DOCSLIB.ORG

Western Canada's Best Advisors

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Western Canada's Best Advisors CAPITALIZING ON CRYPTOCURRENCY The lowdown on the investment product of the moment: Bitcoin ETFs 5-STAR ADVISORS AND TOP TEAMS WP checked in with investors to find out which advisors and teams provide the best service WWW.WEALTHPROFESSIONAL.CA SUSTAINABLE ISSUE 9.04 INVESTMENTS New funds that offer exposure to green bonds and clean energy 2021 WESTERN CANADA’S BEST ADVISORS Maili Wong leads the financial industry with competence and care as a top-ranked advisor The right partner The right funds Reaching our full potential takes more than just investing. It takes being invested. At Mackenzie, we’re on a mission to create a more invested world. That’s why we build unshakeable partnerships that lead to better advice and offer a broad suite of solutions for every investor, including sustainable investment options that aim to do well and do good. So, if you’re invested in your potential, we might just be the partner for you. Talk to your Mackenzie representative. Advisors Investors Mackenzie Commissions, trailing commissions, management fees and expenses all may be associated with investment funds. Please read the prospectus before investing. Investment funds are not guaranteed, their values change frequently and past performance may not be repeated. IFC-01_TOC-SUBBED.indd 2 30/04/2021 6:30:08 AM ISSUE 9.04 CONNECT WITH US Got a story or suggestion, or just want to find out some more information? @WealthProCA CONTENTS facebook.com/WealthProCA The right WEALTH PROFESSIONAL AWARD FINALISTS, P58 partner UPFRONT 02 Editorial Are DIY investors playing with fire? 04 Statistics Key data that should be on your radar 06 News analysis Bitcoin ETFs have opened up the world 33 of cryptocurrency to retail investors SPECIAL REPORT 08 Intelligence 5-STAR This month’s big movers and shakers ADVISORS AND 10 ETF update TOP TEAMS A new ETF marries sustainability and The right Which advisors and teams are fixed income delivering the best service to 12 Alternative investment update clients? Investors tell all Private equity gets replicated in a funds mutual fund package 17 Opinion Before your client purchases a business, they need to know the risks Reaching our full potential takes more 18FEATURES 45 than just investing. It takes being invested. HOT LIST 2021 FEATURES At Mackenzie, we’re on a mission to create In a year full of uncertainty, these 50 industry leaders helped guide Canada’s investment community through the storm 50 Land of opportunity a more invested world. That’s why we build Why suburban apartments are a good unshakeable partnerships that lead to better bet – even post-pandemic advice and offer a broad suite of solutions FEATURES 52 Taking a broader view How a global macro strategy can for every investor, including sustainable PEOPLE THE NEXT WAVE enhance portfolios investment options that aim to do well and do OF INNOVATION INDUSTRY 54 Re-evaluating retirement good. So, if you’re invested in your potential, Emerge Canada and ARK Invest ICON offer their insight on the next big income we might just be the partner for you. Karen Adams brought disruptive technologies A retirement solution that goes beyond a wealth of global fixed income experience to Fundserv, Talk to your Mackenzie representative. using it to build a more responsive and modern PEOPLE trading platform 48 From accountant to advisor Kevin Burkett has used his accounting Advisors Investors Mackenzie know-how to build a specialized practice 72 Other life Say om with dancer, yogini and advisor 56 Kristin Ramlal FEATURES COMING CLEAN WEALTHPROFESSIONAL.CA How Harvest Portfolios zeroed in on 14 a pure play in clean energy CHECK IT OUT ONLINE Commissions, trailing commissions, management fees and expenses all may be associated with investment funds. Please read the prospectus before investing. Investment funds are not guaranteed, their values change frequently and past performance may not be repeated. www.wealthprofessional.ca 1 IFC-01_TOC-SUBBED.indd 1 30/04/2021 6:30:24 AM UPFRONT EDITORIAL EXCHANGE TRADED FUNDS wealthprofessional.ca ISSUE 9.04 EDITORIAL SALES & MARKETING The danger of DIY Editor Vice President, TSX Media and Client Strategy HCLN Darren Matte Writers Dane Taylor platforms Leo Almazora National Account Managers James Burton Alan Stewart Chris Jones Catherine Reale Jonathan Russell Vice President, Sales HARVEST CLEAN ENERGY ETF recent study by the UK’s Financial Conduct Authority revealed that Executive Editor John Mackenzie younger investors are potentially being prompted to make higher-risk Ryan Smith Project Coordinator investments due to the availability of new investment apps. While this Copy Editor Jessica Duce A Clare Alexander study pertains to investors in the UK, it’s easy to draw parallels to North America. CORPORATE CONTRIBUTORS WATER WIND SOLAR In March, Canada saw three fund providers race to market with Bitcoin ETFs. President & CEO While these companies should be applauded for their innovation and the access- JT