Cathie Wood, founder and CEO of ARK Investment Management, whose fund strategies brought investor returns topping 100 percent during 2020, has announced plans to launch a space ETF.
Announcement of the new space exploration fund shook the market, as space-related shares advanced, including those at Virgin Galactic, Maxar Technologies, Aerojet Rocketdyne and Iridium Communications, among other players.
Wood and her firm are all about disruptive technologies, and the big five technology platforms she argues are changing the world comprise artificial intelligence, robotics, energy storage, DNA sequencing and the blockchain. Perhaps the space economy will be added to that list.
Wood has a special skill for choosing winning strategies with her actively managed ETFs, including the ARK Genomic Revolution ETF, ARK Innovation ETF and ARK Next Generation Internet ETF, all of which recorded banner gains more than 100 percent during 2020.
What might the ARK Space Exp
