ARK ETF family pulls in ~$1B in fund flows Tuesday night
Dec. 23, 2020 10:40 AM ETARK Genomic Revolution ETF (ARKG), ARKK, ARKF, ARKWARKG, ARKK, ARKF, ARKWBy: Liz Kiesche, SA News Editor109 Comments
- The ARK family of ETFs continues its hot streak, taking in about $1B last night based on Monday's $2B in volume, points out Bloomberg ETF analyst Eric Balchunas.
- That means about half of its volume was creates.
- ARK Genomic Revolution Multi-Sector ETF (ARKG +0.5%) took in $410.6M on Tuesday night, with ARK Innovation ETF (ARKK +0.6%) attracting $317M.
- ARK Fintech Innovation ETF (ARKF -0.4%) brought in $91.9M and ARK Next Generation Internet ETF (ARKW -0.3%) $84.6M, according to Bloomberg.
- Watch for another $1B+ in flows tonight based off Tuesday's $2.3B in volume, Balchunas says.
- In the past year, the four ARK ETFs' total return ranges from 112% to 209%, easily outdoing the S&P 500's 16% return.
- SA contributor Anay Gawande maps out his case for ARKG as the best performing ARK fund over the next 10 years.