Dhoot Tim Duce ibility they’ve created, the fact remains that many young investors have jumped Richard Maloney Office/Traffic Manager Marni Parker at the opportunity to invest in Bitcoin – perhaps without truly understanding ART & PRODUCTION what they’re investing in. Events and Conference Manager Designer Chris Davis Recently, Wealthsimple Trade sent out an email to investors, announcing at Marla Morelos Chief Information Officer least one of the ETFs and the ability to trade Bitcoin itself – demonstrating just Production Coordinators Colin Chan how easy it can be for investors, sophisticated or not, to begin trading crypto- Loiza Razon Kat Guzman Human Resources Manager currency. What sometimes gets lost in this newfound ease, especially in the case Julia Bookallil Client Success Coordinator of cryptocurrencies, is their inherent risk. It’s easy to jump on the Bitcoin bull run, Kshipra Dhindaw Global COO but how many of these new investors remember that in December 2017, Bitcoin George Walmsley was at a high of US$20,020 and then fell to US$4,515 by December 2018? Global CEO Mike Shipley Access is a good thing, but so is an EDITORIAL INQUIRIES [email protected] understanding of what you’re investing SUBSCRIPTION INQUIRIES tel: 416 644 8740 • fax: 416 203 8940 The future is Clean in – and many young investors don’t [email protected] ADVERTISING INQUIRIES have that [email protected] Access is a good thing, but so is an understanding of what you’re investing in – and many young investors don’t have that. What compounds the problem is that many are getting advice from social media. That’s a scary notion because Key Media Canada (Wealth) Ltd. while there are many advisors who do have a good social media presence, there tel: +1 416 644 8740 are also many unqualified individuals that young investors are getting advice from. www.keymedia.com While good information is out there, there’s no guarantee that it will find the Offices in Toronto, London, Sydney, people who need it. That’s why it’s important for advisors to not only educate their Denver, Auckland, Manila clients, but also be there for those investors who need advice the most. It’s impera- tive that the financial industry continue to promote financial literacy initiatives Wealth Professional is part of an international – because risky assets and do-it-yourself investment platforms aren’t going away. family of B2B publications, websites and events for the finance and insurance industries ­­ ­ The team at Wealth Professional LIFE HEALTH PROFESSIONAL [email protected] T +1 416 644 874O INSURANCE BUSINESS CANADA Commissions, management fees and expenses all may be associated with investing in Harvest Exchange Traded Funds (managed by Harvest Portfolios Group Inc.). The funds [email protected] are not guaranteed, their values change frequently and past performance may not be repeated. Please read the relevant prospectus before investing. Certain statements T +1 416 644 874O included in this communication constitute forward-looking statements. The forward-looking statements are not historical facts but reflect the Fund’s, Harvest and the Manag- er of the Fund’s current expectations regarding future results or events. These forward looking statements are subject to a number of risks and uncertainties that could cause INSURANCE BUSINESS AMERICA actual results or events to differ materially from current expectations. Although the Fund, Harvest and the Manager of the Fund believes that the assumptions inherent in the [email protected] forward-looking statements are reasonable, forward-looking statements are not guarantees of future performance and, accordingly, readers are cautioned not to place undue T +1 720 316 0154 reliance on such statements due to the inherent uncertainty therein. The Fund, Harvest and the Manager of the Fund undertakes no obligation to update publicly or otherwise Copyright is reserved throughout. No part of this publication can be reproduced in whole or revise any forward-looking statement or information whether as a result of new information, future events or other such factors which affect this information, except as part without the express permission of the editor. Contributions are invited, but copies of work required by law. should be kept, as the magazine can accept no responsibility for loss 2 www.wealthprofessional.ca 02-03_Editorial-SUBBED.indd 2 30/04/2021 4:46:16 AM EXCHANGE TRADED FUNDS TSX HCLN HARVEST CLEAN ENERGY ETF WATER WIND SOLAR The future is Clean ­­ ­ Commissions, management fees and expenses all may be associated with investing in Harvest Exchange Traded Funds (managed by Harvest Portfolios Group Inc.). The funds are not guaranteed, their values change frequently and past performance may not be repeated. Please read the relevant prospectus before investing. Certain statements included in this communication constitute forward-looking statements. The forward-looking statements are not historical facts but reflect the Fund’s, Harvest and the Manag- er of the Fund’s current expectations regarding future results or events.
