed an amendment to its prospectuses for its ETFs on Friday, making some little recognized changes that were caught by&nbsp;@syouth1 on Twitterover the weekend.</p>\n<p><img src=\"https://static.tigerbbs.com/b33212d1be9470754b1d7207c20f1b74\" tg-width=\"469\" tg-height=\"694\">As the tweet notes, the new ARKSEC filing&nbsp;does several things. First, on a perfunctory note, it specifies risks related to investing in SPACs, noting that they are \"subject to a variety of risks beyond those associated with other equity securities\".</p>\n<blockquote>\n <i>Special Purpose Acquisition Companies (SPACs)</i>. The Fund may invest in stock of, warrants to purchase stock of, and other interests in SPACs or similar special purposes entities. A SPAC is a publicly traded company that raises investment capital for the purpose of acquiring or merging with an existing company. Investments in SPACs and similar entities are subject to a variety of risks beyond those associated with other equity securities. Because SPACs and similar entities do not have any operating history or ongoing business other than seeking acquisitions, the value of their securities is particularly dependent on the ability of the SPAC’s management to identify a merger target and complete an acquisition. Until an acquisition or merger is completed, a SPAC generally invests its assets, less a portion retained to cover expenses, in U.S. government securities, money market securities and cash and does not typically pay dividends in respect of its common stock. As a result, it is possible that an investment in a SPAC may lose value.\n</blockquote>\n<p>But then the filing gets<i>very</i>interesting - language is removed that allows ARK funds to take&nbsp;<i>even larger</i>concentrations in names - in addition to over-the-counter traded ADRs, which are notoriously riskier products than normal equity.</p>\n<p>The amendment&nbsp;removes&nbsp;ARK's limit to invest 10% of its total assets in any active fund in ADRs that are traded over-the-counter.</p>\n<p><img src=\"https://static.tigerbbs.com/2bce1e8e9b6703975f8c9e2d9074a96d\" tg-width=\"500\" tg-height=\"121\">On top of that, the amended prospectus removes language that formerly limited ARK to investing no more than 30% of a fund's&nbsp;total assets into securities issued by a single company. Another \"rule\" removed was language preventing ARK from investing in more than 20% of a company's total outstanding shares.</p>\n<p><img src=\"https://static.tigerbbs.com/cce6710dda8e17521ae59148059b26a1\" tg-width=\"500\" tg-height=\"205\">The amendments portend ARK piling further into concentrated, high-risk names that dominate their respective funds. Wood's recent rotation out of big cap names like Microsoft and into \"speculative\" smaller cap companies like Workhorse and Vuzix has made it clear that the firm's appetite for risk continues to grow as NASDAQ volatility continues.</p>\n<p>Obviously, if a pin is finally going to prick the NASDAQ gamma bubble that has blown up over the last 12 months, the higher Wood's concentration in speculative names, the more spectacular a crash would be for ARK funds.</p>\n<p>But for now, ARK continues to hold up - we noted itwill be launchingits Space ETF as soon as this week. And despite noting that theNASDAQ gamma squeezeappears to be over, Wood and her team seem hell bent on continuing to tempt fate. We'll keep a close eye on the situation going forward.</p>\n<p></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>ARK Funds Amend ETF Prospectus To Remove Investment Concentration Limits</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; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\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\">\nARK Funds Amend ETF Prospectus To Remove Investment Concentration Limits\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-29 23:02 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.zerohedge.com/markets/ark-funds-amend-etf-prospectus-remove-investment-concentration-limits?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedge+-+on+a+long+enough+timeline%2C+the+survival+rate+for+everyone+drops+to+zero%29><strong>zerohedge</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>We have been following the volatility with flows in and out of ARK Funds over the last few months, make note of Cathie Wood's performance and \"proprietary\" investing style as the NASDAQ has whipsawed ...</p>\n\n<a href=\"https://www.zerohedge.com/markets/ark-funds-amend-etf-prospectus-remove-investment-concentration-limits?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedge+-+on+a+long+enough+timeline%2C+the+survival+rate+for+everyone+drops+to+zero%29\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.zerohedge.com/markets/ark-funds-amend-etf-prospectus-remove-investment-concentration-limits?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedge+-+on+a+long+enough+timeline%2C+the+survival+rate+for+everyone+drops+to+zero%29","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1108487611","content_text":"We have been following the volatility with flows in and out of ARK Funds over the last few months, make note of Cathie Wood's performance and \"proprietary\" investing style as the NASDAQ has whipsawed back and forth for the better part of 2021.\nNow, it looks like ARK is making some changes in its disclosures commensurate with its recent \"active investing style\", wherein it has been rotating out of large cap tech names and into smaller, more speculative names, especially in its ARKK flagship fund.\nARK funds filed an amendment to its prospectuses for its ETFs on Friday, making some little recognized changes that were caught by @syouth1 on Twitterover the weekend.\nAs the tweet notes, the new ARKSEC filing does several things. First, on a perfunctory note, it specifies risks related to investing in SPACs, noting that they are \"subject to a variety of risks beyond those associated with other equity securities\".\n\nSpecial Purpose Acquisition Companies (SPACs). The Fund may invest in stock of, warrants to purchase stock of, and other interests in SPACs or similar special purposes entities. A SPAC is a publicly traded company that raises investment capital for the purpose of acquiring or merging with an existing company. Investments in SPACs and similar entities are subject to a variety of risks beyond those associated with other equity securities. Because SPACs and similar entities do not have any operating history or ongoing business other than seeking acquisitions, the value of their securities is particularly dependent on the ability of the SPAC’s management to identify a merger target and complete an acquisition. Until an acquisition or merger is completed, a SPAC generally invests its assets, less a portion retained to cover expenses, in U.S. government securities, money market securities and cash and does not typically pay dividends in respect of its common stock. As a result, it is possible that an investment in a SPAC may lose value.\n\nBut then the filing getsveryinteresting - language is removed that allows ARK funds to take even largerconcentrations in names - in addition to over-the-counter traded ADRs, which are notoriously riskier products than normal equity.\nThe amendment removes ARK's limit to invest 10% of its total assets in any active fund in ADRs that are traded over-the-counter.\nOn top of that, the amended prospectus removes language that formerly limited ARK to investing no more than 30% of a fund's total assets into securities issued by a single company. Another \"rule\" removed was language preventing ARK from investing in more than 20% of a company's total outstanding shares.\nThe amendments portend ARK piling further into concentrated, high-risk names that dominate their respective funds. Wood's recent rotation out of big cap names like Microsoft and into \"speculative\" smaller cap companies like Workhorse and Vuzix has made it clear that the firm's appetite for risk continues to grow as NASDAQ volatility continues.\nObviously, if a pin is finally going to prick the NASDAQ gamma bubble that has blown up over the last 12 months, the higher Wood's concentration in speculative names, the more spectacular a crash would be for ARK funds.\nBut for now, ARK continues to hold up - we noted itwill be launchingits Space ETF as soon as this week. And despite noting that theNASDAQ gamma squeezeappears to be over, Wood and her team seem hell bent on continuing to tempt fate. We'll keep a close eye on the situation going forward.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":355868297,"gmtCreate":1617061325919,"gmtModify":1634522909519,"author":{"id":"3574112412563523","authorId":"3574112412563523","name":"BuyX3","avatar":"https://static.tigerbbs.com/9019b5c7aa84731a89c4a618178ab761","vip":1,"crmLevel":5,"crmLevelSwitch":0,"idStr":"3574112412563523","authorIdStr":"3574112412563523"},"htmlText":"Lazy way to invest. Please comment and like. Thanks.","listText":"Lazy way to invest. Please comment and like. Thanks.","text":"Lazy way to invest. Please comment and like. Thanks.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/355868297","repostId":1108487611,"repostType":4,"repost":{"id":"1108487611","kind":"news","pubTimestamp":1617030137,"share":"https://www.laohu8.com/m/news/1108487611?lang=&edition=full","pubTime":"2021-03-29 23:02","market":"us","language":"en","title":"ARK Funds Amend ETF Prospectus To Remove Investment Concentration Limits","url":"https://stock-news.laohu8.com/highlight/detail?id=1108487611","media":"zerohedge","summary":"We have been following the volatility with flows in and out of ARK Funds over the last few months, make note of Cathie Wood's performance and \"proprietary\" investing style as the NASDAQ has whipsawed back and forth for the better part of 2021.Now, it looks like ARK is making some changes in its disclosures commensurate with its recent \"active investing style\", wherein it has been rotating out of large cap tech names and into smaller, more speculative names, especially in its ARKK flagship fund.A","content":"<p>We have been following the volatility with flows in and out of ARK Funds over the last few months, make note of Cathie Wood's performance and \"proprietary\" investing style as the NASDAQ has whipsawed back and forth for the better part of 2021.</p>\n<p>Now, it looks like ARK is making some changes in its disclosures commensurate with its recent \"active investing style\", wherein it has been rotating out of large cap tech names and into smaller, more speculative names, especially in its ARKK flagship fund.</p>\n<p>ARK funds filed an amendment to its prospectuses for its ETFs on Friday, making some little recognized changes that were caught by&nbsp;@syouth1 on Twitterover the weekend.</p>\n<p><img src=\"https://static.tigerbbs.com/b33212d1be9470754b1d7207c20f1b74\" tg-width=\"469\" tg-height=\"694\">As the tweet notes, the new ARKSEC filing&nbsp;does several things. First, on a perfunctory note, it specifies risks related to investing in SPACs, noting that they are \"subject to a variety of risks beyond those associated with other equity securities\".</p>\n<blockquote>\n <i>Special Purpose Acquisition Companies (SPACs)</i>. The Fund may invest in stock of, warrants to purchase stock of, and other interests in SPACs or similar special purposes entities. A SPAC is a publicly traded company that raises investment capital for the purpose of acquiring or merging with an existing company. Investments in SPACs and similar entities are subject to a variety of risks beyond those associated with other equity securities. Because SPACs and similar entities do not have any operating history or ongoing business other than seeking acquisitions, the value of their securities is particularly dependent on the ability of the SPAC’s management to identify a merger target and complete an acquisition. Until an acquisition or merger is completed, a SPAC generally invests its assets, less a portion retained to cover expenses, in U.S. government securities, money market securities and cash and does not typically pay dividends in respect of its common stock. As a result, it is possible that an investment in a SPAC may lose value.\n</blockquote>\n<p>But then the filing gets<i>very</i>interesting - language is removed that allows ARK funds to take&nbsp;<i>even larger</i>concentrations in names - in addition to over-the-counter traded ADRs, which are notoriously riskier products than normal equity.</p>\n<p>The amendment&nbsp;removes&nbsp;ARK's limit to invest 10% of its total assets in any active fund in ADRs that are traded over-the-counter.</p>\n<p><img src=\"https://static.tigerbbs.com/2bce1e8e9b6703975f8c9e2d9074a96d\" tg-width=\"500\" tg-height=\"121\">On top of that, the amended prospectus removes language that formerly limited ARK to investing no more than 30% of a fund's&nbsp;total assets into securities issued by a single company. Another \"rule\" removed was language preventing ARK from investing in more than 20% of a company's total outstanding shares.</p>\n<p><img src=\"https://static.tigerbbs.com/cce6710dda8e17521ae59148059b26a1\" tg-width=\"500\" tg-height=\"205\">The amendments portend ARK piling further into concentrated, high-risk names that dominate their respective funds. Wood's recent rotation out of big cap names like Microsoft and into \"speculative\" smaller cap companies like Workhorse and Vuzix has made it clear that the firm's appetite for risk continues to grow as NASDAQ volatility continues.</p>\n<p>Obviously, if a pin is finally going to prick the NASDAQ gamma bubble that has blown up over the last 12 months, the higher Wood's concentration in speculative names, the more spectacular a crash would be for ARK funds.</p>\n<p>But for now, ARK continues to hold up - we noted itwill be launchingits Space ETF as soon as this week. And despite noting that theNASDAQ gamma squeezeappears to be over, Wood and her team seem hell bent on continuing to tempt fate. We'll keep a close eye on the situation going forward.</p>\n<p></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>ARK Funds Amend ETF Prospectus To Remove Investment Concentration Limits</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; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\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\">\nARK Funds Amend ETF Prospectus To Remove Investment Concentration Limits\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-29 23:02 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.zerohedge.com/markets/ark-funds-amend-etf-prospectus-remove-investment-concentration-limits?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedge+-+on+a+long+enough+timeline%2C+the+survival+rate+for+everyone+drops+to+zero%29><strong>zerohedge</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>We have been following the volatility with flows in and out of ARK Funds over the last few months, make note of Cathie Wood's performance and \"proprietary\" investing style as the NASDAQ has whipsawed ...</p>\n\n<a href=\"https://www.zerohedge.com/markets/ark-funds-amend-etf-prospectus-remove-investment-concentration-limits?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedge+-+on+a+long+enough+timeline%2C+the+survival+rate+for+everyone+drops+to+zero%29\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.zerohedge.com/markets/ark-funds-amend-etf-prospectus-remove-investment-concentration-limits?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedge+-+on+a+long+enough+timeline%2C+the+survival+rate+for+everyone+drops+to+zero%29","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1108487611","content_text":"We have been following the volatility with flows in and out of ARK Funds over the last few months, make note of Cathie Wood's performance and \"proprietary\" investing style as the NASDAQ has whipsawed back and forth for the better part of 2021.\nNow, it looks like ARK is making some changes in its disclosures commensurate with its recent \"active investing style\", wherein it has been rotating out of large cap tech names and into smaller, more speculative names, especially in its ARKK flagship fund.\nARK funds filed an amendment to its prospectuses for its ETFs on Friday, making some little recognized changes that were caught by @syouth1 on Twitterover the weekend.\nAs the tweet notes, the new ARKSEC filing does several things. First, on a perfunctory note, it specifies risks related to investing in SPACs, noting that they are \"subject to a variety of risks beyond those associated with other equity securities\".\n\nSpecial Purpose Acquisition Companies (SPACs). The Fund may invest in stock of, warrants to purchase stock of, and other interests in SPACs or similar special purposes entities. A SPAC is a publicly traded company that raises investment capital for the purpose of acquiring or merging with an existing company. Investments in SPACs and similar entities are subject to a variety of risks beyond those associated with other equity securities. Because SPACs and similar entities do not have any operating history or ongoing business other than seeking acquisitions, the value of their securities is particularly dependent on the ability of the SPAC’s management to identify a merger target and complete an acquisition. Until an acquisition or merger is completed, a SPAC generally invests its assets, less a portion retained to cover expenses, in U.S. government securities, money market securities and cash and does not typically pay dividends in respect of its common stock. As a result, it is possible that an investment in a SPAC may lose value.\n\nBut then the filing getsveryinteresting - language is removed that allows ARK funds to take even largerconcentrations in names - in addition to over-the-counter traded ADRs, which are notoriously riskier products than normal equity.\nThe amendment removes ARK's limit to invest 10% of its total assets in any active fund in ADRs that are traded over-the-counter.\nOn top of that, the amended prospectus removes language that formerly limited ARK to investing no more than 30% of a fund's total assets into securities issued by a single company. Another \"rule\" removed was language preventing ARK from investing in more than 20% of a company's total outstanding shares.\nThe amendments portend ARK piling further into concentrated, high-risk names that dominate their respective funds. Wood's recent rotation out of big cap names like Microsoft and into \"speculative\" smaller cap companies like Workhorse and Vuzix has made it clear that the firm's appetite for risk continues to grow as NASDAQ volatility continues.\nObviously, if a pin is finally going to prick the NASDAQ gamma bubble that has blown up over the last 12 months, the higher Wood's concentration in speculative names, the more spectacular a crash would be for ARK funds.