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Nothing contained herein constitutes an offer, solicitation or recommendation regarding any investment management product or service, or the offer to sell or the solicitation of an offer to buy any security; nor shall any such services be provided, or securities be offered or sold, in any jurisdiction in which such an offer, solicitation, provision or sale would be unlawful. All Site Content is subject to applicable statutes and regulations.
The information provided is for informational purposes only. It does not constitute any form of advice or recommendation to buy or sell any securities or adopt any investment strategy mentioned. It is intended only to provide observations and views of the author(s) at the time of writing, both of which are subject to change at any time without prior notice. The information provided does not have regard to the specific investment objectives, financial situation or particular needs of any specific person who may read it, and investors should determine for themselves whether a particular service or product is suitable for their investment needs or should seek such professional advice for their particular situation. Please refer to offering documents for further information concerning specific products.
Any reference to a particular company or security is not an endorsement by ARK of that company or security or a recommendation by ARK to purchase or sell such security. It should not be assumed that recommendations made in the future will be profitable or will equal the performance of prior securities’ recommendations
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Forward Looking Statements
Certain of the statements contained herein may be statements of future expectations, opinions, and other forward-looking statements that are based on ARK’s current views and assumptions and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in such statements. In addition to statements which are forward-looking by reason of context, the words “may, will, should, expects, plans, intends, anticipates, believes, estimates, predicts, potential, or continue” and similar expressions identify forward-looking statements.
The matters discussed herein may also involve risks and uncertainties described from time to time in ARK’s filings with the U.S. Securities and Exchange Commission. The company assumes no obligation to update any forward-looking information contained herein.
Conflicts of Interest
As a thematic investor with an open research ecosystem, ARK and its related persons use online activity as part of its investment research process. As a result, ARK and clients as well as its related persons may (but do not necessarily) have financial interests in securities or issuers that we discuss. However, any discussion of securities or issuers by ARK is not a recommendation to buy, sell or hold any particular security.
Past performance is no guarantee of future results. All investments have risks and can lose value, including their entire value. Equities may decline in value due to both real and perceived general market, economic, and industry conditions. The value of investments, and the income from them, can go down as well as up, and you may not recover the amount of your original investment. Please consult the offering documents of the product or service for additional information on investment risks. Any tax benefits referred to on this Site are subject to change and their availability and value will depend on your individual circumstance. Such investments are not deposits or obligations of, or guaranteed or endorsed by, any bank, and are not federally insured or guaranteed by the U.S. government, the FDIC, the Federal Reserve Board or any other agency. Some ARK products may not be available in or appropriate for a retirement savings plan. Please contact your financial adviser about any investment restrictions associated with your particular plan.
Although ARK has taken reasonable care to ensure that the information contained within this Site is accurate, no representation or warranty (including liability towards third parties), expressed or implied, is made as to its accuracy, reliability or completeness by ARK or their contractual partners. Opinions and any other Content are provided by ARK for personal use and informational purposes only and are subject to change without notice. Nothing contained on this Site constitutes investment, legal, tax or other advice and is not to be relied on in making an investment or other decision.
The information and opinions contained on this Site, including hyperlinks or references to other sites, are provided ‘as is’ without any warranty of any kind, either expressed or implied, to the fullest extent permissible pursuant to applicable law. You are responsible for evaluating the adequacy, accuracy, reliability, merchantability, non-infringement, completeness of any information or the content available on the Site or fitness for any particular purpose with respect to the Site or any of its Content. ARK further assumes no responsibility for, and makes no warranties that, functions contained on this Site will be uninterrupted or error-free, that defects will be corrected, or that this Site or the servers that make it available will be free of viruses or other harmful components.
Neither ARK nor any of their respective affiliates, directors, officers, registered representatives or employees, nor any third party vendor, will be liable or have any liability, whether in contract, tort, strict liability or otherwise, for any direct, indirect, incidental, consequential, punitive or special damages arising out of or in any way connected with your access or use or inability to access or use the Site or reliance on the Content, or any failure of performance, interruption, defect, delay in transmission, computer viruses or other harmful components, or line or system failure associated with the site, regardless of our knowledge thereof.
Where applicable law does not permit the limitation of liability, implied warranties or the exclusion or limitation of certain damages set forth above, the aggregate liability of ARK shall not exceed one hundred dollars ($100).
Events Beyond ARK’s Control
You expressly absolve and release ARK and all of its officers, directors, employees, registered representatives, shareholders, legal representatives, attorneys, agents, successors and assigns, from any claim of harm resulting from a cause beyond its control including, but not limited to, the failure of electronic or mechanical equipment or communication lines, telephone or other interconnect problems, computer viruses or software failures, unauthorized access, theft, operator errors, severe weather, earthquakes, or natural disasters, strikes or other labor problems, wars, acts of domestic or foreign terrorism or governmental restrictions. ARK does not warrant that this Site will be available at any time or that your access to this Site will be uninterrupted, timely or free from viruses or other harmful components. ARK reserves the right to cease operating this website or to terminate your access and use of any part of this Site at any time without notice and for any reason.