Load more

Recommended publications
  • Active Approach to Passive Investing
    SRPInsight Issue 4 | April/May 2021 @SRP_Insider ACTIVE APPROACH TO PASSIVE INVESTING AMERICAS // CUSTOM INDICES PROFILE // FNZ-HUB SRP AWARDS // SOCGEN p10 p24 p28 SRPInsight CONTENTS Editorial: Amelie Labbé, Pablo Conde, Lavanya Nair, Summer Wang, Marc Wolterink Contents Production: Paul Pancham Marketing: News Europe 4 Monique Kimona Bonnick The Application Programming Interface (API), is a web-based software Sales: News Americas 10 application which allows clients to access our data in a controlled Reihaneh Fakhari manner & integrate it using their own software packages & systems. News Apac 16 If you are interested in having a similar bespoke report produced for your organisation, please Expert View: Industry has shown resilience, now it is contact: at an inflection point 21 Retrieve. Reihaneh Fakhari T: +44 (0)20 7779 8220 Profile:FNZ Q-Hub - servicing QIS and AMCs • Download real time SRP data directly to excel M: +44 (0)79 8075 6761 with a customised touch 24 E: Reihaneh@structuredretail • Receive market share on each asset class/payoff for products.com each company of interest Feature: BBVA shifts gear as equities chief plan gains momentum 26 REPRINT POLICY: SRP’s Reprint Policy: Articles published by Feature: SRP 2021 Awards - SG racks up €15bn on SRP can be sent to sources for reference and for internal use only (including decrement, and counting 28 Interrogate. intranet posting and internal distribution). If an article is to be shared with a third party or re-published on a public website Q&A: Barclays: commodities are an interesting • Monitor & increase your market share (i.e. a location on the World Wide Web space to watch 30 that is accessible by anyone with a web • Carry out accurate trend analysis with comprenhensive browser and access to the internet), product data spanning over 15 years in seconds SRP offers reprints, PDFs of articles or Q&A: View from the top: investors want a more advertisements, and the licensing to active approach to saving, investing 32 republish any content published on the SRP website.
    [Show full text]
  • Bitcoin: Ringing the Bell for a New Asset Class 2 Ark Invest + Coinbase | Chris Burniske and Adam White
    Bitcoin Ringing the Bell For a New Asset Class Published: January 16, 2017 Author Chris Burniske, Analyst at ARK Invest Co-Author Adam White, VP & General Manager at Coinbase Join the conversation on Twitter @ARKinvest www.ark-invest.com BITCOIN: RINGING THE BELL FOR A NEW ASSET CLASS 2 ARK INVEST + COINBASE | CHRIS BURNISKE AND ADAM WHITE ABOUT THE AUTHORS CHRIS BURNISKE Chris Burniske serves as Blockchain Products Lead at ARK Invest, working on both research and business development. In 2015, ARK Invest became the first public fund manager to invest in bitcoin, offering the first two ETFs with bitcoin exposure. Chris frequently appears in media outlets including CNBC, Bloomberg, Forbes, USA Today, the Washington Post, and more. He graduated Phi Beta Kappa with a BS from Stanford. ADAM WHITE Adam White is the Vice President and General Manager of GDAX. He has worked as a consultant at Bain & Co. and as a product manager at Activision Blizzard. Prior to that, he tested experimental aircraft as a Captain in the United States Air Force. Adam holds an MBA from Harvard Business School and a BS in Optical Engineering from the University of California, Davis. SPECIAL THANKS to our contributors Catherine Wood / Brett Winton / Kellen Carter / Will Scherer / Sebastian Benkert / Lisa Dodd / Faith McCormick / Kristen Stone BITCOIN: RINGING THE BELL FOR A NEW ASSET CLASS 3 ARK INVEST + COINBASE | CHRIS BURNISKE AND ADAM WHITE INTRO Bitcoin and its underlying blockchain technology have become a force of innovation since being introduced in the midst of the 2007-2008 Financial Crisis.1 The utility of the technology has driven the value of the currency that rides on top of it—bitcoin with a lower-case “b”—to grow by more than 220 fold in the last five years.2 This means a person who invested $10,000 in bitcoin at the start of 2012 would now be a multi- millionaire.
