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According to ARK, it is a unique time to invest

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According to ARK, it is a unique time to invest

Private lives – why the latest technology is shying away from IPOs

ARK Invest’s chief futurist names five groups that should give tech investors an edge.

According to Brett Winton, robotics, artificial intelligence, multi-omics sequencing, public blockchain and energy storage are important areas because they are all coming to market at the same time.

“We believe this is a unique time in technological-economic history,” he told CNBC’s “ETF Edge” this week.

Winton is working with Cathie Wood, CEO of ARK Invest, to maintain the ARK Venture Fund (ARKVX), which allows investors to buy into the private technology space.

According to the company’s website, the fund’s goal is to make venture capital offerings from innovative spaces in the market accessible to individual investors. As of April 10, the fund’s top positions include Epic Games, known for the online video game Fortnite, and biotech companies Freenome and Relation Therapeutics.

“Our emphasis is on investing in long-term innovation and supporting management teams,” Winton said.

He claims it is a strategy that is often not prioritized.

“That’s a real challenge. Many public market investors don’t have that long-term view,” Winton added.

The ARK Venture Fund is down more than 7% so far this year. However, it is up almost 39% percent over the past 52 weeks.

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