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https://www.sec.gov/ix?doc=/Archives/edgar/data/1415995/000110465921150893/tm2135117-10_497.htmthe Fund will begin seeking investment results that correspond generally to the price and yield (before the Fund’s fees and expenses) of the Bloomberg IQ Multi-Asset Inflation Index (the “New Index”). ... Bloomberg Index Services Limited serves as the index provider for the New Index.
The New Index seeks to provide investors with a hedge against the inflation rate by providing diversified exposure to assets that have historically exhibited positive sensitivity to the Consumer Price Index, or CPI.
TANDX portfolio manager's name is John CAREW. Hmmmmm.....TANDX has a transaction fee at the 4 brokerages I checked, so I would probably buy and hold the fund as well.
“Our strategy is our strategy,” she said. “The opportunity in our strategy is huge right now.
We expect a compound annual rate of return of roughly over 40% over the next five years.”
Although the 5 year average annual return (as of 12/31/20) for ARKK was 45.40%,
it seems improbable that the fund will compound annually at ~40% over the next 5 years.
What does the good book say--pride cometh before...The $17.8 billion ARK Innovation ETF has tumbled more than 20% this year, with several of its top holdings like electric-vehicle giant Tesla Inc. and video-streaming platform Roku Inc. down from their peaks. During the same period, the S&P 500 Index climbed about 24%.
“I’ve never been in a market that is up -- has appreciated -- and our strategies are down,” Wood said in a Thursday interview with Bloomberg Television. “That has never happened before.”
Wood says her funds are sticking to their plans even after the rough stretch, and that their models forecast big returns in the next half decade.
“Our strategy is our strategy,” she said. “The opportunity in our strategy is huge right now. We expect a compound annual rate of return of roughly over 40% over the next five years.”
“When we go through a period like this, of course we are going through soul-searching, saying ‘are we missing something?’” she said, adding that in response, Ark has doubled down on its research and modeling.
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