Great time to invest in cutting-edge technology, including AI

ARK Invest is betting big on private technology companies.

“It’s a great time to invest in innovation,” the company’s chief futurist Brett Winton told CNBC’s “ETF Edge” this week. “Both venture capital and public innovation companies are incredibly well valued today to make a long-term investment.”

Winton worked with the ARK Invest team to launch 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 intrinsic value at any time, regardless of market volatility. Investors can then sell into the fund every quarter during specific periods

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 are specifically designed to allow ordinary investors to invest in less liquid assets,” Winton said. “You don’t have to be an accredited investor… and you can invest at intrinsic value.”

As of Thursday’s close, the ARK Venture Fund was up 29% since its inception date. However, it is down more than 7% year to date.

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