    [Show full text]
  • We Believe Innovation Is Key to Growth
    ARK Investment Management LLC WE BELIEVE INNOVATION IS KEY TO GROWTH ARK offers investment solutions that seek to capture long-term growth in the public markets. www.ark-invest.com COMPANY PROFILE Capturing Long-Term Rooted in over 40 years of experience, we aim to identify long-term investment opportunities resulting from technological innovations such as robotics, artificial intelligence, energy storage, Growth Through DNA sequencing, and blockchain technology. By focusing solely on disruptive innovation, Disruptive Innovation we believe we can deliver long-term capital appreciation and performance with low correlation to traditional investment strategies. ARK researches and invests in a broad global universe that spans all countries and market capitalizations to identify companies that we believe will be the leaders, enablers, and beneficiaries of innovation. ARK’s Open Research Ecosystem is designed to capitalize on rapid change through the convergence of internal and external insights and the combination of top-down and bottom-up research. ARK sizes the opportunity of innovation, and then evaluates companies we believe are best positioned to benefit. We combine an iterative investment process and active management of high-conviction portfolios. ARK aims to capitalize on rapid change, while avoiding industries and companies likely to be displaced by advances in technology. ARK’s Investment ARK manages and sub advises a number of global public equity portfolios across a variety of investment vehicles. ARK’s products include a suite of exchange traded funds (ETFs), Strategies mutual funds, and managed accounts all focused solely on disruptive innovation. Each strategy seeks investment opportunities that offer growth over 3-5 years that we believe the market ignores or underestimates.
    [Show full text]
  • January 26, 2021 | for Informational Purposes Only This Is
    • ARK Investment Management LLC Big Ideas 2021 January 26, 2021 | For Informational Purposes Only This is not a recommendation in relation to any named securities and no warranty or guarantee is provided. Any references to particular securities are for illustrative purposes only. There is no assurance that the Adviser will make any investments with the same or similar characteristics as any investment presented. The reader should not assume that an investment identified was or will be profitable. PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE PERFORMANCE, FUTURE RETURNS ARE NOT GUARANTEED. www.ark-invest.com 2 • Big Ideas 2021 ARK aims to identify large-scale investment opportunities by Introduction focusing on who we believe to be the leaders, enablers, and beneficiaries of disruptive innovation. While we believe innovation is the key to growth, the opportunities it creates can be missed or misunderstood by traditional investment managers who are more focused on sectors, indexes, short-term earnings, and price movements. ARK’S BIG IDEAS ARK seeks to gain a deeper understanding of the convergence, market potential, and long-term impact of disruptive innovation by researching a global universe that spans sectors, industries, and markets. Today, we are witnessing an acceleration in new technological breakthroughs. To enlighten investors on the impact of these breakthroughs and the opportunities they should create, we began publishing Big Ideas in 2017. This annual research report seeks to highlight the latest developments in innovation and offers some of our most provocative research conclusions for the year. About ARK Headquartered in New York City, ARK Investment Management LLC is a federally registered investment adviser and privately held We hope you enjoy our “Big Ideas” for 2021.
    [Show full text]
  • Ark Fintech Innovation Etf
    ARKF ARK FINTECH INNOVATION ETF WHY INVEST IN ARKF? FUND DETAILS As of June 30, 2021 Ticker ARKF Exposure to Innovation: Aims for thematic multi-cap exposure to fintech Type Active Equity ETF innovations including mobile payments, digital wallets, peer-to-peer lending, blockchain technology, and risk transformation. CUSIP 00214Q708 ISIN US00214Q7088 Growth Potential: Aims to capture long-term growth with low correlation of relative returns to traditional growth strategies and negative correlation to value Primary Exchange NYSE Arca strategies. Inception Date 2019-02-04 Expense Ratio 0.75% Tool for Diversification: Offers a tool for diversification due to little overlap with traditional indices. It can be a complement to traditional value/growth strategies. Fund AUM $4.00 Billion Advisor ARK Investment Management LLC Grounded in Research: Combines top-down and bottom-up research in its Fund Distributor Foreside Fund Services, LLC portfolio management to identify innovative fintech companies and convergence across markets. Number of Holdings 43 Weighted Avg. Market Cap. $168 Billion Cost Effective: Provides a lower cost alternative to mutual funds with true active management in an Exchange Traded Fund (ETF) that invests in rapidly moving Median Market Cap. $58 Billion themes. Active Share (S&P500) 94% GROWTH OF 10,000 USD SINCE INCEPTION FUND OBJECTIVE ARKF is an actively managed Exchange Traded Fund (ETF) that NAV SPX Index M1WO Index seeks long-term growth of capital. It seeks to achieve this investment objective by investing under normal circumstances $30k primarily (at least 80% of its assets) in domestic and foreign equity securities of companies that are engaged in the $25k Fund’s investment theme of financial technology ("Fintech") innovation.