\nBut for now, ARK continues to hold up - we noted itwill be launchingits Space ETF as soon as this week. And despite noting that theNASDAQ gamma squeezeappears to be over, Wood and her team seem hell bent on continuing to tempt fate. We'll keep a close eye on the situation going forward.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":3916099,"gmtCreate":1617061377827,"gmtModify":1635746848027,"authorId":3577229760496516,"author":{"id":3577229760496516,"idStr":"3577229760496516","authorId":3577229760496516,"name":"木吉蒂","avatar":"https://static.tigerbbs.com/89290f2c42589f1e42296c61dde71238","vip":1,"crmLevel":3,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":355868297,"type":1,"supId":0,"prevId":0,"content":"<u>done</u>","text":"<u>done</u>","html":"<u>done</u>"},{"id":3916301,"gmtCreate":1617062528849,"gmtModify":1635746832176,"authorId":3572474896190235,"author":{"id":3572474896190235,"idStr":"3572474896190235","authorId":3572474896190235,"name":"Zoyoyo","avatar":"https://static.tigerbbs.com/95ad51f5e7e50d18d8bc2eab6cd33224","vip":1,"crmLevel":4,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":355868297,"type":1,"supId":0,"prevId":0,"content":"Dkfkf","text":"Dkfkf","html":"Dkfkf"}],"langContent":"EN"},{"id":355869172,"gmtCreate":1617061131596,"gmtModify":1634522911343,"author":{"id":"3574980150965538","authorId":"3574980150965538","name":"真的钻石手","avatar":"https://static.tigerbbs.com/394063a289e727c8c5c2734207c9aabd","vip":1,"crmLevel":9,"crmLevelSwitch":0,"idStr":"3574980150965538","authorIdStr":"3574980150965538"},"htmlText":"Love this ETF [比心]&nbsp;","listText":"Love this ETF [比心]&nbsp;","text":"Love this ETF [比心]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/355869172","repostId":1108487611,"repostType":4,"repost":{"id":"1108487611","kind":"news","pubTimestamp":1617030137,"share":"https://www.laohu8.com/m/news/1108487611?lang=&edition=full","pubTime":"2021-03-29 23:02","market":"us","language":"en","title":"ARK Funds Amend ETF Prospectus To Remove Investment Concentration Limits","url":"https://stock-news.laohu8.com/highlight/detail?id=1108487611","media":"zerohedge","summary":"We have been following the volatility with flows in and out of ARK Funds over the last few months, make note of Cathie Wood's performance and \"proprietary\" investing style as the NASDAQ has whipsawed back and forth for the better part of 2021.Now, it looks like ARK is making some changes in its disclosures commensurate with its recent \"active investing style\", wherein it has been rotating out of large cap tech names and into smaller, more speculative names, especially in its ARKK flagship fund.A","content":"<p>We have been following the volatility with flows in and out of ARK Funds over the last few months, make note of Cathie Wood's performance and \"proprietary\" investing style as the NASDAQ has whipsawed back and forth for the better part of 2021.</p>\n<p>Now, it looks like ARK is making some changes in its disclosures commensurate with its recent \"active investing style\", wherein it has been rotating out of large cap tech names and into smaller, more speculative names, especially in its ARKK flagship fund.</p>\n<p>ARK funds filed an amendment to its prospectuses for its ETFs on Friday, making some little recognized changes that were caught by&nbsp;@syouth1 on Twitterover the weekend.</p>\n<p><img src=\"https://static.tigerbbs.com/b33212d1be9470754b1d7207c20f1b74\" tg-width=\"469\" tg-height=\"694\">As the tweet notes, the new ARKSEC filing&nbsp;does several things. First, on a perfunctory note, it specifies risks related to investing in SPACs, noting that they are \"subject to a variety of risks beyond those associated with other equity securities\".</p>\n<blockquote>\n <i>Special Purpose Acquisition Companies (SPACs)</i>. The Fund may invest in stock of, warrants to purchase stock of, and other interests in SPACs or similar special purposes entities. A SPAC is a publicly traded company that raises investment capital for the purpose of acquiring or merging with an existing company. Investments in SPACs and similar entities are subject to a variety of risks beyond those associated with other equity securities. Because SPACs and similar entities do not have any operating history or ongoing business other than seeking acquisitions, the value of their securities is particularly dependent on the ability of the SPAC’s management to identify a merger target and complete an acquisition. Until an acquisition or merger is completed, a SPAC generally invests its assets, less a portion retained to cover expenses, in U.S. government securities, money market securities and cash and does not typically pay dividends in respect of its common stock. As a result, it is possible that an investment in a SPAC may lose value.\n</blockquote>\n<p>But then the filing gets<i>very</i>interesting - language is removed that allows ARK funds to take&nbsp;<i>even larger</i>concentrations in names - in addition to over-the-counter traded ADRs, which are notoriously riskier products than normal equity.</p>\n<p>The amendment&nbsp;removes&nbsp;ARK's limit to invest 10% of its total assets in any active fund in ADRs that are traded over-the-counter.</p>\n<p><img src=\"https://static.tigerbbs.com/2bce1e8e9b6703975f8c9e2d9074a96d\" tg-width=\"500\" tg-height=\"121\">On top of that, the amended prospectus removes language that formerly limited ARK to investing no more than 30% of a fund's&nbsp;total assets into securities issued by a single company. Another \"rule\" removed was language preventing ARK from investing in more than 20% of a company's total outstanding shares.</p>\n<p><img src=\"https://static.tigerbbs.com/cce6710dda8e17521ae59148059b26a1\" tg-width=\"500\" tg-height=\"205\">The amendments portend ARK piling further into concentrated, high-risk names that dominate their respective funds. Wood's recent rotation out of big cap names like Microsoft and into \"speculative\" smaller cap companies like Workhorse and Vuzix has made it clear that the firm's appetite for risk continues to grow as NASDAQ volatility continues.</p>\n<p>Obviously, if a pin is finally going to prick the NASDAQ gamma bubble that has blown up over the last 12 months, the higher Wood's concentration in speculative names, the more spectacular a crash would be for ARK funds.</p>\n<p>But for now, ARK continues to hold up - we noted itwill be launchingits Space ETF as soon as this week. And despite noting that theNASDAQ gamma squeezeappears to be over, Wood and her team seem hell bent on continuing to tempt fate. We'll keep a close eye on the situation going forward.</p>\n<p></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>ARK Funds Amend ETF Prospectus To Remove Investment Concentration Limits</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; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\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\">\nARK Funds Amend ETF Prospectus To Remove Investment Concentration Limits\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-29 23:02 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.zerohedge.com/markets/ark-funds-amend-etf-prospectus-remove-investment-concentration-limits?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedge+-+on+a+long+enough+timeline%2C+the+survival+rate+for+everyone+drops+to+zero%29><strong>zerohedge</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>We have been following the volatility with flows in and out of ARK Funds over the last few months, make note of Cathie Wood's performance and \"proprietary\" investing style as the NASDAQ has whipsawed ...</p>\n\n<a href=\"https://www.zerohedge.com/markets/ark-funds-amend-etf-prospectus-remove-investment-concentration-limits?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedge+-+on+a+long+enough+timeline%2C+the+survival+rate+for+everyone+drops+to+zero%29\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.zerohedge.com/markets/ark-funds-amend-etf-prospectus-remove-investment-concentration-limits?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedge+-+on+a+long+enough+timeline%2C+the+survival+rate+for+everyone+drops+to+zero%29","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1108487611","content_text":"We have been following the volatility with flows in and out of ARK Funds over the last few months, make note of Cathie Wood's performance and \"proprietary\" investing style as the NASDAQ has whipsawed back and forth for the better part of 2021.\nNow, it looks like ARK is making some changes in its disclosures commensurate with its recent \"active investing style\", wherein it has been rotating out of large cap tech names and into smaller, more speculative names, especially in its ARKK flagship fund.\nARK funds filed an amendment to its prospectuses for its ETFs on Friday, making some little recognized changes that were caught by @syouth1 on Twitterover the weekend.\nAs the tweet notes, the new ARKSEC filing does several things. First, on a perfunctory note, it specifies risks related to investing in SPACs, noting that they are \"subject to a variety of risks beyond those associated with other equity securities\".\n\nSpecial Purpose Acquisition Companies (SPACs). The Fund may invest in stock of, warrants to purchase stock of, and other interests in SPACs or similar special purposes entities. A SPAC is a publicly traded company that raises investment capital for the purpose of acquiring or merging with an existing company. Investments in SPACs and similar entities are subject to a variety of risks beyond those associated with other equity securities. Because SPACs and similar entities do not have any operating history or ongoing business other than seeking acquisitions, the value of their securities is particularly dependent on the ability of the SPAC’s management to identify a merger target and complete an acquisition. Until an acquisition or merger is completed, a SPAC generally invests its assets, less a portion retained to cover expenses, in U.S. government securities, money market securities and cash and does not typically pay dividends in respect of its common stock. As a result, it is possible that an investment in a SPAC may lose value.\n\nBut then the filing getsveryinteresting - language is removed that allows ARK funds to take even largerconcentrations in names - in addition to over-the-counter traded ADRs, which are notoriously riskier products than normal equity.\nThe amendment removes ARK's limit to invest 10% of its total assets in any active fund in ADRs that are traded over-the-counter.\nOn top of that, the amended prospectus removes language that formerly limited ARK to investing no more than 30% of a fund's total assets into securities issued by a single company. Another \"rule\" removed was language preventing ARK from investing in more than 20% of a company's total outstanding shares.\nThe amendments portend ARK piling further into concentrated, high-risk names that dominate their respective funds. Wood's recent rotation out of big cap names like Microsoft and into \"speculative\" smaller cap companies like Workhorse and Vuzix has made it clear that the firm's appetite for risk continues to grow as NASDAQ volatility continues.\nObviously, if a pin is finally going to prick the NASDAQ gamma bubble that has blown up over the last 12 months, the higher Wood's concentration in speculative names, the more spectacular a crash would be for ARK funds.\nBut for now, ARK continues to hold up - we noted itwill be launchingits Space ETF as soon as this week. And despite noting that theNASDAQ gamma squeezeappears to be over, Wood and her team seem hell bent on continuing to tempt fate. We'll keep a close eye on the situation going forward.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":3921664,"gmtCreate":1617108458180,"gmtModify":1635746506271,"authorId":3572770726668540,"author":{"id":3572770726668540,"idStr":"3572770726668540","authorId":3572770726668540,"name":"Blackk","avatar":"https://static.tigerbbs.com/93d9bfa23cdea8af3308e34dedf35d9e","vip":1,"crmLevel":9,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":355869172,"type":1,"supId":0,"prevId":0,"content":"Ok","text":"Ok","html":"Ok"},{"id":3916520,"gmtCreate":1617063589866,"gmtModify":1617063589866,"authorId":3576371892942792,"author":{"id":3576371892942792,"idStr":"3576371892942792","authorId":3576371892942792,"name":"Gigachad","avatar":"https://static.tigerbbs.com/364a97d9d654c75693bbd29342d265f9","vip":1,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":355869172,"type":1,"supId":0,"prevId":0,"content":"Cathie knows stuff 👍","text":"Cathie knows stuff 👍","html":"Cathie knows stuff 👍"}],"langContent":"CN"},{"id":355882942,"gmtCreate":1617060730486,"gmtModify":1634522914802,"author":{"id":"3554270654692944","authorId":"3554270654692944","name":"James3128","avatar":"https://static.tigerbbs.com/5ace08c09b102c90559617c6182a8216","vip":1,"crmLevel":9,"crmLevelSwitch":0,"idStr":"3554270654692944","authorIdStr":"3554270654692944"},"htmlText":"Test","listText":"Test","text":"Test","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/355882942","repostId":1108487611,"repostType":4,"repost":{"id":"1108487611","kind":"news","pubTimestamp":1617030137,"share":"https://www.laohu8.com/m/news/1108487611?lang=&edition=full","pubTime":"2021-03-29 23:02","market":"us","language":"en","title":"ARK Funds Amend ETF Prospectus To Remove Investment Concentration Limits","url":"https://stock-news.laohu8.com/highlight/detail?id=1108487611","media":"zerohedge","summary":"We have been following the volatility with flows in and out of ARK Funds over the last few months, make note of Cathie Wood's performance and \"proprietary\" investing style as the NASDAQ has whipsawed back and forth for the better part of 2021.Now, it looks like ARK is making some changes in its disclosures commensurate with its recent \"active investing style\", wherein it has been rotating out of large cap tech names and into smaller, more speculative names, especially in its ARKK flagship fund.A","content":"<p>We have been following the volatility with flows in and out of ARK Funds over the last few months, make note of Cathie Wood's performance and \"proprietary\" investing style as the NASDAQ has whipsawed back and forth for the better part of 2021.</p>\n<p>Now, it looks like ARK is making some changes in its disclosures commensurate with its recent \"active investing style\", wherein it has been rotating out of large cap tech names and into smaller, more speculative names, especially in its ARKK flagship fund.</p>\n<p>ARK funds filed an amendment to its prospectuses for its ETFs on Friday, making some little recognized changes that were caught by&nbsp;@syouth1 on Twitterover the weekend.</p>\n<p><img src=\"https://static.tigerbbs.com/b33212d1be9470754b1d7207c20f1b74\" tg-width=\"469\" tg-height=\"694\">As the tweet notes, the new ARKSEC filing&nbsp;does several things. First, on a perfunctory note, it specifies risks related to investing in SPACs, noting that they are \"subject to a variety of risks beyond those associated with other equity securities\".</p>\n<blockquote>\n <i>Special Purpose Acquisition Companies (SPACs)</i>. The Fund may invest in stock of, warrants to purchase stock of, and other interests in SPACs or similar special purposes entities. A SPAC is a publicly traded company that raises investment capital for the purpose of acquiring or merging with an existing company. Investments in SPACs and similar entities are subject to a variety of risks beyond those associated with other equity securities. Because SPACs and similar entities do not have any operating history or ongoing business other than seeking acquisitions, the value of their securities is particularly dependent on the ability of the SPAC’s management to identify a merger target and complete an acquisition. Until an acquisition or merger is completed, a SPAC generally invests its assets, less a portion retained to cover expenses, in U.S. government securities, money market securities and cash and does not typically pay dividends in respect of its common stock. As a result, it is possible that an investment in a SPAC may lose value.\n</blockquote>\n<p>But then the filing gets<i>very</i>interesting - language is removed that allows ARK funds to take&nbsp;<i>even larger</i>concentrations in names - in addition to over-the-counter traded ADRs, which are notoriously riskier products than normal equity.</p>\n<p>The amendment&nbsp;removes&nbsp;ARK's limit to invest 10% of its total assets in any active fund in ADRs that are traded over-the-counter.</p>\n<p><img src=\"https://static.tigerbbs.com/2bce1e8e9b6703975f8c9e2d9074a96d\" tg-width=\"500\" tg-height=\"121\">On top of that, the amended prospectus removes language that formerly limited ARK to investing no more than 30% of a fund's&nbsp;total assets into securities issued by a single company. Another \"rule\" removed was language preventing ARK from investing in more than 20% of a company's total outstanding shares.</p>\n<p><img src=\"https://static.tigerbbs.com/cce6710dda8e17521ae59148059b26a1\" tg-width=\"500\" tg-height=\"205\">The amendments portend ARK piling further into concentrated, high-risk names that dominate their respective funds. Wood's recent rotation out of big cap names like Microsoft and into \"speculative\" smaller cap companies like Workhorse and Vuzix has made it clear that the firm's appetite for risk continues to grow as NASDAQ volatility continues.</p>\n<p>Obviously, if a pin is finally going to prick the NASDAQ gamma bubble that has blown up over the last 12 months, the higher Wood's concentration in speculative names, the more spectacular a crash would be for ARK funds.</p>\n<p>But for now, ARK continues to hold up - we noted itwill be launchingits Space ETF as soon as this week. And despite noting that theNASDAQ gamma squeezeappears to be over, Wood and her team seem hell bent on continuing to tempt fate. We'll keep a close eye on the situation going forward.</p>\n<p></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>ARK Funds Amend ETF Prospectus To Remove Investment Concentration Limits</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; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\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\">\nARK Funds Amend ETF Prospectus To Remove Investment Concentration Limits\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-29 23:02 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.zerohedge.com/markets/ark-funds-amend-etf-prospectus-remove-investment-concentration-limits?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedge+-+on+a+long+enough+timeline%2C+the+survival+rate+for+everyone+drops+to+zero%29><strong>zerohedge</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>We have been following the volatility with flows in and out of ARK Funds over the last few months, make note of Cathie Wood's performance and \"proprietary\" investing style as the NASDAQ has whipsawed ...</p>\n\n<a href=\"https://www.zerohedge.com/markets/ark-funds-amend-etf-prospectus-remove-investment-concentration-limits?