Finance
Amazing time to invest in cutting-edge tech including AI
ARK Invest is betting big on private tech companies.
“It’s an amazing time to invest in innovation,” the firm’s chief futurist, Brett Winton, told CNBC’s “ETF Edge” this week. “Both venture exposures and public innovation companies are incredibly well valued today to take a long-term investment.”
Winton worked with the ARK Invest team to create the ARK Venture Fund (ARKVX), a closed end interval fund, in September 2022.
Closed-end interval funds allow investors to invest in private companies at their net asset value at any time, regardless of market volatility. Investors can then sell back to the fund quarterly during specific time frames.
According to ARK Invest‘s website, the fund’s largest private holdings as of April 10 were Epic Games, SpaceX, Freenome and Anthropic.
“Interval funds were designed specifically to allow everyday investors to invest in less liquid assets,” Winton said. “You don’t have to be an accredited investor … and you get to invest at the net asset value.”
As of Thursday’s close, the ARK Venture Fund was up 29% since its inception date. However, it’s off more than 7% year to date.
Money manager John Davi is positioning for challenges tied to President-elect Donald Trump’s tariff agenda.
Davi said he worries the new administration’s policies could be “very inflationary,” so he thinks it is important to choose investments carefully.
“Small-cap industrials make more sense than large-cap industrials,” the Astoria Portfolio Advisors CEO told CNBC’s “ETF Edge” this week.
Davi, who is also the firm’s chief investment officer, expects the red sweep will help push a pro-growth, pro-domestic policy agenda forward that will benefit small caps.
It appears Wall Street agrees so far. Since the presidential election, the Russell 2000 index, which tracks small-cap stocks, is up around 4% as of Friday’s close.
Davi, whose firm has $1.9 billion in assets under management, also likes staying domestic despite the tariff risks.
“We’re overweight the U.S. I think that’s the right playbook in the next few years until the midterms,” added Davi. “We have two years of where he [Trump] can control a lot of the narrative.”
But Davi plans to stay away from fixed income due to challenges tied to the growing budget deficit.
“Be careful if you own bonds for sure,” said Davi.
Since the election, the benchmark 10-year Treasury yield is up 3% as of Friday’s close.
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