    [Show full text]
  • Cash App Vs. Venmo
    Cash App vs. Venmo A Look Inside America’s Most Popular Consumer Finance Applications Published: April 30, 2020 Author: Maximilian Friedrich, Analyst at ARK Invest Join the conversation on Twitter @ARKinvest www.ark-invest.com Cash App vs. Venmo A Look Inside America’s Most Popular Consumer Finance Applications Maximilian Friedrich, CONTENTS I. Introduction: The Venmo Application Programing Interface (“API”) 3 II. Analysis of the Venmo API 5 User and Transaction Growth 5 Cohort Analysis 7 III. The Rise of Cash App 11 IV. Digital Wallets in the US: An $800 Billion Opportunity 14 The Rise of Challenger Banks 17 How to Value the Digital Wallet Opportunity 19 SUMMARY: Popularized in China, digital wallets are becoming ubiquitous globally. PayPal’s Venmo and Square’s Cash App1 are attracting tens of millions of customers and evolving from peer-to-peer payment applications into diversified platforms that offer many inexpensive consumer finance products and better access than banks do today. In this white paper, we present original research on Venmo and Cash App, enabled importantly by Venmo’s public API data. In 2024, we expect more than 220 million digital wallet users in the US which, if valued like bank customers at maturity today, could represent an $800 billion opportunity in the US equity market. What is a Digital Wallet? ARK defines digital wallets as smartphone-enabled financial ecosystems that provide access to a variety of services including wealth management, insurance, instant payments, and cryptoassets. 1 At the time of this white paper, certain of ARK Investment Management LLC’s client portfolios hold positions in the equity security of these companies.
    [Show full text]
  • ARK Etfs) Third Quarter 2018 | Update As of September 30, 2018
    ARK EXCHANGE TRADED FUNDS (ARK ETFs) Third Quarter 2018 | Update as of September 30, 2018 ACTIVELY MANAGED ETFs As of September 30, 2018 | All holdings are subject to change. PORTFOLIO COMPOSITION TOP 10 HOLDINGS (%) ARKQ Element Exposure Company Weight Autonomous Vehicles 38.6% STRATASYS LTD 10.1% Robotics 26.1% TESLA INC 9.7% ARK Industrial Innovation ETF 3D Printing 24.5% BAIDU INC - SPON ADR 8.0% – Energy Storage 6.3% NVIDIA CORP 4.4% THE NEW INDUSTRIAL REVOLUTION Development of Infrastructure 2.4% APTIV PLC 4.1% – Space Exploration <1% JD.COM INC-ADR 3.9% Inception: 09/30/2014 Alternate Energy Sources <1% MATERIALISE NV-ADR 3.8% ark-funds.com/arkq Innovative Materials <1% TERADYNE INC 3.7% ALPHABET INC-CL C 3.5% AMAZON.COM INC 3.3% TOTAL 54.5% PORTFOLIO COMPOSITION TOP 10 HOLDINGS (%) ARKW Element Exposure Company Weight E-Commerce 21.9% TESLA INC 6.9% Big Data & Machine Learning 20.8% TENCENT HOLDINGS LTD-UNS ADR 5.7% ARK Web x.0 ETF Cloud Computing 18.1% BAIDU INC - SPON ADR 4.5% – Internet of Things 10.1% TWITTER INC 4.4% THE NEXT GENERATION INTERNET Digital Media 9.9% SQUARE INC - A 4.2% – Mobile 8.5% NVIDIA CORP 4.2% Inception: 09/30/2014 Social Platforms 6.8% AMAZON.COM INC 3.9% ark-funds.com/arkw Blockchain & P2P 3.6% NETFLIX INC 3.7% JD.COM INC-ADR 3.5% TAIWAN SEMICONDUCTOR-SP ADR 3.1% TOTAL 44.0% PORTFOLIO COMPOSITION TOP 10 HOLDINGS (%) ARKG Element Exposure Company Weight Gene Therapy 24.1% ILLUMINA INC 9.5% Instrumentation 17.5% INTELLIA THERAPEUTICS INC 9.5% ARK Genomic Revolution Targeted Therpeutics 15.6% INVITAE CORP
    [Show full text]
  • Big Ideas 2020
    ARK Investment Management LLC February 06, 2020 | For Informational Purposes Only This is not a recommendation in relation to any named securities and no warranty or guarantee is provided. Any references to particular securities are for illustrative purposes only. There is no assurance that the Adviser will make any investments with the same or similar characteristics as any investment presented. The reader should not assume that an investment identified was or will be profitable. PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE PERFORMANCE, FUTURE RETURNS ARE NOT GUARANTEED. www.ark-invest.com Introduction to ARK’s Big Ideas ARK Invest aims to identify large-scale investment opportunities by focusing on public companies that are the leaders, enablers, and beneficiaries of disruptive innovation. BIG IDEAS 2020 While we believe innovation