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedge+-+on+a+long+enough+timeline%2C+the+survival+rate+for+everyone+drops+to+zero%29\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.zerohedge.com/markets/ark-funds-amend-etf-prospectus-remove-investment-concentration-limits?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedge+-+on+a+long+enough+timeline%2C+the+survival+rate+for+everyone+drops+to+zero%29","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1108487611","content_text":"We have been following the volatility with flows in and out of ARK Funds over the last few months, make note of Cathie Wood's performance and \"proprietary\" investing style as the NASDAQ has whipsawed back and forth for the better part of 2021.\nNow, it looks like ARK is making some changes in its disclosures commensurate with its recent \"active investing style\", wherein it has been rotating out of large cap tech names and into smaller, more speculative names, especially in its ARKK flagship fund.\nARK funds filed an amendment to its prospectuses for its ETFs on Friday, making some little recognized changes that were caught by @syouth1 on Twitterover the weekend.\nAs the tweet notes, the new ARKSEC filing does several things. First, on a perfunctory note, it specifies risks related to investing in SPACs, noting that they are \"subject to a variety of risks beyond those associated with other equity securities\".\n\nSpecial Purpose Acquisition Companies (SPACs). The Fund may invest in stock of, warrants to purchase stock of, and other interests in SPACs or similar special purposes entities. A SPAC is a publicly traded company that raises investment capital for the purpose of acquiring or merging with an existing company. Investments in SPACs and similar entities are subject to a variety of risks beyond those associated with other equity securities. Because SPACs and similar entities do not have any operating history or ongoing business other than seeking acquisitions, the value of their securities is particularly dependent on the ability of the SPAC’s management to identify a merger target and complete an acquisition. Until an acquisition or merger is completed, a SPAC generally invests its assets, less a portion retained to cover expenses, in U.S. government securities, money market securities and cash and does not typically pay dividends in respect of its common stock. As a result, it is possible that an investment in a SPAC may lose value.\n\nBut then the filing getsveryinteresting - language is removed that allows ARK funds to take even largerconcentrations in names - in addition to over-the-counter traded ADRs, which are notoriously riskier products than normal equity.\nThe amendment removes ARK's limit to invest 10% of its total assets in any active fund in ADRs that are traded over-the-counter.\nOn top of that, the amended prospectus removes language that formerly limited ARK to investing no more than 30% of a fund's total assets into securities issued by a single company. Another \"rule\" removed was language preventing ARK from investing in more than 20% of a company's total outstanding shares.\nThe amendments portend ARK piling further into concentrated, high-risk names that dominate their respective funds. Wood's recent rotation out of big cap names like Microsoft and into \"speculative\" smaller cap companies like Workhorse and Vuzix has made it clear that the firm's appetite for risk continues to grow as NASDAQ volatility continues.\nObviously, if a pin is finally going to prick the NASDAQ gamma bubble that has blown up over the last 12 months, the higher Wood's concentration in speculative names, the more spectacular a crash would be for ARK funds.\nBut for now, ARK continues to hold up - we noted itwill be launchingits Space ETF as soon as this week. And despite noting that theNASDAQ gamma squeezeappears to be over, Wood and her team seem hell bent on continuing to tempt fate. We'll keep a close eye on the situation going forward.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":3916005,"gmtCreate":1617060855731,"gmtModify":1635746854927,"authorId":3575673707879494,"author":{"id":3575673707879494,"idStr":"3575673707879494","authorId":3575673707879494,"name":"LuCS","avatar":"https://static.tigerbbs.com/d2df61ef98e356911cb6f0b530be11d9","vip":1,"crmLevel":3,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":355882942,"type":1,"supId":0,"prevId":0,"content":"Respond to my comment thanks ","text":"Respond to my comment thanks ","html":"Respond to my comment thanks "},{"id":3916064,"gmtCreate":1617061217847,"gmtModify":1635746850516,"authorId":3574980150965538,"author":{"id":3574980150965538,"idStr":"3574980150965538","authorId":3574980150965538,"name":"真的钻石手","avatar":"https://static.tigerbbs.com/394063a289e727c8c5c2734207c9aabd","vip":1,"crmLevel":9,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":355882942,"type":1,"supId":0,"prevId":0,"content":"Like This comment thanks","text":"Like This comment thanks","html":"Like This comment thanks"}],"langContent":"EN"},{"id":355886454,"gmtCreate":1617060711078,"gmtModify":1634522915166,"author":{"id":"3527303552443900","authorId":"3527303552443900","name":"458fd99c","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3527303552443900","authorIdStr":"3527303552443900"},"htmlText":"Go go go&nbsp;","listText":"Go go go&nbsp;","text":"Go go go","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/355886454","repostId":1108487611,"repostType":4,"repost":{"id":"1108487611","kind":"news","pubTimestamp":1617030137,"share":"https://www.laohu8.com/m/news/1108487611?lang=&edition=full","pubTime":"2021-03-29 23:02","market":"us","language":"en","title":"ARK Funds Amend ETF Prospectus To Remove Investment Concentration Limits","url":"https://stock-news.laohu8.com/highlight/detail?id=1108487611","media":"zerohedge","summary":"We have been following the volatility with flows in and out of ARK Funds over the last few months, make note of Cathie Wood's performance and \"proprietary\" investing style as the NASDAQ has whipsawed back and forth for the better part of 2021.Now, it looks like ARK is making some changes in its disclosures commensurate with its recent \"active investing style\", wherein it has been rotating out of large cap tech names and into smaller, more speculative names, especially in its ARKK flagship fund.A","content":"<p>We have been following the volatility with flows in and out of ARK Funds over the last few months, make note of Cathie Wood's performance and \"proprietary\" investing style as the NASDAQ has whipsawed back and forth for the better part of 2021.</p>\n<p>Now, it looks like ARK is making some changes in its disclosures commensurate with its recent \"active investing style\", wherein it has been rotating out of large cap tech names and into smaller, more speculative names, especially in its ARKK flagship fund.</p>\n<p>ARK funds filed an amendment to its prospectuses for its ETFs on Friday, making some little recognized changes that were caught by&nbsp;@syouth1 on Twitterover the weekend.</p>\n<p><img src=\"https://static.tigerbbs.com/b33212d1be9470754b1d7207c20f1b74\" tg-width=\"469\" tg-height=\"694\">As the tweet notes, the new ARKSEC filing&nbsp;does several things. First, on a perfunctory note, it specifies risks related to investing in SPACs, noting that they are \"subject to a variety of risks beyond those associated with other equity securities\".</p>\n<blockquote>\n <i>Special Purpose Acquisition Companies (SPACs)</i>. The Fund may invest in stock of, warrants to purchase stock of, and other interests in SPACs or similar special purposes entities. A SPAC is a publicly traded company that raises investment capital for the purpose of acquiring or merging with an existing company. Investments in SPACs and similar entities are subject to a variety of risks beyond those associated with other equity securities. Because SPACs and similar entities do not have any operating history or ongoing business other than seeking acquisitions, the value of their securities is particularly dependent on the ability of the SPAC’s management to identify a merger target and complete an acquisition. Until an acquisition or merger is completed, a SPAC generally invests its assets, less a portion retained to cover expenses, in U.S. government securities, money market securities and cash and does not typically pay dividends in respect of its common stock. As a result, it is possible that an investment in a SPAC may lose value.\n</blockquote>\n<p>But then the filing gets<i>very</i>interesting - language is removed that allows ARK funds to take&nbsp;<i>even larger</i>concentrations in names - in addition to over-the-counter traded ADRs, which are notoriously riskier products than normal equity.</p>\n<p>The amendment&nbsp;removes&nbsp;ARK's limit to invest 10% of its total assets in any active fund in ADRs that are traded over-the-counter.</p>\n<p><img src=\"https://static.tigerbbs.com/2bce1e8e9b6703975f8c9e2d9074a96d\" tg-width=\"500\" tg-height=\"121\">On top of that, the amended prospectus removes language that formerly limited ARK to investing no more than 30% of a fund's&nbsp;total assets into securities issued by a single company. Another \"rule\" removed was language preventing ARK from investing in more than 20% of a company's total outstanding shares.</p>\n<p><img src=\"https://static.tigerbbs.com/cce6710dda8e17521ae59148059b26a1\" tg-width=\"500\" tg-height=\"205\">The amendments portend ARK piling further into concentrated, high-risk names that dominate their respective funds. Wood's recent rotation out of big cap names like Microsoft and into \"speculative\" smaller cap companies like Workhorse and Vuzix has made it clear that the firm's appetite for risk continues to grow as NASDAQ volatility continues.</p>\n<p>Obviously, if a pin is finally going to prick the NASDAQ gamma bubble that has blown up over the last 12 months, the higher Wood's concentration in speculative names, the more spectacular a crash would be for ARK funds.</p>\n<p>But for now, ARK continues to hold up - we noted itwill be launchingits Space ETF as soon as this week. And despite noting that theNASDAQ gamma squeezeappears to be over, Wood and her team seem hell bent on continuing to tempt fate. We'll keep a close eye on the situation going forward.</p>\n<p></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>ARK Funds Amend ETF Prospectus To Remove Investment Concentration Limits</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; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\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\">\nARK Funds Amend ETF Prospectus To Remove Investment Concentration Limits\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-29 23:02 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.zerohedge.com/markets/ark-funds-amend-etf-prospectus-remove-investment-concentration-limits?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedge+-+on+a+long+enough+timeline%2C+the+survival+rate+for+everyone+drops+to+zero%29><strong>zerohedge</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>We have been following the volatility with flows in and out of ARK Funds over the last few months, make note of Cathie Wood's performance and \"proprietary\" investing style as the NASDAQ has whipsawed ...</p>\n\n<a href=\"https://www.zerohedge.com/markets/ark-funds-amend-etf-prospectus-remove-investment-concentration-limits?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedge+-+on+a+long+enough+timeline%2C+the+survival+rate+for+everyone+drops+to+zero%29\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.zerohedge.com/markets/ark-funds-amend-etf-prospectus-remove-investment-concentration-limits?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedge+-+on+a+long+enough+timeline%2C+the+survival+rate+for+everyone+drops+to+zero%29","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1108487611","content_text":"We have been following the volatility with flows in and out of ARK Funds over the last few months, make note of Cathie Wood's performance and \"proprietary\" investing style as the NASDAQ has whipsawed back and forth for the better part of 2021.\nNow, it looks like ARK is making some changes in its disclosures commensurate with its recent \"active investing style\", wherein it has been rotating out of large cap tech names and into smaller, more speculative names, especially in its ARKK flagship fund.\nARK funds filed an amendment to its prospectuses for its ETFs on Friday, making some little recognized changes that were caught by @syouth1 on Twitterover the weekend.\nAs the tweet notes, the new ARKSEC filing does several things. First, on a perfunctory note, it specifies risks related to investing in SPACs, noting that they are \"subject to a variety of risks beyond those associated with other equity securities\".\n\nSpecial Purpose Acquisition Companies (SPACs). The Fund may invest in stock of, warrants to purchase stock of, and other interests in SPACs or similar special purposes entities. A SPAC is a publicly traded company that raises investment capital for the purpose of acquiring or merging with an existing company. Investments in SPACs and similar entities are subject to a variety of risks beyond those associated with other equity securities. Because SPACs and similar entities do not have any operating history or ongoing business other than seeking acquisitions, the value of their securities is particularly dependent on the ability of the SPAC’s management to identify a merger target and complete an acquisition. Until an acquisition or merger is completed, a SPAC generally invests its assets, less a portion retained to cover expenses, in U.S. government securities, money market securities and cash and does not typically pay dividends in respect of its common stock. As a result, it is possible that an investment in a SPAC may lose value.\n\nBut then the filing getsveryinteresting - language is removed that allows ARK funds to take even largerconcentrations in names - in addition to over-the-counter traded ADRs, which are notoriously riskier products than normal equity.\nThe amendment removes ARK's limit to invest 10% of its total assets in any active fund in ADRs that are traded over-the-counter.\nOn top of that, the amended prospectus removes language that formerly limited ARK to investing no more than 30% of a fund's total assets into securities issued by a single company. Another \"rule\" removed was language preventing ARK from investing in more than 20% of a company's total outstanding shares.\nThe amendments portend ARK piling further into concentrated, high-risk names that dominate their respective funds. Wood's recent rotation out of big cap names like Microsoft and into \"speculative\" smaller cap companies like Workhorse and Vuzix has made it clear that the firm's appetite for risk continues to grow as NASDAQ volatility continues.\nObviously, if a pin is finally going to prick the NASDAQ gamma bubble that has blown up over the last 12 months, the higher Wood's concentration in speculative names, the more spectacular a crash would be for ARK funds.\nBut for now, ARK continues to hold up - we noted itwill be launchingits Space ETF as soon as this week. And despite noting that theNASDAQ gamma squeezeappears to be over, Wood and her team seem hell bent on continuing to tempt fate. We'll keep a close eye on the situation going forward.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":3916067,"gmtCreate":1617061224238,"gmtModify":1635746850306,"authorId":3574980150965538,"author":{"id":3574980150965538,"idStr":"3574980150965538","authorId":3574980150965538,"name":"真的钻石手","avatar":"https://static.tigerbbs.com/394063a289e727c8c5c2734207c9aabd","vip":1,"crmLevel":9,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":355886454,"type":1,"supId":0,"prevId":0,"content":"Like this comment thanks","text":"Like this comment thanks","html":"Like this comment thanks"}],"langContent":"EN"},{"id":355888614,"gmtCreate":1617060660538,"gmtModify":1634522916260,"author":{"id":"3570103506417414","authorId":"3570103506417414","name":"IssacWarriar","avatar":"https://static.tigerbbs.com/69435c3a9f81f478bd3054a26612571f","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3570103506417414","authorIdStr":"3570103506417414"},"htmlText":"wow","listText":"wow","text":"wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/355888614","repostId":1108487611,"repostType":4,"repost":{"id":"1108487611","kind":"news","pubTimestamp":1617030137,"share":"https://www.laohu8.com/m/news/1108487611?lang=&edition=full","pubTime":"2021-03-29 23:02","market":"us","language":"en","title":"ARK Funds Amend ETF Prospectus To Remove Investment Concentration Limits","url":"https://stock-news.laohu8.com/highlight/detail?id=1108487611","media":"zerohedge","summary":"We have been following the volatility with flows in and out of ARK Funds over the last few months, make note of Cathie Wood's performance and \"proprietary\" investing style as the NASDAQ has whipsawed back and forth for the better part of 2021.Now, it looks like ARK is making some changes in its disclosures commensurate with its recent \"active investing style\", wherein it has been rotating out of large cap tech names and into smaller, more speculative names, especially in its ARKK flagship fund.A","content":"<p>We have been following the volatility with flows in and out of ARK Funds over the last few months, make note of Cathie Wood's performance and \"proprietary\" investing style as the NASDAQ has whipsawed back and forth for the better part of 2021.</p>\n<p>Now, it looks like ARK is making some changes in its disclosures commensurate with its recent \"active investing style\", wherein it has been rotating out of large cap tech names and into smaller, more speculative names, especially in its ARKK flagship fund.</p>\n<p>ARK funds filed an amendment to its prospectuses for its ETFs on Friday, making some little recognized changes that were caught by&nbsp;@syouth1 on Twitterover the weekend.</p>\n<p><img src=\"https://static.tigerbbs.com/b33212d1be9470754b1d7207c20f1b74\" tg-width=\"469\" tg-height=\"694\">As the tweet notes, the new ARKSEC filing&nbsp;does several things. First, on a perfunctory note, it specifies risks related to investing in SPACs, noting that they are \"subject to a variety of risks beyond those associated with other equity securities\".</p>\n<blockquote>\n <i>Special Purpose Acquisition Companies (SPACs)</i>. The Fund may invest in stock of, warrants to purchase stock of, and other interests in SPACs or similar special purposes entities. A SPAC is a publicly traded company that raises investment capital for the purpose of acquiring or merging with an existing company. Investments in SPACs and similar entities are subject to a variety of risks beyond those associated with other equity securities. Because SPACs and similar entities do not have any operating history or ongoing business other than seeking acquisitions, the value of their securities is particularly dependent on the ability of the SPAC’s management to identify a merger target and complete an acquisition. Until an acquisition or merger is completed, a SPAC generally invests its assets, less a portion retained to cover expenses, in U.S. government securities, money market securities and cash and does not typically pay dividends in respect of its common stock. As a result, it is possible that an investment in a SPAC may lose value.