ARKK & KWEB have imposter leveraged ETFs on the way from AXS Investments

Jan. 26, 2022 9:30 AM ETARK Innovation ETF (ARKK), KWEBSARKBy: Jason Capul, SA News Editor13 Comments

ETF text on a yellow background on wooden cubes

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  • Popular exchange traded funds ARK Innovation ETF (NYSEARCA:ARKK) and KraneShares CSI China Internet ETF (NYSEARCA:KWEB) have imposter leveraged funds filed for by AXS Investments.
  • The two ETFs filed for with the U.S. Securities and Exchange Commission are the AXS 2X Innovation ETF (TARK) and AXS Short China Internet ETF (SWEB).
  • TARK is a leveraged exchange traded fund that aims to provide investors two times the performance of the ARK Innovation ETF.
  • On the other hand, SWEB seeks to track an investment objective that is inverse to the performance of the KraneShares CSI China Internet ETF.
  • Both ARKK and KWEB have become popular investment vehicles for investors as many individuals have polarizing views of both.
  • ARKK has come crashing down from its all-time trading highs, and TARK will offer investors a bullish angle for contrarian investors who believe the innovative fund is oversold.
  • KWEB has also come crashing down, and the inverse fund SWEB can provide an opportunity to play the other side.
  • Year-to-date price action: ARKK -26.2% and KWEB -1.7%.
  • AXS Investments is not the first issuer to capitalize on a copycat ETF of ARKK or KWEB. The Tuttle Capital Short Innovation ETF (NASDAQ:SARK) is a fund for investors that provides a contrarian viewpoint to the popular ARKK.

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