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ARK (1): Style Analysis

Recently, I was informed by a friend about ARK and the ETF funds it manages and found its investment style and return performance very impressive. In case you have not heard about it (like me), the company is famous for:

· Investments in disruptive technologies

· Extraordinary performance in 2020

· Holdings including Tesla and Bitcoin

· Daily disclosure of positions and trades

ARK funds seem to be first ETFs that charge a mutual-fund management fee but give hedge-fund performance. With…