\n</blockquote>\n<p>But then the filing gets<i>very</i>interesting - language is removed that allows ARK funds to take&nbsp;<i>even larger</i>concentrations in names - in addition to over-the-counter traded ADRs, which are notoriously riskier products than normal equity.</p>\n<p>The amendment&nbsp;removes&nbsp;ARK's limit to invest 10% of its total assets in any active fund in ADRs that are traded over-the-counter.</p>\n<p><img src=\"https://static.tigerbbs.com/2bce1e8e9b6703975f8c9e2d9074a96d\" tg-width=\"500\" tg-height=\"121\">On top of that, the amended prospectus removes language that formerly limited ARK to investing no more than 30% of a fund's&nbsp;total assets into securities issued by a single company. Another \"rule\" removed was language preventing ARK from investing in more than 20% of a company's total outstanding shares.</p>\n<p><img src=\"https://static.tigerbbs.com/cce6710dda8e17521ae59148059b26a1\" tg-width=\"500\" tg-height=\"205\">The amendments portend ARK piling further into concentrated, high-risk names that dominate their respective funds. Wood's recent rotation out of big cap names like Microsoft and into \"speculative\" smaller cap companies like Workhorse and Vuzix has made it clear that the firm's appetite for risk continues to grow as NASDAQ volatility continues.</p>\n<p>Obviously, if a pin is finally going to prick the NASDAQ gamma bubble that has blown up over the last 12 months, the higher Wood's concentration in speculative names, the more spectacular a crash would be for ARK funds.</p>\n<p>But for now, ARK continues to hold up - we noted itwill be launchingits Space ETF as soon as this week. And despite noting that theNASDAQ gamma squeezeappears to be over, Wood and her team seem hell bent on continuing to tempt fate. We'll keep a close eye on the situation going forward.</p>\n<p></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>ARK Funds Amend ETF Prospectus To Remove Investment Concentration Limits</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; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\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\">\nARK Funds Amend ETF Prospectus To Remove Investment Concentration Limits\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-29 23:02 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.zerohedge.com/markets/ark-funds-amend-etf-prospectus-remove-investment-concentration-limits?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedge+-+on+a+long+enough+timeline%2C+the+survival+rate+for+everyone+drops+to+zero%29><strong>zerohedge</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>We have been following the volatility with flows in and out of ARK Funds over the last few months, make note of Cathie Wood's performance and \"proprietary\" investing style as the NASDAQ has whipsawed ...</p>\n\n<a href=\"https://www.zerohedge.com/markets/ark-funds-amend-etf-prospectus-remove-investment-concentration-limits?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedge+-+on+a+long+enough+timeline%2C+the+survival+rate+for+everyone+drops+to+zero%29\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.zerohedge.com/markets/ark-funds-amend-etf-prospectus-remove-investment-concentration-limits?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedge+-+on+a+long+enough+timeline%2C+the+survival+rate+for+everyone+drops+to+zero%29","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1108487611","content_text":"We have been following the volatility with flows in and out of ARK Funds over the last few months, make note of Cathie Wood's performance and \"proprietary\" investing style as the NASDAQ has whipsawed back and forth for the better part of 2021.\nNow, it looks like ARK is making some changes in its disclosures commensurate with its recent \"active investing style\", wherein it has been rotating out of large cap tech names and into smaller, more speculative names, especially in its ARKK flagship fund.\nARK funds filed an amendment to its prospectuses for its ETFs on Friday, making some little recognized changes that were caught by @syouth1 on Twitterover the weekend.\nAs the tweet notes, the new ARKSEC filing does several things. First, on a perfunctory note, it specifies risks related to investing in SPACs, noting that they are \"subject to a variety of risks beyond those associated with other equity securities\".\n\nSpecial Purpose Acquisition Companies (SPACs). The Fund may invest in stock of, warrants to purchase stock of, and other interests in SPACs or similar special purposes entities. A SPAC is a publicly traded company that raises investment capital for the purpose of acquiring or merging with an existing company. Investments in SPACs and similar entities are subject to a variety of risks beyond those associated with other equity securities. Because SPACs and similar entities do not have any operating history or ongoing business other than seeking acquisitions, the value of their securities is particularly dependent on the ability of the SPAC’s management to identify a merger target and complete an acquisition. Until an acquisition or merger is completed, a SPAC generally invests its assets, less a portion retained to cover expenses, in U.S. government securities, money market securities and cash and does not typically pay dividends in respect of its common stock. As a result, it is possible that an investment in a SPAC may lose value.\n\nBut then the filing getsveryinteresting - language is removed that allows ARK funds to take even largerconcentrations in names - in addition to over-the-counter traded ADRs, which are notoriously riskier products than normal equity.\nThe amendment removes ARK's limit to invest 10% of its total assets in any active fund in ADRs that are traded over-the-counter.\nOn top of that, the amended prospectus removes language that formerly limited ARK to investing no more than 30% of a fund's total assets into securities issued by a single company. Another \"rule\" removed was language preventing ARK from investing in more than 20% of a company's total outstanding shares.\nThe amendments portend ARK piling further into concentrated, high-risk names that dominate their respective funds. Wood's recent rotation out of big cap names like Microsoft and into \"speculative\" smaller cap companies like Workhorse and Vuzix has made it clear that the firm's appetite for risk continues to grow as NASDAQ volatility continues.\nObviously, if a pin is finally going to prick the NASDAQ gamma bubble that has blown up over the last 12 months, the higher Wood's concentration in speculative names, the more spectacular a crash would be for ARK funds.\nBut for now, ARK continues to hold up - we noted itwill be launchingits Space ETF as soon as this week. And despite noting that theNASDAQ gamma squeezeappears to be over, Wood and her team seem hell bent on continuing to tempt fate. We'll keep a close eye on the situation going forward.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":355881637,"gmtCreate":1617060582329,"gmtModify":1634522917315,"author":{"id":"3579494880446812","authorId":"3579494880446812","name":"6237cc74","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"3579494880446812","authorIdStr":"3579494880446812"},"htmlText":"Good information&nbsp;","listText":"Good information&nbsp;","text":"Good information","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/355881637","repostId":1108487611,"repostType":4,"repost":{"id":"1108487611","kind":"news","pubTimestamp":1617030137,"share":"https://www.laohu8.com/m/news/1108487611?lang=&edition=full","pubTime":"2021-03-29 23:02","market":"us","language":"en","title":"ARK Funds Amend ETF Prospectus To Remove Investment Concentration Limits","url":"https://stock-news.laohu8.com/highlight/detail?id=1108487611","media":"zerohedge","summary":"We have been following the volatility with flows in and out of ARK Funds over the last few months, make note of Cathie Wood's performance and \"proprietary\" investing style as the NASDAQ has whipsawed back and forth for the better part of 2021.Now, it looks like ARK is making some changes in its disclosures commensurate with its recent \"active investing style\", wherein it has been rotating out of large cap tech names and into smaller, more speculative names, especially in its ARKK flagship fund.A","content":"<p>We have been following the volatility with flows in and out of ARK Funds over the last few months, make note of Cathie Wood's performance and \"proprietary\" investing style as the NASDAQ has whipsawed back and forth for the better part of 2021.</p>\n<p>Now, it looks like ARK is making some changes in its disclosures commensurate with its recent \"active investing style\", wherein it has been rotating out of large cap tech names and into smaller, more speculative names, especially in its ARKK flagship fund.</p>\n<p>ARK funds filed an amendment to its prospectuses for its ETFs on Friday, making some little recognized changes that were caught by&nbsp;@syouth1 on Twitterover the weekend.</p>\n<p><img src=\"https://static.tigerbbs.com/b33212d1be9470754b1d7207c20f1b74\" tg-width=\"469\" tg-height=\"694\">As the tweet notes, the new ARKSEC filing&nbsp;does several things. First, on a perfunctory note, it specifies risks related to investing in SPACs, noting that they are \"subject to a variety of risks beyond those associated with other equity securities\".</p>\n<blockquote>\n <i>Special Purpose Acquisition Companies (SPACs)</i>. The Fund may invest in stock of, warrants to purchase stock of, and other interests in SPACs or similar special purposes entities. A SPAC is a publicly traded company that raises investment capital for the purpose of acquiring or merging with an existing company. Investments in SPACs and similar entities are subject to a variety of risks beyond those associated with other equity securities. Because SPACs and similar entities do not have any operating history or ongoing business other than seeking acquisitions, the value of their securities is particularly dependent on the ability of the SPAC’s management to identify a merger target and complete an acquisition. Until an acquisition or merger is completed, a SPAC generally invests its assets, less a portion retained to cover expenses, in U.S. government securities, money market securities and cash and does not typically pay dividends in respect of its common stock. As a result, it is possible that an investment in a SPAC may lose value.\n</blockquote>\n<p>But then the filing gets<i>very</i>interesting - language is removed that allows ARK funds to take&nbsp;<i>even larger</i>concentrations in names - in addition to over-the-counter traded ADRs, which are notoriously riskier products than normal equity.</p>\n<p>The amendment&nbsp;removes&nbsp;ARK's limit to invest 10% of its total assets in any active fund in ADRs that are traded over-the-counter.</p>\n<p><img src=\"https://static.tigerbbs.com/2bce1e8e9b6703975f8c9e2d9074a96d\" tg-width=\"500\" tg-height=\"121\">On top of that, the amended prospectus removes language that formerly limited ARK to investing no more than 30% of a fund's&nbsp;total assets into securities issued by a single company. Another \"rule\" removed was language preventing ARK from investing in more than 20% of a company's total outstanding shares.</p>\n<p><img src=\"https://static.tigerbbs.com/cce6710dda8e17521ae59148059b26a1\" tg-width=\"500\" tg-height=\"205\">The amendments portend ARK piling further into concentrated, high-risk names that dominate their respective funds. Wood's recent rotation out of big cap names like Microsoft and into \"speculative\" smaller cap companies like Workhorse and Vuzix has made it clear that the firm's appetite for risk continues to grow as NASDAQ volatility continues.</p>\n<p>Obviously, if a pin is finally going to prick the NASDAQ gamma bubble that has blown up over the last 12 months, the higher Wood's concentration in speculative names, the more spectacular a crash would be for ARK funds.</p>\n<p>But for now, ARK continues to hold up - we noted itwill be launchingits Space ETF as soon as this week. And despite noting that theNASDAQ gamma squeezeappears to be over, Wood and her team seem hell bent on continuing to tempt fate. We'll keep a close eye on the situation going forward.</p>\n<p></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>ARK Funds Amend ETF Prospectus To Remove Investment Concentration Limits</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; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\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\">\nARK Funds Amend ETF Prospectus To Remove Investment Concentration Limits\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-29 23:02 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.zerohedge.com/markets/ark-funds-amend-etf-prospectus-remove-investment-concentration-limits?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedge+-+on+a+long+enough+timeline%2C+the+survival+rate+for+everyone+drops+to+zero%29><strong>zerohedge</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>We have been following the volatility with flows in and out of ARK Funds over the last few months, make note of Cathie Wood's performance and \"proprietary\" investing style as the NASDAQ has whipsawed ...</p>\n\n<a href=\"https://www.zerohedge.com/markets/ark-funds-amend-etf-prospectus-remove-investment-concentration-limits?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedge+-+on+a+long+enough+timeline%2C+the+survival+rate+for+everyone+drops+to+zero%29\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.zerohedge.com/markets/ark-funds-amend-etf-prospectus-remove-investment-concentration-limits?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedge+-+on+a+long+enough+timeline%2C+the+survival+rate+for+everyone+drops+to+zero%29","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1108487611","content_text":"We have been following the volatility with flows in and out of ARK Funds over the last few months, make note of Cathie Wood's performance and \"proprietary\" investing style as the NASDAQ has whipsawed back and forth for the better part of 2021.\nNow, it looks like ARK is making some changes in its disclosures commensurate with its recent \"active investing style\", wherein it has been rotating out of large cap tech names and into smaller, more speculative names, especially in its ARKK flagship fund.\nARK funds filed an amendment to its prospectuses for its ETFs on Friday, making some little recognized changes that were caught by @syouth1 on Twitterover the weekend.\nAs the tweet notes, the new ARKSEC filing does several things. First, on a perfunctory note, it specifies risks related to investing in SPACs, noting that they are \"subject to a variety of risks beyond those associated with other equity securities\".\n\nSpecial Purpose Acquisition Companies (SPACs). The Fund may invest in stock of, warrants to purchase stock of, and other interests in SPACs or similar special purposes entities. A SPAC is a publicly traded company that raises investment capital for the purpose of acquiring or merging with an existing company. Investments in SPACs and similar entities are subject to a variety of risks beyond those associated with other equity securities. Because SPACs and similar entities do not have any operating history or ongoing business other than seeking acquisitions, the value of their securities is particularly dependent on the ability of the SPAC’s management to identify a merger target and complete an acquisition. Until an acquisition or merger is completed, a SPAC generally invests its assets, less a portion retained to cover expenses, in U.S. government securities, money market securities and cash and does not typically pay dividends in respect of its common stock. As a result, it is possible that an investment in a SPAC may lose value.\n\nBut then the filing getsveryinteresting - language is removed that allows ARK funds to take even largerconcentrations in names - in addition to over-the-counter traded ADRs, which are notoriously riskier products than normal equity.\nThe amendment removes ARK's limit to invest 10% of its total assets in any active fund in ADRs that are traded over-the-counter.\nOn top of that, the amended prospectus removes language that formerly limited ARK to investing no more than 30% of a fund's total assets into securities issued by a single company. Another \"rule\" removed was language preventing ARK from investing in more than 20% of a company's total outstanding shares.\nThe amendments portend ARK piling further into concentrated, high-risk names that dominate their respective funds. Wood's recent rotation out of big cap names like Microsoft and into \"speculative\" smaller cap companies like Workhorse and Vuzix has made it clear that the firm's appetite for risk continues to grow as NASDAQ volatility continues.\nObviously, if a pin is finally going to prick the NASDAQ gamma bubble that has blown up over the last 12 months, the higher Wood's concentration in speculative names, the more spectacular a crash would be for ARK funds.\nBut for now, ARK continues to hold up - we noted itwill be launchingits Space ETF as soon as this week. And despite noting that theNASDAQ gamma squeezeappears to be over, Wood and her team seem hell bent on continuing to tempt fate. We'll keep a close eye on the situation going forward.