Etoro launches disruptive portfolio with Cathie Wood’s Ark Invest

Etoro has launched a new portfolio focused on technology and innovation in partnership with US star fund manager Ark Invest.

The ‘Ark-FutureFirst’ portfolio will allow Etoro users to invest in companies that are ‘pioneers in innovative technologies that are shaping our future,’ the investment platform stated.

The portfolio will focus on innovative companies operating in the technology, healthcare and sustainability sectors and seeking to generate high growth.

Ark Invest is led by Cathie Wood, whose company has generated something of a rollercoaster of returns for investors in recent years.

She said: ‘We are delighted to partner with Etoro to launch a new model portfolio focused on three key areas that we believe are poised for transformative growth: technological innovation, sustainable revolution and healthcare disruption.

“As more investors around the world gain access to ETFs through the growth of digital platforms, we are excited that this partnership will allow us to present some of our best original ideas and strategies on Ark Invest Europe to the 38 million Etoro retail investors”.

Etoro said the portfolio is fully invested and will be allocated equally among seven of Ark’s exchange-traded funds.

The investments will cover “disruptive innovation”, including artificial intelligence, robotics and public blockchains, healthcare and renewable energy, energy efficiency and sustainable food production.

According to Etoro, there are significant growth opportunities within these sectors, including “exponential” growth in the disruptive innovation sector.

Gil Shapira, Chief Investment Officer at Etoro, said: “We are excited to partner with Ark Invest to bring this new portfolio to retail investors around the world. The Ark team has earned a prestigious reputation for its original research and management expertise. of wallets.

“With the Ark-FutureFirst wallet, Etoro users can pursue growth through truly long-term cross-sector trends that are predicted to change not only markets but the world in the coming decades.”

Cathie Wood’s investment firm launched in 2014 and its flagship Ark Innovation fund is up 23 per cent in the last year.

But it’s down 11 percent this year and up just 12 percent over the past five years.

The rollercoaster returns delivered by Ark have seen it soar and sink. After soaring 148 percent in 2020 thanks to investments in Tesla and Zoom, the fund fell 23 percent in 2021 and another 67 percent in 2022.

Earlier this year, the ETF was first launched to European investors, after Ark acquired Rize ETF from British firm AssetCo six months earlier.