There's been a lot of chatter at Morningstar about @ARKInvest's massive asset flows and potential portfolio risks.
After a quiet beginning in 2014, #ARK Innovation ETF ARKK started gaining more attention after its 87% runup in 2017 and portfolio manager @CathieDWood's bullish call on @Tesla in 2018.
The portfolio contained only 48 holdings as of 12/31, with roughly half of its assets concentrated in the top 10 holdings.
The top holding is @Tesla, which made up about 11% of assets as of 12/31. The fund also allocates about 20% of assets to #international #stocks, including @MaterialiseNV @CRISPRTX and @Shopify.
Only 3% of the fund’s portfolio replicates stocks held in the #SP500. And instead of loading up on #technology stocks like most growth-driven managers, @CathieDWood has overweighted healthcare and communications services #stocks.
I used Morningstar's Global Risk Model to analyze the underlying characteristics of ARK Innovation's portfolio holdings. Here is what I found. http://spr.ly/6018HijAw 
Digging Into Ark Innovation's Portfolio

We reveal how the ultra-popular fund's underlying holdings stack up on 11 measures of equity-related risk.

http://spr.ly/6018HijAw
You can follow @AmyCArnott1.
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