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":3916245,"gmtCreate":1617062213062,"gmtModify":1635746836299,"authorId":3579557973082441,"author":{"id":3579557973082441,"idStr":"3579557973082441","authorId":3579557973082441,"name":"mushieduskie","avatar":"https://static.tigerbbs.com/56c0c2431f3aef6dd6952141ce1e8a86","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":355881637,"type":1,"supId":0,"prevId":0,"content":"[惊讶]","text":"[惊讶]","html":"[惊讶]"},{"id":3916503,"gmtCreate":1617063545397,"gmtModify":1635746816799,"authorId":3579557973082441,"author":{"id":3579557973082441,"idStr":"3579557973082441","authorId":3579557973082441,"name":"mushieduskie","avatar":"https://static.tigerbbs.com/56c0c2431f3aef6dd6952141ce1e8a86","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":355881637,"type":1,"supId":0,"prevId":0,"content":"What about this ","text":"What about this ","html":"What about this "}],"langContent":"EN"},{"id":355883511,"gmtCreate":1617060496933,"gmtModify":1634522917801,"author":{"id":"3573120478211201","authorId":"3573120478211201","name":"T2021073008","avatar":"https://static.tigerbbs.com/14b8430a289443f02b32c8c00831b59e","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3573120478211201","authorIdStr":"3573120478211201"},"htmlText":"Lol if win good , if Toh ark Toh&nbsp;","listText":"Lol if win good , if Toh ark Toh&nbsp;","text":"Lol if win good , if Toh ark Toh","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/355883511","repostId":1108487611,"repostType":4,"repost":{"id":"1108487611","kind":"news","pubTimestamp":1617030137,"share":"https://www.laohu8.com/m/news/1108487611?lang=&edition=full","pubTime":"2021-03-29 23:02","market":"us","language":"en","title":"ARK Funds Amend ETF Prospectus To Remove Investment Concentration Limits","url":"https://stock-news.laohu8.com/highlight/detail?id=1108487611","media":"zerohedge","summary":"We have been following the volatility with flows in and out of ARK Funds over the last few months, make note of Cathie Wood's performance and \"proprietary\" investing style as the NASDAQ has whipsawed back and forth for the better part of 2021.Now, it looks like ARK is making some changes in its disclosures commensurate with its recent \"active investing style\", wherein it has been rotating out of large cap tech names and into smaller, more speculative names, especially in its ARKK flagship fund.A","content":"<p>We have been following the volatility with flows in and out of ARK Funds over the last few months, make note of Cathie Wood's performance and \"proprietary\" investing style as the NASDAQ has whipsawed back and forth for the better part of 2021.</p>\n<p>Now, it looks like ARK is making some changes in its disclosures commensurate with its recent \"active investing style\", wherein it has been rotating out of large cap tech names and into smaller, more speculative names, especially in its ARKK flagship fund.</p>\n<p>ARK funds filed an amendment to its prospectuses for its ETFs on Friday, making some little recognized changes that were caught by&nbsp;@syouth1 on Twitterover the weekend.</p>\n<p><img src=\"https://static.tigerbbs.com/b33212d1be9470754b1d7207c20f1b74\" tg-width=\"469\" tg-height=\"694\">As the tweet notes, the new ARKSEC filing&nbsp;does several things. First, on a perfunctory note, it specifies risks related to investing in SPACs, noting that they are \"subject to a variety of risks beyond those associated with other equity securities\".</p>\n<blockquote>\n <i>Special Purpose Acquisition Companies (SPACs)</i>. The Fund may invest in stock of, warrants to purchase stock of, and other interests in SPACs or similar special purposes entities. A SPAC is a publicly traded company that raises investment capital for the purpose of acquiring or merging with an existing company. Investments in SPACs and similar entities are subject to a variety of risks beyond those associated with other equity securities. Because SPACs and similar entities do not have any operating history or ongoing business other than seeking acquisitions, the value of their securities is particularly dependent on the ability of the SPAC’s management to identify a merger target and complete an acquisition. Until an acquisition or merger is completed, a SPAC generally invests its assets, less a portion retained to cover expenses, in U.S. government securities, money market securities and cash and does not typically pay dividends in respect of its common stock. As a result, it is possible that an investment in a SPAC may lose value.\n</blockquote>\n<p>But then the filing gets<i>very</i>interesting - language is removed that allows ARK funds to take&nbsp;<i>even larger</i>concentrations in names - in addition to over-the-counter traded ADRs, which are notoriously riskier products than normal equity.</p>\n<p>The amendment&nbsp;removes&nbsp;ARK's limit to invest 10% of its total assets in any active fund in ADRs that are traded over-the-counter.</p>\n<p><img src=\"https://static.tigerbbs.com/2bce1e8e9b6703975f8c9e2d9074a96d\" tg-width=\"500\" tg-height=\"121\">On top of that, the amended prospectus removes language that formerly limited ARK to investing no more than 30% of a fund's&nbsp;total assets into securities issued by a single company. Another \"rule\" removed was language preventing ARK from investing in more than 20% of a company's total outstanding shares.</p>\n<p><img src=\"https://static.tigerbbs.com/cce6710dda8e17521ae59148059b26a1\" tg-width=\"500\" tg-height=\"205\">The amendments portend ARK piling further into concentrated, high-risk names that dominate their respective funds. Wood's recent rotation out of big cap names like Microsoft and into \"speculative\" smaller cap companies like Workhorse and Vuzix has made it clear that the firm's appetite for risk continues to grow as NASDAQ volatility continues.</p>\n<p>Obviously, if a pin is finally going to prick the NASDAQ gamma bubble that has blown up over the last 12 months, the higher Wood's concentration in speculative names, the more spectacular a crash would be for ARK funds.</p>\n<p>But for now, ARK continues to hold up - we noted itwill be launchingits Space ETF as soon as this week. And despite noting that theNASDAQ gamma squeezeappears to be over, Wood and her team seem hell bent on continuing to tempt fate. We'll keep a close eye on the situation going forward.</p>\n<p></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>ARK Funds Amend ETF Prospectus To Remove Investment Concentration Limits</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; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\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\">\nARK Funds Amend ETF Prospectus To Remove Investment Concentration Limits\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-29 23:02 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.zerohedge.com/markets/ark-funds-amend-etf-prospectus-remove-investment-concentration-limits?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedge+-+on+a+long+enough+timeline%2C+the+survival+rate+for+everyone+drops+to+zero%29><strong>zerohedge</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>We have been following the volatility with flows in and out of ARK Funds over the last few months, make note of Cathie Wood's performance and \"proprietary\" investing style as the NASDAQ has whipsawed ...</p>\n\n<a href=\"https://www.zerohedge.com/markets/ark-funds-amend-etf-prospectus-remove-investment-concentration-limits?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedge+-+on+a+long+enough+timeline%2C+the+survival+rate+for+everyone+drops+to+zero%29\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.zerohedge.com/markets/ark-funds-amend-etf-prospectus-remove-investment-concentration-limits?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedge+-+on+a+long+enough+timeline%2C+the+survival+rate+for+everyone+drops+to+zero%29","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1108487611","content_text":"We have been following the volatility with flows in and out of ARK Funds over the last few months, make note of Cathie Wood's performance and \"proprietary\" investing style as the NASDAQ has whipsawed back and forth for the better part of 2021.\nNow, it looks like ARK is making some changes in its disclosures commensurate with its recent \"active investing style\", wherein it has been rotating out of large cap tech names and into smaller, more speculative names, especially in its ARKK flagship fund.\nARK funds filed an amendment to its prospectuses for its ETFs on Friday, making some little recognized changes that were caught by @syouth1 on Twitterover the weekend.\nAs the tweet notes, the new ARKSEC filing does several things. First, on a perfunctory note, it specifies risks related to investing in SPACs, noting that they are \"subject to a variety of risks beyond those associated with other equity securities\".\n\nSpecial Purpose Acquisition Companies (SPACs). The Fund may invest in stock of, warrants to purchase stock of, and other interests in SPACs or similar special purposes entities. A SPAC is a publicly traded company that raises investment capital for the purpose of acquiring or merging with an existing company. Investments in SPACs and similar entities are subject to a variety of risks beyond those associated with other equity securities. Because SPACs and similar entities do not have any operating history or ongoing business other than seeking acquisitions, the value of their securities is particularly dependent on the ability of the SPAC’s management to identify a merger target and complete an acquisition. Until an acquisition or merger is completed, a SPAC generally invests its assets, less a portion retained to cover expenses, in U.S. government securities, money market securities and cash and does not typically pay dividends in respect of its common stock. As a result, it is possible that an investment in a SPAC may lose value.\n\nBut then the filing getsveryinteresting - language is removed that allows ARK funds to take even largerconcentrations in names - in addition to over-the-counter traded ADRs, which are notoriously riskier products than normal equity.\nThe amendment removes ARK's limit to invest 10% of its total assets in any active fund in ADRs that are traded over-the-counter.\nOn top of that, the amended prospectus removes language that formerly limited ARK to investing no more than 30% of a fund's total assets into securities issued by a single company. Another \"rule\" removed was language preventing ARK from investing in more than 20% of a company's total outstanding shares.\nThe amendments portend ARK piling further into concentrated, high-risk names that dominate their respective funds. Wood's recent rotation out of big cap names like Microsoft and into \"speculative\" smaller cap companies like Workhorse and Vuzix has made it clear that the firm's appetite for risk continues to grow as NASDAQ volatility continues.\nObviously, if a pin is finally going to prick the NASDAQ gamma bubble that has blown up over the last 12 months, the higher Wood's concentration in speculative names, the more spectacular a crash would be for ARK funds.\nBut for now, ARK continues to hold up - we noted itwill be launchingits Space ETF as soon as this week. And despite noting that theNASDAQ gamma squeezeappears to be over, Wood and her team seem hell bent on continuing to tempt fate. We'll keep a close eye on the situation going forward.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":355883174,"gmtCreate":1617060457398,"gmtModify":1634522918287,"author":{"id":"3559859558754319","authorId":"3559859558754319","name":"Bodoh","avatar":"https://static.tigerbbs.com/349218ea2852130ca86ce660b4aa2d59","vip":1,"crmLevel":3,"crmLevelSwitch":0,"idStr":"3559859558754319","authorIdStr":"3559859558754319"},"htmlText":"Something to hide?","listText":"Something to hide?","text":"Something to hide?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/355883174","repostId":1108487611,"repostType":4,"repost":{"id":"1108487611","kind":"news","pubTimestamp":1617030137,"share":"https://www.laohu8.com/m/news/1108487611?lang=&edition=full","pubTime":"2021-03-29 23:02","market":"us","language":"en","title":"ARK Funds Amend ETF Prospectus To Remove Investment Concentration Limits","url":"https://stock-news.laohu8.com/highlight/detail?id=1108487611","media":"zerohedge","summary":"We have been following the volatility with flows in and out of ARK Funds over the last few months, make note of Cathie Wood's performance and \"proprietary\" investing style as the NASDAQ has whipsawed back and forth for the better part of 2021.Now, it looks like ARK is making some changes in its disclosures commensurate with its recent \"active investing style\", wherein it has been rotating out of large cap tech names and into smaller, more speculative names, especially in its ARKK flagship fund.A","content":"<p>We have been following the volatility with flows in and out of ARK Funds over the last few months, make note of Cathie Wood's performance and \"proprietary\" investing style as the NASDAQ has whipsawed back and forth for the better part of 2021.</p>\n<p>Now, it looks like ARK is making some changes in its disclosures commensurate with its recent \"active investing style\", wherein it has been rotating out of large cap tech names and into smaller, more speculative names, especially in its ARKK flagship fund.</p>\n<p>ARK funds filed an amendment to its prospectuses for its ETFs on Friday, making some little recognized changes that were caught by&nbsp;@syouth1 on Twitterover the weekend.</p>\n<p><img src=\"https://static.tigerbbs.com/b33212d1be9470754b1d7207c20f1b74\" tg-width=\"469\" tg-height=\"694\">As the tweet notes, the new ARKSEC filing&nbsp;does several things. First, on a perfunctory note, it specifies risks related to investing in SPACs, noting that they are \"subject to a variety of risks beyond those associated with other equity securities\".</p>\n<blockquote>\n <i>Special Purpose Acquisition Companies (SPACs)</i>. The Fund may invest in stock of, warrants to purchase stock of, and other interests in SPACs or similar special purposes entities. A SPAC is a publicly traded company that raises investment capital for the purpose of acquiring or merging with an existing company. Investments in SPACs and similar entities are subject to a variety of risks beyond those associated with other equity securities. Because SPACs and similar entities do not have any operating history or ongoing business other than seeking acquisitions, the value of their securities is particularly dependent on the ability of the SPAC’s management to identify a merger target and complete an acquisition. Until an acquisition or merger is completed, a SPAC generally invests its assets, less a portion retained to cover expenses, in U.S. government securities, money market securities and cash and does not typically pay dividends in respect of its common stock. As a result, it is possible that an investment in a SPAC may lose value.\n</blockquote>\n<p>But then the filing gets<i>very</i>interesting - language is removed that allows ARK funds to take&nbsp;<i>even larger</i>concentrations in names - in addition to over-the-counter traded ADRs, which are notoriously riskier products than normal equity.</p>\n<p>The amendment&nbsp;removes&nbsp;ARK's limit to invest 10% of its total assets in any active fund in ADRs that are traded over-the-counter.</p>\n<p><img src=\"https://static.tigerbbs.com/2bce1e8e9b6703975f8c9e2d9074a96d\" tg-width=\"500\" tg-height=\"121\">On top of that, the amended prospectus removes language that formerly limited ARK to investing no more than 30% of a fund's&nbsp;total assets into securities issued by a single company. Another \"rule\" removed was language preventing ARK from investing in more than 20% of a company's total outstanding shares.</p>\n<p><img src=\"https://static.tigerbbs.com/cce6710dda8e17521ae59148059b26a1\" tg-width=\"500\" tg-height=\"205\">The amendments portend ARK piling further into concentrated, high-risk names that dominate their respective funds. Wood's recent rotation out of big cap names like Microsoft and into \"speculative\" smaller cap companies like Workhorse and Vuzix has made it clear that the firm's appetite for risk continues to grow as NASDAQ volatility continues.</p>\n<p>Obviously, if a pin is finally going to prick the NASDAQ gamma bubble that has blown up over the last 12 months, the higher Wood's concentration in speculative names, the more spectacular a crash would be for ARK funds.</p>\n<p>But for now, ARK continues to hold up - we noted itwill be launchingits Space ETF as soon as this week. And despite noting that theNASDAQ gamma squeezeappears to be over, Wood and her team seem hell bent on continuing to tempt fate. We'll keep a close eye on the situation going forward.</p>\n<p></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>ARK Funds Amend ETF Prospectus To Remove Investment Concentration Limits</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; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\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\">\nARK Funds Amend ETF Prospectus To Remove Investment Concentration Limits\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-29 23:02 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.zerohedge.com/markets/ark-funds-amend-etf-prospectus-remove-investment-concentration-limits?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedge+-+on+a+long+enough+timeline%2C+the+survival+rate+for+everyone+drops+to+zero%29><strong>zerohedge</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>We have been following the volatility with flows in and out of ARK Funds over the last few months, make note of Cathie Wood's performance and \"proprietary\" investing style as the NASDAQ has whipsawed ...</p>\n\n<a href=\"https://www.zerohedge.com/markets/ark-funds-amend-etf-prospectus-remove-investment-concentration-limits?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedge+-+on+a+long+enough+timeline%2C+the+survival+rate+for+everyone+drops+to+zero%29\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.zerohedge.com/markets/ark-funds-amend-etf-prospectus-remove-investment-concentration-limits?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedge+-+on+a+long+enough+timeline%2C+the+survival+rate+for+everyone+drops+to+zero%29","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1108487611","content_text":"We have been following the volatility with flows in and out of ARK Funds over the last few months, make note of Cathie Wood's performance and \"proprietary\" investing style as the NASDAQ has whipsawed back and forth for the better part of 2021.\nNow, it looks like ARK is making some changes in its disclosures commensurate with its recent \"active investing style\", wherein it has been rotating out of large cap tech names and into smaller, more speculative names, especially in its ARKK flagship fund.\nARK funds filed an amendment to its prospectuses for its ETFs on Friday, making some little recognized changes that were caught by @syouth1 on Twitterover the weekend.\nAs the tweet notes, the new ARKSEC filing does several things. First, on a perfunctory note, it specifies risks related to investing in SPACs, noting that they are \"subject to a variety of risks beyond those associated with other equity securities\".\n\nSpecial Purpose Acquisition Companies (SPACs). The Fund may invest in stock of, warrants to purchase stock of, and other interests in SPACs or similar special purposes entities. A SPAC is a publicly traded company that raises investment capital for the purpose of acquiring or merging with an existing company. Investments in SPACs and similar entities are subject to a variety of risks beyond those associated with other equity securities. Because SPACs and similar entities do not have any operating history or ongoing business other than seeking acquisitions, the value of their securities is particularly dependent on the ability of the SPAC’s management to identify a merger target and complete an acquisition. Until an acquisition or merger is completed, a SPAC generally invests its assets, less a portion retained to cover expenses, in U.S. government securities, money market securities and cash and does not typically pay dividends in respect of its common stock. As a result, it is possible that an investment in a SPAC may lose value.