is the key to growth, the opportunities it creates often are missed or misunderstood by traditional investment managers who are more focused on sectors, indexes, short-term earnings, or price movements. ARK seeks to gain a deeper understanding of the convergence, market potential, and long-term impact of disruptive innovation by researching a global universe that spans sectors, industries, and markets. Today, we seem to be witnessing an acceleration in new technological breakthroughs. To enlighten investors on the impact of these breakthroughs and the opportunities they will create, we began publishing Big Ideas in 2017. This annual research report highlights the latest developments in innovation and offers some of our most provocative research conclusions for the coming year. We hope you enjoy our “Big Ideas” for 2020. 2 ARK’s Big Ideas 2020 1.
    [Show full text]
  • Ark Etf Trust Annual Report
    ARK ETF TRUST ANNUAL REPORT JULY 31, 2020 INVESTING AT THE PACE OF INNOVATION ARK Genomic Revolution ETF (ARKG) ARK Autonomous Technology & Robotics ETF (ARKQ) ARK Innovation ETF (ARKK) ARK Next Generation Internet ETF (ARKW) ARK Fintech Innovation ETF (ARKF) The 3D Printing ETF (PRNT) The ARK Israel Innovative Technology ETF (IZRL) ARK Invest|3E.28th Street, 7th Floor, New York, NY 10016 | 212.426.7040 | [email protected] | ark-funds.com Important Notice Beginning on January 1, 2021, as permitted by regulations adopted by the Securities and Exchange Commission, paper copies of each Fund’s shareholder reports will no longer be sent by mail, unless you specifically request paper copies of the reports from the Fund or from your financial intermediary, such as a broker-dealer or bank. Instead, shareholder reports will be made available on http://ark-funds.com/investor- resources, and you will be notified by mail each time a report is posted and provided with a website link to access the report. If you already elected to receive shareholder reports electronically, you will not be affected by this change and you need not take any action. You may elect to receive shareholder reports and other communications from the Funds electronically anytime by contacting your financial intermediary or, if you are a direct investor, by calling (212) 426-7040. You may elect to receive all future shareholder reports in paper free of charge. If you invest through a financial intermediary, you can contact your financial intermediary to request that you continue to receive paper copies of your shareholder reports.
    [Show full text]
  • Bitcoin: a Disruptive Currency
    RESEARCH BITCOIN: A DISRUPTIVE CURRENCY ARK INVEST IN COLLABORATION WITH DR. ARTHUR B. LAFFER AND LAFFER ASSOCIATES AUGUST 1, 2015 RESEARCH WHITE PAPER BY CHRIS BURNISKE, THEMATIC RESEARCH ANALYST | WEBX.0 Bitcoin has the potential to be disruptive in a way not seen since the development of the Internet. While the Internet decentralized the dissemination of information, Bitcoin and its underlying “blockchain” are decentralizing the securitization of information. Bitcoin’s potential use cases for securitizing information are far reaching, and could facilitate realms as disparate as real estate transfers to venture capital contracts to micro-transactions of less than a cent. While its most obvious use case is that of a currency— serving as a means of exchange, a store of value, and a unit of account— the young ecosystem is still weathering storms from its own flaws. That said, as an open source software platform it can evolve rapidly to address current shortcomings, and ARK Investment Management believes it can fundamentally fulfill all three use cases of a currency. In so doing, users can expect to benefit from the characteristic advantages of technology: lower cost, higher performance and greater accessibility. The attached paper investigates whether bitcoin is a currency, serving the three main functions of money: a means of exchange, a store of value, and a unit of account. In order for bitcoin to take on the role of other currencies, it must satisfy all three functions. ARK Invest JOIN THE CONVERSATION 155 W. 19th, 5th Fl. @ARKwebx0 New York, NY 10011 @ARKinvest [email protected] www.ark-invest.com 1 BITCOIN: A DISRUPTIVE CURRENCY ARK INVEST | CHRIS BURNISKE AND ARTHUR B.
