How to invest in ARKk - ETFs

[BGARK]

Could anyone please explain how to invest in ARKK, Cathy Woods company?

Anyone doing this via Interactive Brokers?

Many thanks.

[MikeKite]

BGARK said:

Could anyone please explain how to invest in ARKK, Cathy Woods company?

Anyone doing this via Interactive Brokers?

Many thanks.

Start by putting your fingers in your ears and singing "We are not in an enormous bubble"?

[BlackG7R]

As far as I can see, as a UK investor you can't currently invest in ARK.

I did look into it a while back, but couldn't find a way of doing it.

They don't currently have KIID document for their ETF's, but I believe they are working on it.

[BGARK]

MikeKite said:

Start by putting your fingers in your ears and singing "We are not in an enormous bubble"?

Thanks for the helpful advice.

I am investing a portion of my portfolio into high-risk areas.

Do you know the answer to my question?

[BGARK]

BlackG7R said:

As far as I can see, as a UK investor you can't currently invest in ARK.

I did look into it a while back, but couldn't find a way of doing it.

They don't currently have KIID document for their ETF's, but I believe they are working on it.

Thank you, I did try via Interactive Brokers and it just says "no", without explanation, hence why I was asking here.

[p_k_n]

The only option I have found seems to be ARK "Pies" on Trading 212 - the issue is that they need to be manually updated and not all the stocks can be wrapped in an ISA.

[NickCQ]

If you want ARK exposure you could just buy the underlying, which seems to be mostly TSLA with a sprinkling of other EV meme stocks. They must publish their holdings somewhere.

[Jiebo]

MikeKite said:

Start by putting your fingers in your ears and singing "We are not in an enormous bubble"?

Yes, if you don't account for QE and a decade of 0% interest rates, it is. It's worth however digging a little deeper, as the models used pre 2008 (and that I and many others learnt at university) don't really apply in my view.

Regarding ARK in particular, they are one of the most transparent funds in existence. Cathie Wood openly has said in numerous videos that she fully expects a big correction this year, and people should keep profits aside for the dip. The fund keeps huge positions in Tesla and the like because of what it's going to become in 10 years, and along the way may dip by 50%.

[MikeKite]

Jiebo said:

MikeKite said:

Start by putting your fingers in your ears and singing "We are not in an enormous bubble"?

Yes, if you don't account for QE and a decade of 0% interest rates, it is. It's worth however digging a little deeper, as the models used pre 2008 (and that I and many others learnt at university) don't really apply in my view.

Regarding ARK in particular, they are one of the most transparent funds in existence. Cathie Wood openly has said in numerous videos that she fully expects a big correction this year, and people should keep profits aside for the dip. The fund keeps huge positions in Tesla and the like because of what it's going to become in 10 years, and along the way may dip by 50%.

What models?

[BlackG7R]

NickCQ said:

If you want ARK exposure you could just buy the underlying, which seems to be mostly TSLA with a sprinkling of other EV meme stocks. They must publish their holdings somewhere.

Check out their website. Very easy to see every holding in each of the ETFs.

[Jiebo]

MikeKite said:

What models?

I assumed you knew this, and based your view of the markets being overvalued on something tangible?

I guess not. Ok so, with equities there are several way to value markets. Some of these are:

Historical Price to Earning ratios - i.e. look at P/E ratio back in the dot com boom and compare to today

Buffett Indicator - which is the size of the equity market relative to GDP

CAPE, cyclically adjusted price to earning ratio - i.e. Price / earning over 10 years (roughly previous business cycle). This is a good one to pick up historically expensive periods in the equities market.


These are the models that most people talk about if they say the markets are overvalued. However none of these consider the almost 0% interest rates.

To include this as a factor, there is the excess cape yield - ECY, which is 1/CAPE - 10yr real yield. ECY shows that the markets are not overvalued considering the environment.

[NickCQ]

This time it's different.

I'm not sure that yield-based metrics make sense when the majority of market appreciation is driven by non-profitable non-dividend-paying stonks.

Edited by NickCQ on Thursday 28th January 23:16

[Jiebo]

NickCQ said:

This time it's different.

I'm not sure that yield-based metrics make sense when the majority of market appreciation is driven by non-profitable non-dividend-paying stonks.

Edited by NickCQ on Thursday 28th January 23:16

Yes certain stocks, Tesla being a prime example, are overvalued by traditional earnings based valuation approaches. I'm not arguing that.

My point is that the entire global equity market isn't overvalued based on the valuation models taking into account the interest rates being zero and trillions of dollars of QE.

To discount the huge impact of IR and QE is not understanding what's happening, and how fundamental economics has changed in 2008.

[MikeKite]

Jiebo said:

MikeKite said:

What models?

I assumed you knew this, and based your view of the markets being overvalued on something tangible?

I guess not. Ok so, with equities there are several way to value markets. Some of these are:

Historical Price to Earning ratios - i.e. look at P/E ratio back in the dot com boom and compare to today

Buffett Indicator - which is the size of the equity market relative to GDP

CAPE, cyclically adjusted price to earning ratio - i.e. Price / earning over 10 years (roughly previous business cycle). This is a good one to pick up historically expensive periods in the equities market.


These are the models that most people talk about if they say the markets are overvalued. However none of these consider the almost 0% interest rates.

To include this as a factor, there is the excess cape yield - ECY, which is 1/CAPE - 10yr real yield. ECY shows that the markets are not overvalued considering the environment.

I made no reference to the market being overvalued - a debate for another day. I was referring to the fund/holdings within.

[MikeKite]

NickCQ said:

This time it's different.

I'm not sure that yield-based metrics make sense when the majority of market appreciation is driven by non-profitable non-dividend-paying stonks.

Edited by NickCQ on Thursday 28th January 23:16

I'm not sure it's all that different.

https://en.wikipedia.org/wiki/Dot-com_bubble

"The news media took advantage of the public's desire to invest in the stock market; an article in The Wall Street Journal suggested that investors "re-think" the "quaint idea" of profit"

[sicasey]

BlackG7R said:

As far as I can see, as a UK investor you can't currently invest in ARK.

I did look into it a while back, but couldn't find a way of doing it.

They don't currently have KIID document for their ETF's, but I believe they are working on it.

IG Trading allow access to the various ARK funds.

I'm in both ARK Genomic and Innovation.

How anyone could argue that both Genomics and Innovation won't be huge in the future needs to think again.

[NickCQ]

MikeKite said:

NickCQ said:

This time it's different.

I'm not sure it's all that different.

it's a joke
https://www.amazon.co.uk/This-Time-Different-Centu...

[MikeKite]

NickCQ said:

MikeKite said:

NickCQ said:

This time it's different.

I'm not sure it's all that different.

it's a joke
https://www.amazon.co.uk/This-Time-Different-Centu...

I'm a bit slow!

[NickCQ]

MikeKite said:

I'm a bit slow!

it's Friday though

[sicasey]

BlackG7R said:

As far as I can see, as a UK investor you can't currently invest in ARK.

I did look into it a while back, but couldn't find a way of doing it.

They don't currently have KIID document for their ETF's, but I believe they are working on it.

To add - IG initially said the same thing relating to KIID and the ARK Genomics ETF.

I was asked a few qualifying questions about my understanding of the ETF and then I was good to go.