ARK Invest Is Buying These 2 Tech Stocks: Both Could Double Your Money
ARK Invest has only been around since 2014, but it is already developing a reputation as one of Wall Street's best-performing asset managers. Headed by CEO Cathie Wood, the company offers various financial products, including exchange-traded funds (ETFs) built around innovative secular trends like autonomous technologies, next-generation internet, and genomics.
Over the last three years, the company's flagship product -- the ARK Innovation ETF (NYSEMKT: ARKK) -- has skyrocketed in value by 200%, crushing the 52% return of the S&P 500 over the same period. Given Ark's track record for picking winners, investors should note that Roku (NASDAQ: ROKU) and Square (NYSE: SQ) are two of the top four holdings in the Innovation ETF.
Here's why you should consider adding these two ARK-endorsed tech stocks to your portfolio.
Source Fool.com