\n\nBut then the filing getsveryinteresting - language is removed that allows ARK funds to take even largerconcentrations in names - in addition to over-the-counter traded ADRs, which are notoriously riskier products than normal equity.\nThe amendment removes ARK's limit to invest 10% of its total assets in any active fund in ADRs that are traded over-the-counter.\nOn top of that, the amended prospectus removes language that formerly limited ARK to investing no more than 30% of a fund's total assets into securities issued by a single company. Another \"rule\" removed was language preventing ARK from investing in more than 20% of a company's total outstanding shares.\nThe amendments portend ARK piling further into concentrated, high-risk names that dominate their respective funds. Wood's recent rotation out of big cap names like Microsoft and into \"speculative\" smaller cap companies like Workhorse and Vuzix has made it clear that the firm's appetite for risk continues to grow as NASDAQ volatility continues.\nObviously, if a pin is finally going to prick the NASDAQ gamma bubble that has blown up over the last 12 months, the higher Wood's concentration in speculative names, the more spectacular a crash would be for ARK funds.\nBut for now, ARK continues to hold up - we noted itwill be launchingits Space ETF as soon as this week. And despite noting that theNASDAQ gamma squeezeappears to be over, Wood and her team seem hell bent on continuing to tempt fate. We'll keep a close eye on the situation going forward.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":355880906,"gmtCreate":1617060271005,"gmtModify":1634522920675,"author":{"id":"3570514907188769","authorId":"3570514907188769","name":"Airlee","avatar":"https://static.tigerbbs.com/f498172d13578b027d022139a285cc1c","vip":1,"crmLevel":7,"crmLevelSwitch":0,"idStr":"3570514907188769","authorIdStr":"3570514907188769"},"htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/355880906","repostId":1108487611,"repostType":4,"repost":{"id":"1108487611","kind":"news","pubTimestamp":1617030137,"share":"https://www.laohu8.com/m/news/1108487611?lang=&edition=full","pubTime":"2021-03-29 23:02","market":"us","language":"en","title":"ARK Funds Amend ETF Prospectus To Remove Investment Concentration Limits","url":"https://stock-news.laohu8.com/highlight/detail?id=1108487611","media":"zerohedge","summary":"We have been following the volatility with flows in and out of ARK Funds over the last few months, make note of Cathie Wood's performance and \"proprietary\" investing style as the NASDAQ has whipsawed back and forth for the better part of 2021.Now, it looks like ARK is making some changes in its disclosures commensurate with its recent \"active investing style\", wherein it has been rotating out of large cap tech names and into smaller, more speculative names, especially in its ARKK flagship fund.A","content":"<p>We have been following the volatility with flows in and out of ARK Funds over the last few months, make note of Cathie Wood's performance and \"proprietary\" investing style as the NASDAQ has whipsawed back and forth for the better part of 2021.</p>\n<p>Now, it looks like ARK is making some changes in its disclosures commensurate with its recent \"active investing style\", wherein it has been rotating out of large cap tech names and into smaller, more speculative names, especially in its ARKK flagship fund.</p>\n<p>ARK funds filed an amendment to its prospectuses for its ETFs on Friday, making some little recognized changes that were caught by&nbsp;@syouth1 on Twitterover the weekend.</p>\n<p><img src=\"https://static.tigerbbs.com/b33212d1be9470754b1d7207c20f1b74\" tg-width=\"469\" tg-height=\"694\">As the tweet notes, the new ARKSEC filing&nbsp;does several things. First, on a perfunctory note, it specifies risks related to investing in SPACs, noting that they are \"subject to a variety of risks beyond those associated with other equity securities\".</p>\n<blockquote>\n <i>Special Purpose Acquisition Companies (SPACs)</i>. The Fund may invest in stock of, warrants to purchase stock of, and other interests in SPACs or similar special purposes entities. A SPAC is a publicly traded company that raises investment capital for the purpose of acquiring or merging with an existing company. Investments in SPACs and similar entities are subject to a variety of risks beyond those associated with other equity securities. Because SPACs and similar entities do not have any operating history or ongoing business other than seeking acquisitions, the value of their securities is particularly dependent on the ability of the SPAC’s management to identify a merger target and complete an acquisition. Until an acquisition or merger is completed, a SPAC generally invests its assets, less a portion retained to cover expenses, in U.S. government securities, money market securities and cash and does not typically pay dividends in respect of its common stock. As a result, it is possible that an investment in a SPAC may lose value.\n</blockquote>\n<p>But then the filing gets<i>very</i>interesting - language is removed that allows ARK funds to take&nbsp;<i>even larger</i>concentrations in names - in addition to over-the-counter traded ADRs, which are notoriously riskier products than normal equity.</p>\n<p>The amendment&nbsp;removes&nbsp;ARK's limit to invest 10% of its total assets in any active fund in ADRs that are traded over-the-counter.</p>\n<p><img src=\"https://static.tigerbbs.com/2bce1e8e9b6703975f8c9e2d9074a96d\" tg-width=\"500\" tg-height=\"121\">On top of that, the amended prospectus removes language that formerly limited ARK to investing no more than 30% of a fund's&nbsp;total assets into securities issued by a single company. Another \"rule\" removed was language preventing ARK from investing in more than 20% of a company's total outstanding shares.</p>\n<p><img src=\"https://static.tigerbbs.com/cce6710dda8e17521ae59148059b26a1\" tg-width=\"500\" tg-height=\"205\">The amendments portend ARK piling further into concentrated, high-risk names that dominate their respective funds. Wood's recent rotation out of big cap names like Microsoft and into \"speculative\" smaller cap companies like Workhorse and Vuzix has made it clear that the firm's appetite for risk continues to grow as NASDAQ volatility continues.</p>\n<p>Obviously, if a pin is finally going to prick the NASDAQ gamma bubble that has blown up over the last 12 months, the higher Wood's concentration in speculative names, the more spectacular a crash would be for ARK funds.</p>\n<p>But for now, ARK continues to hold up - we noted itwill be launchingits Space ETF as soon as this week. And despite noting that theNASDAQ gamma squeezeappears to be over, Wood and her team seem hell bent on continuing to tempt fate. We'll keep a close eye on the situation going forward.</p>\n<p></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>ARK Funds Amend ETF Prospectus To Remove Investment Concentration Limits</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; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\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\">\nARK Funds Amend ETF Prospectus To Remove Investment Concentration Limits\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-29 23:02 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.zerohedge.com/markets/ark-funds-amend-etf-prospectus-remove-investment-concentration-limits?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedge+-+on+a+long+enough+timeline%2C+the+survival+rate+for+everyone+drops+to+zero%29><strong>zerohedge</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>We have been following the volatility with flows in and out of ARK Funds over the last few months, make note of Cathie Wood's performance and \"proprietary\" investing style as the NASDAQ has whipsawed ...</p>\n\n<a href=\"https://www.zerohedge.com/markets/ark-funds-amend-etf-prospectus-remove-investment-concentration-limits?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedge+-+on+a+long+enough+timeline%2C+the+survival+rate+for+everyone+drops+to+zero%29\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.zerohedge.com/markets/ark-funds-amend-etf-prospectus-remove-investment-concentration-limits?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedge+-+on+a+long+enough+timeline%2C+the+survival+rate+for+everyone+drops+to+zero%29","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1108487611","content_text":"We have been following the volatility with flows in and out of ARK Funds over the last few months, make note of Cathie Wood's performance and \"proprietary\" investing style as the NASDAQ has whipsawed back and forth for the better part of 2021.\nNow, it looks like ARK is making some changes in its disclosures commensurate with its recent \"active investing style\", wherein it has been rotating out of large cap tech names and into smaller, more speculative names, especially in its ARKK flagship fund.\nARK funds filed an amendment to its prospectuses for its ETFs on Friday, making some little recognized changes that were caught by @syouth1 on Twitterover the weekend.\nAs the tweet notes, the new ARKSEC filing does several things. First, on a perfunctory note, it specifies risks related to investing in SPACs, noting that they are \"subject to a variety of risks beyond those associated with other equity securities\".\n\nSpecial Purpose Acquisition Companies (SPACs). The Fund may invest in stock of, warrants to purchase stock of, and other interests in SPACs or similar special purposes entities. A SPAC is a publicly traded company that raises investment capital for the purpose of acquiring or merging with an existing company. Investments in SPACs and similar entities are subject to a variety of risks beyond those associated with other equity securities. Because SPACs and similar entities do not have any operating history or ongoing business other than seeking acquisitions, the value of their securities is particularly dependent on the ability of the SPAC’s management to identify a merger target and complete an acquisition. Until an acquisition or merger is completed, a SPAC generally invests its assets, less a portion retained to cover expenses, in U.S. government securities, money market securities and cash and does not typically pay dividends in respect of its common stock. As a result, it is possible that an investment in a SPAC may lose value.\n\nBut then the filing getsveryinteresting - language is removed that allows ARK funds to take even largerconcentrations in names - in addition to over-the-counter traded ADRs, which are notoriously riskier products than normal equity.\nThe amendment removes ARK's limit to invest 10% of its total assets in any active fund in ADRs that are traded over-the-counter.\nOn top of that, the amended prospectus removes language that formerly limited ARK to investing no more than 30% of a fund's total assets into securities issued by a single company. Another \"rule\" removed was language preventing ARK from investing in more than 20% of a company's total outstanding shares.\nThe amendments portend ARK piling further into concentrated, high-risk names that dominate their respective funds. Wood's recent rotation out of big cap names like Microsoft and into \"speculative\" smaller cap companies like Workhorse and Vuzix has made it clear that the firm's appetite for risk continues to grow as NASDAQ volatility continues.\nObviously, if a pin is finally going to prick the NASDAQ gamma bubble that has blown up over the last 12 months, the higher Wood's concentration in speculative names, the more spectacular a crash would be for ARK funds.\nBut for now, ARK continues to hold up - we noted itwill be launchingits Space ETF as soon as this week. And despite noting that theNASDAQ gamma squeezeappears to be over, Wood and her team seem hell bent on continuing to tempt fate. We'll keep a close eye on the situation going forward.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":355814009,"gmtCreate":1617060039601,"gmtModify":1631893931336,"author":{"id":"3562013441499828","authorId":"3562013441499828","name":"Irrevenantal","avatar":"https://static.tigerbbs.com/2de32c999da05868672160eca655603c","vip":1,"crmLevel":5,"crmLevelSwitch":0,"idStr":"3562013441499828","authorIdStr":"3562013441499828"},"htmlText":"Tesla is gonna boom","listText":"Tesla is gonna boom","text":"Tesla is gonna boom","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/355814009","repostId":1108487611,"repostType":4,"repost":{"id":"1108487611","kind":"news","pubTimestamp":1617030137,"share":"https://www.laohu8.com/m/news/1108487611?lang=&edition=full","pubTime":"2021-03-29 23:02","market":"us","language":"en","title":"ARK Funds Amend ETF Prospectus To Remove Investment Concentration Limits","url":"https://stock-news.laohu8.com/highlight/detail?id=1108487611","media":"zerohedge","summary":"We have been following the volatility with flows in and out of ARK Funds over the last few months, make note of Cathie Wood's performance and \"proprietary\" investing style as the NASDAQ has whipsawed back and forth for the better part of 2021.Now, it looks like ARK is making some changes in its disclosures commensurate with its recent \"active investing style\", wherein it has been rotating out of large cap tech names and into smaller, more speculative names, especially in its ARKK flagship fund.A","content":"<p>We have been following the volatility with flows in and out of ARK Funds over the last few months, make note of Cathie Wood's performance and \"proprietary\" investing style as the NASDAQ has whipsawed back and forth for the better part of 2021.</p>\n<p>Now, it looks like ARK is making some changes in its disclosures commensurate with its recent \"active investing style\", wherein it has been rotating out of large cap tech names and into smaller, more speculative names, especially in its ARKK flagship fund.</p>\n<p>ARK funds filed an amendment to its prospectuses for its ETFs on Friday, making some little recognized changes that were caught by&nbsp;@syouth1 on Twitterover the weekend.</p>\n<p><img src=\"https://static.tigerbbs.com/b33212d1be9470754b1d7207c20f1b74\" tg-width=\"469\" tg-height=\"694\">As the tweet notes, the new ARKSEC filing&nbsp;does several things. First, on a perfunctory note, it specifies risks related to investing in SPACs, noting that they are \"subject to a variety of risks beyond those associated with other equity securities\".</p>\n<blockquote>\n <i>Special Purpose Acquisition Companies (SPACs)</i>. The Fund may invest in stock of, warrants to purchase stock of, and other interests in SPACs or similar special purposes entities. A SPAC is a publicly traded company that raises investment capital for the purpose of acquiring or merging with an existing company. Investments in SPACs and similar entities are subject to a variety of risks beyond those associated with other equity securities. Because SPACs and similar entities do not have any operating history or ongoing business other than seeking acquisitions, the value of their securities is particularly dependent on the ability of the SPAC’s management to identify a merger target and complete an acquisition. Until an acquisition or merger is completed, a SPAC generally invests its assets, less a portion retained to cover expenses, in U.S. government securities, money market securities and cash and does not typically pay dividends in respect of its common stock. As a result, it is possible that an investment in a SPAC may lose value.\n</blockquote>\n<p>But then the filing gets<i>very</i>interesting - language is removed that allows ARK funds to take&nbsp;<i>even larger</i>concentrations in names - in addition to over-the-counter traded ADRs, which are notoriously riskier products than normal equity.</p>\n<p>The amendment&nbsp;removes&nbsp;ARK's limit to invest 10% of its total assets in any active fund in ADRs that are traded over-the-counter.</p>\n<p><img src=\"https://static.tigerbbs.com/2bce1e8e9b6703975f8c9e2d9074a96d\" tg-width=\"500\" tg-height=\"121\">On top of that, the amended prospectus removes language that formerly limited ARK to investing no more than 30% of a fund's&nbsp;total assets into securities issued by a single company. Another \"rule\" removed was language preventing ARK from investing in more than 20% of a company's total outstanding shares.</p>\n<p><img src=\"https://static.tigerbbs.com/cce6710dda8e17521ae59148059b26a1\" tg-width=\"500\" tg-height=\"205\">The amendments portend ARK piling further into concentrated, high-risk names that dominate their respective funds. Wood's recent rotation out of big cap names like Microsoft and into \"speculative\" smaller cap companies like Workhorse and Vuzix has made it clear that the firm's appetite for risk continues to grow as NASDAQ volatility continues.</p>\n<p>Obviously, if a pin is finally going to prick the NASDAQ gamma bubble that has blown up over the last 12 months, the higher Wood's concentration in speculative names, the more spectacular a crash would be for ARK funds.</p>\n<p>But for now, ARK continues to hold up - we noted itwill be launchingits Space ETF as soon as this week. And despite noting that theNASDAQ gamma squeezeappears to be over, Wood and her team seem hell bent on continuing to tempt fate. We'll keep a close eye on the situation going forward.</p>\n<p></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>ARK Funds Amend ETF Prospectus To Remove Investment Concentration Limits</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; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\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\">\nARK Funds Amend ETF Prospectus To Remove Investment Concentration Limits\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-29 23:02 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.zerohedge.com/markets/ark-funds-amend-etf-prospectus-remove-investment-concentration-limits?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedge+-+on+a+long+enough+timeline%2C+the+survival+rate+for+everyone+drops+to+zero%29><strong>zerohedge</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>We have been following the volatility with flows in and out of ARK Funds over the last few months, make note of Cathie Wood's performance and \"proprietary\" investing style as the NASDAQ has whipsawed ...</p>\n\n<a href=\"https://www.zerohedge.com/markets/ark-funds-amend-etf-prospectus-remove-investment-concentration-limits?