11 days ago

Credit Suisse faces legal action related to Greensill

Geneva law firm Chabrier Avocats are investigating possible claims by current and former investors in the Greensill funds against Credit Suisse and other affiliated groups. UBS is also under the radar in Swiss courts regarding aggrieved investors who had invested in bonds issued by insolvent jewelry retailer Folli Follie. 

#Funds

12 days ago

ARK Invest's Space ETF sees successful liftoff!

So far, the new Space Exploration & Innovation ETF has seen investors putting more than $400 million into the fund not to mention $280 million injected on April 1 (not April's fool there). 

#Funds

18 days ago

There's no stopping Ms. Wood--Ark lured $1B Tuesday

The flagship Ark Innovation ETF (ticker ARKK) took in a record $717 million on Tuesday, while the Ark Space Exploration and Innovation fund (ARKX) absorbed $281 million on its debut. Bearish bets have been building in ARKK, with short interest climbing to 4.9% of shares outstanding, according to data from IHS Markit Ltd, nearing the record 5.3% hit in early March. Still, none of that has taken any shine off the space fund, with Wood’s first new ETF in two years seeing $294 million worth of shares change hands on its first day. The product’s top two holdings are Trimble Inc. and another Ark vehicle, the 3D Printing ETF (PRNT).

#Funds

21 days ago

Ark invest: rough month regarding inflows

Ark Invest managed to hang on to net inflows for the month, even thought they are going through one of their worst month in a while. The funds did take a beating, but many analysts argue that they should heal. 

#Funds
Ark invest: rough month regarding inflows

24 days ago

Ark funds suffer from inflationary pressure, but Cathie Wood does not fear

Ark Invest Management's CEO Cathie Wood said on Thursday that her Ark funds had been hit by the climbing interest rates, but remained confident that this would only be a temporary thing and that the group's strategy of betting on disruptive and high-growth companies would stay relevant. 

#Funds
Ark funds suffer from inflationary pressure, but Cathie Wood does not fear
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