    [Show full text]
  • Quarterly Report
    Q2 ∙ 2021 QUARTERLY REPORT ARK Exchange Traded Funds (ETFs) Active ETFs Index ETFs Update as of June 30, 2021 ARKQ PRNT ARKW IZRL ARKG ARKK ARKF ARKX ARK Invest 3 E 28th Street, 7th Floor, New York, NY 10016 [email protected] ark-funds.com ARK INNOVATION ETFs – Second Quarter 2021 Quarterly Commentary Catherine D. Wood, ARK Chief Investment Officer During the second quarter, broad-based global equity increase productivity. Instead of investing to capitalize indexes – as measured by the S&P 500 and MSCI World on the exponential opportunities associated with the 14 – continued to appreciate as many economies began to technologies evolving today, however, many companies reopen in response to successful vaccination rollouts. have catered to short-term oriented shareholders who On Capitol Hill, the Biden Administration continued have demanded results “now”, leveraging their balance negotiations on what could become a bipartisan sheets to buy back stock, bolster earnings, and increase infrastructure bill and another source of economic dividends. As a result, facing the disintermediation and stimulus. Meanwhile, in ARK’s view, the odds of significant disruption associated with aging products and services, capital gains and income tax increases in the US have they could be forced to cut prices to clear inventories declined thanks to an agreement signed by the vast and service bloated debts, resulting in deflation with a majority of 130 countries that, if ratified in October, deleterious impact on economic activity. would impose a 15% minimum tax rate on large global corporations. Now that midterm election campaigns If ARK is correct that the risk to the outlook is deflation, are in early stages, narrow majorities in both Houses of not inflation, then nominal GDP growth is likely to be Congress also could lower the probability of onerous much lower than expected, suggesting that scarce double- tax measures that appear to be unpopular.
    [Show full text]
  • Big-Ideas-2017.Pdf
    ark-invest.com 1 ARK INVEST | BIG IDEAS 2017 1. Deep Learning WELCOME TO INNOVATION! 2. Mobility-as-a-Service Rooted in almost 40 years of experience, ARK Invest aims to 3. 3D Printing identify large-scale investment opportunities resulting from technological change. We believe innovation is key to growth. 4. CRISPR Genome-Editing From a broad spectrum of disruptive innovations, “Big Ideas” represents our annual breakout of technologies that we believe will accelerate significantly in the months ahead. 5. Mobile Payments Each section provides you with a brief introduction before illustrating the opportunity. At the end of each section we list sources for additional research and insights. 6. Robotics 7. Cryptoassets 2 ark-invest.com ARK’s ANALYST TEAM PRESENTS BIG IDEAS 2017 ARK INVEST | BIG IDEAS 2017 Join the Conversation. Get in Touch with ARK’s Analysts. More Information: ark-invest.com/ark-team Brett Winton, Director of Research Tasha Keeney, Analyst [email protected] [email protected] @wintonARK @tashaARK James Wang, Analyst Manisha Samy, Analyst [email protected] [email protected] @jwangARK @msamyARK Chris Burniske, Blockchain Products Lead Julia Hemmendinger, Analyst [email protected] [email protected] @ARKblockchain @juliahARK Bhavana Yarasuri, Analyst Sam Korus, Analyst [email protected] [email protected] @bhavanahARK @skorusARK 3 1. DEEP LEARNING ARK INVEST | BIG IDEAS 2017 “A breakthrough in machine learning* would be worth ten Microsofts.” – Bill Gates (2004) 4 *Deep Learning is a sub-category of Machine Learning 1. DEEP LEARNING ARK INVEST | BIG IDEAS 2017 Artificial Intelligence (AI) vs. Machine Learning vs.
    [Show full text]