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedge+-+on+a+long+enough+timeline%2C+the+survival+rate+for+everyone+drops+to+zero%29\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.zerohedge.com/markets/ark-funds-amend-etf-prospectus-remove-investment-concentration-limits?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedge+-+on+a+long+enough+timeline%2C+the+survival+rate+for+everyone+drops+to+zero%29","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1108487611","content_text":"We have been following the volatility with flows in and out of ARK Funds over the last few months, make note of Cathie Wood's performance and \"proprietary\" investing style as the NASDAQ has whipsawed back and forth for the better part of 2021.\nNow, it looks like ARK is making some changes in its disclosures commensurate with its recent \"active investing style\", wherein it has been rotating out of large cap tech names and into smaller, more speculative names, especially in its ARKK flagship fund.\nARK funds filed an amendment to its prospectuses for its ETFs on Friday, making some little recognized changes that were caught by @syouth1 on Twitterover the weekend.\nAs the tweet notes, the new ARKSEC filing does several things. First, on a perfunctory note, it specifies risks related to investing in SPACs, noting that they are \"subject to a variety of risks beyond those associated with other equity securities\".\n\nSpecial Purpose Acquisition Companies (SPACs). The Fund may invest in stock of, warrants to purchase stock of, and other interests in SPACs or similar special purposes entities. A SPAC is a publicly traded company that raises investment capital for the purpose of acquiring or merging with an existing company. Investments in SPACs and similar entities are subject to a variety of risks beyond those associated with other equity securities. Because SPACs and similar entities do not have any operating history or ongoing business other than seeking acquisitions, the value of their securities is particularly dependent on the ability of the SPAC’s management to identify a merger target and complete an acquisition. Until an acquisition or merger is completed, a SPAC generally invests its assets, less a portion retained to cover expenses, in U.S. government securities, money market securities and cash and does not typically pay dividends in respect of its common stock. As a result, it is possible that an investment in a SPAC may lose value.\n\nBut then the filing getsveryinteresting - language is removed that allows ARK funds to take even largerconcentrations in names - in addition to over-the-counter traded ADRs, which are notoriously riskier products than normal equity.\nThe amendment removes ARK's limit to invest 10% of its total assets in any active fund in ADRs that are traded over-the-counter.\nOn top of that, the amended prospectus removes language that formerly limited ARK to investing no more than 30% of a fund's total assets into securities issued by a single company. Another \"rule\" removed was language preventing ARK from investing in more than 20% of a company's total outstanding shares.\nThe amendments portend ARK piling further into concentrated, high-risk names that dominate their respective funds. Wood's recent rotation out of big cap names like Microsoft and into \"speculative\" smaller cap companies like Workhorse and Vuzix has made it clear that the firm's appetite for risk continues to grow as NASDAQ volatility continues.\nObviously, if a pin is finally going to prick the NASDAQ gamma bubble that has blown up over the last 12 months, the higher Wood's concentration in speculative names, the more spectacular a crash would be for ARK funds.\nBut for now, ARK continues to hold up - we noted itwill be launchingits Space ETF as soon as this week. And despite noting that theNASDAQ gamma squeezeappears to be over, Wood and her team seem hell bent on continuing to tempt fate. We'll keep a close eye on the situation going forward.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":3916918,"gmtCreate":1617065651806,"gmtModify":1631893931349,"authorId":3558849329059364,"author":{"id":3558849329059364,"idStr":"3558849329059364","authorId":3558849329059364,"name":"torrentialT","avatar":"https://static.tigerbbs.com/96ca40426e74f1de05493dfa86c9b8d3","vip":1,"crmLevel":4,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":355814009,"type":1,"supId":0,"prevId":0,"content":"hoping they can allow to add more too!","text":"hoping they can allow to add more too!","html":"hoping they can allow to add more too!"},{"id":3916275,"gmtCreate":1617062349989,"gmtModify":1631893931339,"authorId":3573943942927358,"author":{"id":3573943942927358,"idStr":"3573943942927358","authorId":3573943942927358,"name":"Ola5528","avatar":"https://static.tigerbbs.com/80f475dff1b8107d8a24e19220f0038d","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":355814009,"type":1,"supId":0,"prevId":0,"content":"They may add more tsla but im not sure i like them being too concentrated on a few stocks 😅","text":"They may add more tsla but im not sure i like them being too concentrated on a few stocks 😅","html":"They may add more tsla but im not sure i like them being too concentrated on a few stocks 😅"}],"langContent":"EN"},{"id":355830050,"gmtCreate":1617058062770,"gmtModify":1634522936053,"author":{"id":"3562726241279787","authorId":"3562726241279787","name":"FT585","avatar":"https://static.tigerbbs.com/734b50619b12425294cb4715814bdedb","vip":1,"crmLevel":6,"crmLevelSwitch":0,"idStr":"3562726241279787","authorIdStr":"3562726241279787"},"htmlText":"Nice&nbsp;","listText":"Nice&nbsp;","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/355830050","repostId":1108487611,"repostType":4,"repost":{"id":"1108487611","kind":"news","pubTimestamp":1617030137,"share":"https://www.laohu8.com/m/news/1108487611?lang=&edition=full","pubTime":"2021-03-29 23:02","market":"us","language":"en","title":"ARK Funds Amend ETF Prospectus To Remove Investment Concentration Limits","url":"https://stock-news.laohu8.com/highlight/detail?id=1108487611","media":"zerohedge","summary":"We have been following the volatility with flows in and out of ARK Funds over the last few months, make note of Cathie Wood's performance and \"proprietary\" investing style as the NASDAQ has whipsawed back and forth for the better part of 2021.Now, it looks like ARK is making some changes in its disclosures commensurate with its recent \"active investing style\", wherein it has been rotating out of large cap tech names and into smaller, more speculative names, especially in its ARKK flagship fund.A","content":"<p>We have been following the volatility with flows in and out of ARK Funds over the last few months, make note of Cathie Wood's performance and \"proprietary\" investing style as the NASDAQ has whipsawed back and forth for the better part of 2021.</p>\n<p>Now, it looks like ARK is making some changes in its disclosures commensurate with its recent \"active investing style\", wherein it has been rotating out of large cap tech names and into smaller, more speculative names, especially in its ARKK flagship fund.</p>\n<p>ARK funds filed an amendment to its prospectuses for its ETFs on Friday, making some little recognized changes that were caught by&nbsp;@syouth1 on Twitterover the weekend.</p>\n<p><img src=\"https://static.tigerbbs.com/b33212d1be9470754b1d7207c20f1b74\" tg-width=\"469\" tg-height=\"694\">As the tweet notes, the new ARKSEC filing&nbsp;does several things. First, on a perfunctory note, it specifies risks related to investing in SPACs, noting that they are \"subject to a variety of risks beyond those associated with other equity securities\".</p>\n<blockquote>\n <i>Special Purpose Acquisition Companies (SPACs)</i>. The Fund may invest in stock of, warrants to purchase stock of, and other interests in SPACs or similar special purposes entities. A SPAC is a publicly traded company that raises investment capital for the purpose of acquiring or merging with an existing company. Investments in SPACs and similar entities are subject to a variety of risks beyond those associated with other equity securities. Because SPACs and similar entities do not have any operating history or ongoing business other than seeking acquisitions, the value of their securities is particularly dependent on the ability of the SPAC’s management to identify a merger target and complete an acquisition. Until an acquisition or merger is completed, a SPAC generally invests its assets, less a portion retained to cover expenses, in U.S. government securities, money market securities and cash and does not typically pay dividends in respect of its common stock. As a result, it is possible that an investment in a SPAC may lose value.\n</blockquote>\n<p>But then the filing gets<i>very</i>interesting - language is removed that allows ARK funds to take&nbsp;<i>even larger</i>concentrations in names - in addition to over-the-counter traded ADRs, which are notoriously riskier products than normal equity.</p>\n<p>The amendment&nbsp;removes&nbsp;ARK's limit to invest 10% of its total assets in any active fund in ADRs that are traded over-the-counter.</p>\n<p><img src=\"https://static.tigerbbs.com/2bce1e8e9b6703975f8c9e2d9074a96d\" tg-width=\"500\" tg-height=\"121\">On top of that, the amended prospectus removes language that formerly limited ARK to investing no more than 30% of a fund's&nbsp;total assets into securities issued by a single company. Another \"rule\" removed was language preventing ARK from investing in more than 20% of a company's total outstanding shares.</p>\n<p><img src=\"https://static.tigerbbs.com/cce6710dda8e17521ae59148059b26a1\" tg-width=\"500\" tg-height=\"205\">The amendments portend ARK piling further into concentrated, high-risk names that dominate their respective funds. Wood's recent rotation out of big cap names like Microsoft and into \"speculative\" smaller cap companies like Workhorse and Vuzix has made it clear that the firm's appetite for risk continues to grow as NASDAQ volatility continues.</p>\n<p>Obviously, if a pin is finally going to prick the NASDAQ gamma bubble that has blown up over the last 12 months, the higher Wood's concentration in speculative names, the more spectacular a crash would be for ARK funds.</p>\n<p>But for now, ARK continues to hold up - we noted itwill be launchingits Space ETF as soon as this week. And despite noting that theNASDAQ gamma squeezeappears to be over, Wood and her team seem hell bent on continuing to tempt fate. We'll keep a close eye on the situation going forward.</p>\n<p></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>ARK Funds Amend ETF Prospectus To Remove Investment Concentration Limits</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; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\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\">\nARK Funds Amend ETF Prospectus To Remove Investment Concentration Limits\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-29 23:02 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.zerohedge.com/markets/ark-funds-amend-etf-prospectus-remove-investment-concentration-limits?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedge+-+on+a+long+enough+timeline%2C+the+survival+rate+for+everyone+drops+to+zero%29><strong>zerohedge</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>We have been following the volatility with flows in and out of ARK Funds over the last few months, make note of Cathie Wood's performance and \"proprietary\" investing style as the NASDAQ has whipsawed ...</p>\n\n<a href=\"https://www.zerohedge.com/markets/ark-funds-amend-etf-prospectus-remove-investment-concentration-limits?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedge+-+on+a+long+enough+timeline%2C+the+survival+rate+for+everyone+drops+to+zero%29\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.zerohedge.com/markets/ark-funds-amend-etf-prospectus-remove-investment-concentration-limits?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedge+-+on+a+long+enough+timeline%2C+the+survival+rate+for+everyone+drops+to+zero%29","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1108487611","content_text":"We have been following the volatility with flows in and out of ARK Funds over the last few months, make note of Cathie Wood's performance and \"proprietary\" investing style as the NASDAQ has whipsawed back and forth for the better part of 2021.\nNow, it looks like ARK is making some changes in its disclosures commensurate with its recent \"active investing style\", wherein it has been rotating out of large cap tech names and into smaller, more speculative names, especially in its ARKK flagship fund.\nARK funds filed an amendment to its prospectuses for its ETFs on Friday, making some little recognized changes that were caught by @syouth1 on Twitterover the weekend.\nAs the tweet notes, the new ARKSEC filing does several things. First, on a perfunctory note, it specifies risks related to investing in SPACs, noting that they are \"subject to a variety of risks beyond those associated with other equity securities\".\n\nSpecial Purpose Acquisition Companies (SPACs). The Fund may invest in stock of, warrants to purchase stock of, and other interests in SPACs or similar special purposes entities. A SPAC is a publicly traded company that raises investment capital for the purpose of acquiring or merging with an existing company. Investments in SPACs and similar entities are subject to a variety of risks beyond those associated with other equity securities. Because SPACs and similar entities do not have any operating history or ongoing business other than seeking acquisitions, the value of their securities is particularly dependent on the ability of the SPAC’s management to identify a merger target and complete an acquisition. Until an acquisition or merger is completed, a SPAC generally invests its assets, less a portion retained to cover expenses, in U.S. government securities, money market securities and cash and does not typically pay dividends in respect of its common stock. As a result, it is possible that an investment in a SPAC may lose value.\n\nBut then the filing getsveryinteresting - language is removed that allows ARK funds to take even largerconcentrations in names - in addition to over-the-counter traded ADRs, which are notoriously riskier products than normal equity.\nThe amendment removes ARK's limit to invest 10% of its total assets in any active fund in ADRs that are traded over-the-counter.\nOn top of that, the amended prospectus removes language that formerly limited ARK to investing no more than 30% of a fund's total assets into securities issued by a single company. Another \"rule\" removed was language preventing ARK from investing in more than 20% of a company's total outstanding shares.\nThe amendments portend ARK piling further into concentrated, high-risk names that dominate their respective funds. Wood's recent rotation out of big cap names like Microsoft and into \"speculative\" smaller cap companies like Workhorse and Vuzix has made it clear that the firm's appetite for risk continues to grow as NASDAQ volatility continues.\nObviously, if a pin is finally going to prick the NASDAQ gamma bubble that has blown up over the last 12 months, the higher Wood's concentration in speculative names, the more spectacular a crash would be for ARK funds.\nBut for now, ARK continues to hold up - we noted itwill be launchingits Space ETF as soon as this week. And despite noting that theNASDAQ gamma squeezeappears to be over, Wood and her team seem hell bent on continuing to tempt fate. We'll keep a close eye on the situation going forward.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":3915948,"gmtCreate":1617060545185,"gmtModify":1635746859400,"authorId":3573120478211201,"author":{"id":3573120478211201,"idStr":"3573120478211201","authorId":3573120478211201,"name":"T2021073008","avatar":"https://static.tigerbbs.com/14b8430a289443f02b32c8c00831b59e","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":355830050,"type":1,"supId":0,"prevId":0,"content":":)","text":":)","html":":)"}],"langContent":"EN"},{"id":355893796,"gmtCreate":1617057344915,"gmtModify":1634522940750,"author":{"id":"3574505150334854","authorId":"3574505150334854","name":"JeffKuok","avatar":"https://static.tigerbbs.com/ef9d217367bad7520d4e3958191d5946","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"3574505150334854","authorIdStr":"3574505150334854"},"htmlText":"like n comment","listText":"like n comment","text":"like n comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/355893796","repostId":1108487611,"repostType":4,"repost":{"id":"1108487611","kind":"news","pubTimestamp":1617030137,"share":"https://www.laohu8.com/m/news/1108487611?lang=&edition=full","pubTime":"2021-03-29 23:02","market":"us","language":"en","title":"ARK Funds Amend ETF Prospectus To Remove Investment Concentration Limits","url":"https://stock-news.laohu8.com/highlight/detail?id=1108487611","media":"zerohedge","summary":"We have been following the volatility with flows in and out of ARK Funds over the last few months, make note of Cathie Wood's performance and \"proprietary\" investing style as the NASDAQ has whipsawed back and forth for the better part of 2021.Now, it looks like ARK is making some changes in its disclosures commensurate with its recent \"active investing style\", wherein it has been rotating out of large cap tech names and into smaller, more speculative names, especially in its ARKK flagship fund.A","content":"<p>We have been following the volatility with flows in and out of ARK Funds over the last few months, make note of Cathie Wood's performance and \"proprietary\" investing style as the NASDAQ has whipsawed back and forth for the better part of 2021.</p>\n<p>Now, it looks like ARK is making some changes in its disclosures commensurate with its recent \"active investing style\", wherein it has been rotating out of large cap tech names and into smaller, more speculative names, especially in its ARKK flagship fund.</p>\n<p>ARK funds filed an amendment to its prospectuses for its ETFs on Friday, making some little recognized changes that were caught by&nbsp;@syouth1 on Twitterover the weekend.</p>\n<p><img src=\"https://static.tigerbbs.com/b33212d1be9470754b1d7207c20f1b74\" tg-width=\"469\" tg-height=\"694\">As the tweet notes, the new ARKSEC filing&nbsp;does several things. First, on a perfunctory note, it specifies risks related to investing in SPACs, noting that they are \"subject to a variety of risks beyond those associated with other equity securities\".