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Certain hyperlinks or referenced websites on the Site may for your convenience forward you to third parties’ websites, which generally are recognized by their top level domain name. Any descriptions of, references to, or links to other products, publications or services do not constitute an endorsement, authorization, sponsorship by or affiliation with ARK with respect to any linked site or its sponsor, unless expressly stated by ARK. Any such information, products or sites have not necessarily been reviewed by ARK and are provided or maintained by third parties over whom ARK exercises no control. ARK expressly disclaims any responsibility for the content, the accuracy of the information, and/or quality of products or services provided by or advertised on these third-party sites to the extent permitted by applicable law. ARK reserves the right to terminate any hyperlink or hyperlinking program at any time.
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In the event that any provision of these terms is held unenforceable, the validity or enforceability of the remaining provisions will not be affected, and the unenforceable provision will be replaced with an enforceable provision that comes close to the intention underlying the unenforceable provision.
Social Media Disclosure
ARK and those that post on ARK’s behalf could be a client or investor in ARK products or services, and this incentivizes them to speak positively about the firm.
You may choose to engage with us on social media, including those that are linked from our Site. ARK’s social media accounts represent the opinions of ARK as a firm and certain ARK team members maintain social media accounts that represent the opinions of individual analysts or other ARK team members. Social media posts are not necessarily the opinion of ARK as a whole or all of its team members. You are reminded that ARK and its related persons can and do have investments in the clients and securities being discussed, and so are incentivized to speak well of those clients and securities. As a thematic investor with an open research ecosystem, ARK and its related persons (including Cathie D. Wood), use conversations via social media as part of its investment research process. It follows that ARK and clients as well as its related persons such as Ms. Wood can (but do not necessarily) have financial interests in the clients or securities or issuers that we discuss. However, any discussion of the clients, securities or issuers by ARK or Ms. Wood in such conversations is not a recommendation to buy, sell or hold any particular security. It should not be assumed that recommendations made in the future will be profitable or will equal the performance of prior securities’ recommendations.
You might also see and interact with content posted by third-parties on ARK’s social media pages. To the extent that those comments are positive or speak to someone’s experience with the firm or its personnel, you are reminded that the third-party is not receiving compensation for that post but certain third-parties (e.g., a placement agent or distributor for a private fund) might be incentivized to post because they are receiving fees for distribution services. Any third-party that has a business relationship with ARK could be incentivized to post positively to maintain that relationship and any related compensation.
ARK collects and receives information from you when you interact with our social media pages, accounts or via posts you make on social media platforms. If you choose to make any of your activities or other content available through such platform, including on our pages, or you engage in other activities in connection with the platform, your own friends and followers that you have enabled, and potentially the general public, will be able to view those contributions and activities.
ARK did not pay a fee to be considered for or granted the awards. ARK did not pay any fee to the grantor of the awards for the right to promote ARK’s receipt of the awards nor was ARK required to be a member of an organization to be eligible for the awards [nor did ARK pay to be included for consideration or considered for such awards]. See ARK’s full Award Disclosure below. Past performance is not indicative of future performance.
“Women In Finance, Outstanding Contribution” Period: Annual (2016): 11/15/2016: Number of Nominees: Unknown. Ranking Entity: Markets Media; Length of the period: 12 Months | Criteria on which the ranking is based: Markets Media’s editorial team identifies candidates via online submissions from market participants, including those across the institutional buy side and sell side. Award Page: marketsmedia.com/announcing-the-2016-markets-choice-award-winners/.
Bloomberg 50, 2018: Period: Annual (2018): Publication Date: 12/10/2018: Bloomberg Businessweek (“Bloomberg”) has published this “Bloomberg 50” list since 2017. According to Bloomberg, the Bloomberg 50 list is based on a survey of Bloomberg’s reporters’ and editors’ recommendations and assessments in the United States and internationally. The criteria for the Bloomberg 50 list is that the individual had to have a major accomplishment in 2018 based on quantitative data. The Bloomberg 50 list is available at: https://www.bloomberg.com/features/2018-bloomberg-50/.
“Fortune’s Investor Roundtable”, Period: Annual (2019); Publication Date: 11/19/2018: A roundtable of experts selected by the Fortune editorial team in the annual “Fortune Investors Guide: The Best Investing Advice for 2019 From Fortune’s Experts.” http://fortune.com/longform/best-stocks-2019-investorroundtable/.
The Forbes Finance & Investing Person of the Year, Period: Annual (2020): Publication Date: 12/28/2020: To help select its first annual Forbes Finance & Investing Awards, Forbes consulted David T. Frank, founder of Stonehaven LLC. The Forbes Awards is available here: https://www.forbes.com/sites/antoinegara/2021/12/28/forbes-finance–investing-awards-2020-here-comes-the-biden-bullmarket/?sh=3c18c1605475.
Bloomberg’s Best Stock Picker of 2020, Period: Annual (2020); Publication Date: 12/31/20: Based on data gathered by Bloomberg and its editorial team. The full article can be found here: https://www.bloomberg.com/opinion/articles/2020-12-31/ark-s-cathie-wood-bets-on-dna-innovators.
“CEO of the Year” by Markets Media 2021. Period: Annual (2021); Publication Date: 04/22/21: Number of Nominees: Unknown. Ranking Entity: Markets Media; Length of the period: 12 Months | Criteria on which the ranking is based: Markets Media’s editorial team identifies candidates via online submissions from market participants, including those across the institutional buy side and sell side. Award Page: https://www.marketsmedia.com/2021-markets-choice-award-winners-announced/