</p>\n<blockquote>\n <i>Special Purpose Acquisition Companies (SPACs)</i>. The Fund may invest in stock of, warrants to purchase stock of, and other interests in SPACs or similar special purposes entities. A SPAC is a publicly traded company that raises investment capital for the purpose of acquiring or merging with an existing company. Investments in SPACs and similar entities are subject to a variety of risks beyond those associated with other equity securities. Because SPACs and similar entities do not have any operating history or ongoing business other than seeking acquisitions, the value of their securities is particularly dependent on the ability of the SPAC’s management to identify a merger target and complete an acquisition. Until an acquisition or merger is completed, a SPAC generally invests its assets, less a portion retained to cover expenses, in U.S. government securities, money market securities and cash and does not typically pay dividends in respect of its common stock. As a result, it is possible that an investment in a SPAC may lose value.\n</blockquote>\n<p>But then the filing gets<i>very</i>interesting - language is removed that allows ARK funds to take&nbsp;<i>even larger</i>concentrations in names - in addition to over-the-counter traded ADRs, which are notoriously riskier products than normal equity.</p>\n<p>The amendment&nbsp;removes&nbsp;ARK's limit to invest 10% of its total assets in any active fund in ADRs that are traded over-the-counter.</p>\n<p><img src=\"https://static.tigerbbs.com/2bce1e8e9b6703975f8c9e2d9074a96d\" tg-width=\"500\" tg-height=\"121\">On top of that, the amended prospectus removes language that formerly limited ARK to investing no more than 30% of a fund's&nbsp;total assets into securities issued by a single company. Another \"rule\" removed was language preventing ARK from investing in more than 20% of a company's total outstanding shares.</p>\n<p><img src=\"https://static.tigerbbs.com/cce6710dda8e17521ae59148059b26a1\" tg-width=\"500\" tg-height=\"205\">The amendments portend ARK piling further into concentrated, high-risk names that dominate their respective funds. Wood's recent rotation out of big cap names like Microsoft and into \"speculative\" smaller cap companies like Workhorse and Vuzix has made it clear that the firm's appetite for risk continues to grow as NASDAQ volatility continues.</p>\n<p>Obviously, if a pin is finally going to prick the NASDAQ gamma bubble that has blown up over the last 12 months, the higher Wood's concentration in speculative names, the more spectacular a crash would be for ARK funds.</p>\n<p>But for now, ARK continues to hold up - we noted itwill be launchingits Space ETF as soon as this week. And despite noting that theNASDAQ gamma squeezeappears to be over, Wood and her team seem hell bent on continuing to tempt fate. We'll keep a close eye on the situation going forward.</p>\n<p></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>ARK Funds Amend ETF Prospectus To Remove Investment Concentration Limits</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; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\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\">\nARK Funds Amend ETF Prospectus To Remove Investment Concentration Limits\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-29 23:02 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.zerohedge.com/markets/ark-funds-amend-etf-prospectus-remove-investment-concentration-limits?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedge+-+on+a+long+enough+timeline%2C+the+survival+rate+for+everyone+drops+to+zero%29><strong>zerohedge</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>We have been following the volatility with flows in and out of ARK Funds over the last few months, make note of Cathie Wood's performance and \"proprietary\" investing style as the NASDAQ has whipsawed ...</p>\n\n<a href=\"https://www.zerohedge.com/markets/ark-funds-amend-etf-prospectus-remove-investment-concentration-limits?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedge+-+on+a+long+enough+timeline%2C+the+survival+rate+for+everyone+drops+to+zero%29\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.zerohedge.com/markets/ark-funds-amend-etf-prospectus-remove-investment-concentration-limits?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedge+-+on+a+long+enough+timeline%2C+the+survival+rate+for+everyone+drops+to+zero%29","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1108487611","content_text":"We have been following the volatility with flows in and out of ARK Funds over the last few months, make note of Cathie Wood's performance and \"proprietary\" investing style as the NASDAQ has whipsawed back and forth for the better part of 2021.\nNow, it looks like ARK is making some changes in its disclosures commensurate with its recent \"active investing style\", wherein it has been rotating out of large cap tech names and into smaller, more speculative names, especially in its ARKK flagship fund.\nARK funds filed an amendment to its prospectuses for its ETFs on Friday, making some little recognized changes that were caught by @syouth1 on Twitterover the weekend.\nAs the tweet notes, the new ARKSEC filing does several things. First, on a perfunctory note, it specifies risks related to investing in SPACs, noting that they are \"subject to a variety of risks beyond those associated with other equity securities\".\n\nSpecial Purpose Acquisition Companies (SPACs). The Fund may invest in stock of, warrants to purchase stock of, and other interests in SPACs or similar special purposes entities. A SPAC is a publicly traded company that raises investment capital for the purpose of acquiring or merging with an existing company. Investments in SPACs and similar entities are subject to a variety of risks beyond those associated with other equity securities. Because SPACs and similar entities do not have any operating history or ongoing business other than seeking acquisitions, the value of their securities is particularly dependent on the ability of the SPAC’s management to identify a merger target and complete an acquisition. Until an acquisition or merger is completed, a SPAC generally invests its assets, less a portion retained to cover expenses, in U.S. government securities, money market securities and cash and does not typically pay dividends in respect of its common stock. As a result, it is possible that an investment in a SPAC may lose value.\n\nBut then the filing getsveryinteresting - language is removed that allows ARK funds to take even largerconcentrations in names - in addition to over-the-counter traded ADRs, which are notoriously riskier products than normal equity.\nThe amendment removes ARK's limit to invest 10% of its total assets in any active fund in ADRs that are traded over-the-counter.\nOn top of that, the amended prospectus removes language that formerly limited ARK to investing no more than 30% of a fund's total assets into securities issued by a single company. Another \"rule\" removed was language preventing ARK from investing in more than 20% of a company's total outstanding shares.\nThe amendments portend ARK piling further into concentrated, high-risk names that dominate their respective funds. Wood's recent rotation out of big cap names like Microsoft and into \"speculative\" smaller cap companies like Workhorse and Vuzix has made it clear that the firm's appetite for risk continues to grow as NASDAQ volatility continues.\nObviously, if a pin is finally going to prick the NASDAQ gamma bubble that has blown up over the last 12 months, the higher Wood's concentration in speculative names, the more spectacular a crash would be for ARK funds.\nBut for now, ARK continues to hold up - we noted itwill be launchingits Space ETF as soon as this week. And despite noting that theNASDAQ gamma squeezeappears to be over, Wood and her team seem hell bent on continuing to tempt fate. We'll keep a close eye on the situation going forward.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":3915582,"gmtCreate":1617057364749,"gmtModify":1635746884750,"authorId":3574505150334854,"author":{"id":3574505150334854,"idStr":"3574505150334854","authorId":3574505150334854,"name":"JeffKuok","avatar":"https://static.tigerbbs.com/ef9d217367bad7520d4e3958191d5946","vip":1,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":355893796,"type":1,"supId":0,"prevId":0,"content":"up up up","text":"up up up","html":"up up up"},{"id":3915657,"gmtCreate":1617057909194,"gmtModify":1635746879401,"authorId":3558034199477068,"author":{"id":3558034199477068,"idStr":"3558034199477068","authorId":3558034199477068,"name":"Kingkong1234","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":355893796,"type":1,"supId":0,"prevId":0,"content":"Like and comments","text":"Like and comments","html":"Like and comments"}],"langContent":"EN"},{"id":355177037,"gmtCreate":1617054660429,"gmtModify":1634522950934,"author":{"id":"3579242284896142","authorId":"3579242284896142","name":"CherryPang","avatar":"https://static.tigerbbs.com/72256d5f02e9431fb7df955e5b3418f8","vip":1,"crmLevel":6,"crmLevelSwitch":0,"idStr":"3579242284896142","authorIdStr":"3579242284896142"},"htmlText":"Wow","listText":"Wow","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/355177037","repostId":1108487611,"repostType":4,"repost":{"id":"1108487611","kind":"news","pubTimestamp":1617030137,"share":"https://www.laohu8.com/m/news/1108487611?lang=&edition=full","pubTime":"2021-03-29 23:02","market":"us","language":"en","title":"ARK Funds Amend ETF Prospectus To Remove Investment Concentration Limits","url":"https://stock-news.laohu8.com/highlight/detail?id=1108487611","media":"zerohedge","summary":"We have been following the volatility with flows in and out of ARK Funds over the last few months, make note of Cathie Wood's performance and \"proprietary\" investing style as the NASDAQ has whipsawed back and forth for the better part of 2021.Now, it looks like ARK is making some changes in its disclosures commensurate with its recent \"active investing style\", wherein it has been rotating out of large cap tech names and into smaller, more speculative names, especially in its ARKK flagship fund.A","content":"<p>We have been following the volatility with flows in and out of ARK Funds over the last few months, make note of Cathie Wood's performance and \"proprietary\" investing style as the NASDAQ has whipsawed back and forth for the better part of 2021.</p>\n<p>Now, it looks like ARK is making some changes in its disclosures commensurate with its recent \"active investing style\", wherein it has been rotating out of large cap tech names and into smaller, more speculative names, especially in its ARKK flagship fund.</p>\n<p>ARK funds filed an amendment to its prospectuses for its ETFs on Friday, making some little recognized changes that were caught by&nbsp;@syouth1 on Twitterover the weekend.</p>\n<p><img src=\"https://static.tigerbbs.com/b33212d1be9470754b1d7207c20f1b74\" tg-width=\"469\" tg-height=\"694\">As the tweet notes, the new ARKSEC filing&nbsp;does several things. First, on a perfunctory note, it specifies risks related to investing in SPACs, noting that they are \"subject to a variety of risks beyond those associated with other equity securities\".</p>\n<blockquote>\n <i>Special Purpose Acquisition Companies (SPACs)</i>. The Fund may invest in stock of, warrants to purchase stock of, and other interests in SPACs or similar special purposes entities. A SPAC is a publicly traded company that raises investment capital for the purpose of acquiring or merging with an existing company. Investments in SPACs and similar entities are subject to a variety of risks beyond those associated with other equity securities. Because SPACs and similar entities do not have any operating history or ongoing business other than seeking acquisitions, the value of their securities is particularly dependent on the ability of the SPAC’s management to identify a merger target and complete an acquisition. Until an acquisition or merger is completed, a SPAC generally invests its assets, less a portion retained to cover expenses, in U.S. government securities, money market securities and cash and does not typically pay dividends in respect of its common stock. As a result, it is possible that an investment in a SPAC may lose value.\n</blockquote>\n<p>But then the filing gets<i>very</i>interesting - language is removed that allows ARK funds to take&nbsp;<i>even larger</i>concentrations in names - in addition to over-the-counter traded ADRs, which are notoriously riskier products than normal equity.</p>\n<p>The amendment&nbsp;removes&nbsp;ARK's limit to invest 10% of its total assets in any active fund in ADRs that are traded over-the-counter.</p>\n<p><img src=\"https://static.tigerbbs.com/2bce1e8e9b6703975f8c9e2d9074a96d\" tg-width=\"500\" tg-height=\"121\">On top of that, the amended prospectus removes language that formerly limited ARK to investing no more than 30% of a fund's&nbsp;total assets into securities issued by a single company. Another \"rule\" removed was language preventing ARK from investing in more than 20% of a company's total outstanding shares.</p>\n<p><img src=\"https://static.tigerbbs.com/cce6710dda8e17521ae59148059b26a1\" tg-width=\"500\" tg-height=\"205\">The amendments portend ARK piling further into concentrated, high-risk names that dominate their respective funds. Wood's recent rotation out of big cap names like Microsoft and into \"speculative\" smaller cap companies like Workhorse and Vuzix has made it clear that the firm's appetite for risk continues to grow as NASDAQ volatility continues.</p>\n<p>Obviously, if a pin is finally going to prick the NASDAQ gamma bubble that has blown up over the last 12 months, the higher Wood's concentration in speculative names, the more spectacular a crash would be for ARK funds.</p>\n<p>But for now, ARK continues to hold up - we noted itwill be launchingits Space ETF as soon as this week. And despite noting that theNASDAQ gamma squeezeappears to be over, Wood and her team seem hell bent on continuing to tempt fate. We'll keep a close eye on the situation going forward.</p>\n<p></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>ARK Funds Amend ETF Prospectus To Remove Investment Concentration Limits</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; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\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\">\nARK Funds Amend ETF Prospectus To Remove Investment Concentration Limits\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-29 23:02 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.zerohedge.com/markets/ark-funds-amend-etf-prospectus-remove-investment-concentration-limits?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedge+-+on+a+long+enough+timeline%2C+the+survival+rate+for+everyone+drops+to+zero%29><strong>zerohedge</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>We have been following the volatility with flows in and out of ARK Funds over the last few months, make note of Cathie Wood's performance and \"proprietary\" investing style as the NASDAQ has whipsawed ...</p>\n\n<a href=\"https://www.zerohedge.com/markets/ark-funds-amend-etf-prospectus-remove-investment-concentration-limits?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedge+-+on+a+long+enough+timeline%2C+the+survival+rate+for+everyone+drops+to+zero%29\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.zerohedge.com/markets/ark-funds-amend-etf-prospectus-remove-investment-concentration-limits?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedge+-+on+a+long+enough+timeline%2C+the+survival+rate+for+everyone+drops+to+zero%29","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1108487611","content_text":"We have been following the volatility with flows in and out of ARK Funds over the last few months, make note of Cathie Wood's performance and \"proprietary\" investing style as the NASDAQ has whipsawed back and forth for the better part of 2021.\nNow, it looks like ARK is making some changes in its disclosures commensurate with its recent \"active investing style\", wherein it has been rotating out of large cap tech names and into smaller, more speculative names, especially in its ARKK flagship fund.\nARK funds filed an amendment to its prospectuses for its ETFs on Friday, making some little recognized changes that were caught by @syouth1 on Twitterover the weekend.\nAs the tweet notes, the new ARKSEC filing does several things. First, on a perfunctory note, it specifies risks related to investing in SPACs, noting that they are \"subject to a variety of risks beyond those associated with other equity securities\".\n\nSpecial Purpose Acquisition Companies (SPACs). The Fund may invest in stock of, warrants to purchase stock of, and other interests in SPACs or similar special purposes entities. A SPAC is a publicly traded company that raises investment capital for the purpose of acquiring or merging with an existing company. Investments in SPACs and similar entities are subject to a variety of risks beyond those associated with other equity securities. Because SPACs and similar entities do not have any operating history or ongoing business other than seeking acquisitions, the value of their securities is particularly dependent on the ability of the SPAC’s management to identify a merger target and complete an acquisition. Until an acquisition or merger is completed, a SPAC generally invests its assets, less a portion retained to cover expenses, in U.S. government securities, money market securities and cash and does not typically pay dividends in respect of its common stock. As a result, it is possible that an investment in a SPAC may lose value.\n\nBut then the filing getsveryinteresting - language is removed that allows ARK funds to take even largerconcentrations in names - in addition to over-the-counter traded ADRs, which are notoriously riskier products than normal equity.\nThe amendment removes ARK's limit to invest 10% of its total assets in any active fund in ADRs that are traded over-the-counter.\nOn top of that, the amended prospectus removes language that formerly limited ARK to investing no more than 30% of a fund's total assets into securities issued by a single company. Another \"rule\" removed was language preventing ARK from investing in more than 20% of a company's total outstanding shares.\nThe amendments portend ARK piling further into concentrated, high-risk names that dominate their respective funds. Wood's recent rotation out of big cap names like Microsoft and into \"speculative\" smaller cap companies like Workhorse and Vuzix has made it clear that the firm's appetite for risk continues to grow as NASDAQ volatility continues.\nObviously, if a pin is finally going to prick the NASDAQ gamma bubble that has blown up over the last 12 months, the higher Wood's concentration in speculative names, the more spectacular a crash would be for ARK funds.\nBut for now, ARK continues to hold up - we noted itwill be launchingits Space ETF as soon as this week. And despite noting that theNASDAQ gamma squeezeappears to be over, Wood and her team seem hell bent on continuing to tempt fate. We'll keep a close eye on the situation going forward.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":144,"commentSize":43,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}