ARK Invest’s chief futurist lists five groups that should give tech investors an edge.
According to Brett Winton, robotics, artificial intelligence, multi-omics sequencing, public blockchain and energy storage are key areas as they all enter the market at the same time.
“We think this is a unique moment in the history of the tech economy,” he told CNBC’s “ETF Edge” this week.
Winton collaborates with Cathie Wood, CEO of ARK Invest, to maintain the ARK Venture Fund (ARKVX), which allows investors to invest in the private technology space.
According to the company’s website, the fund’s goal is to make venture capital offerings from innovative spaces in the market accessible to individual investors. As of April 10, it shows the fund’s top holdings include Epic Games, known for the online video game Fortnite, and biotechnology companies Freenome and Relation Therapeutics.
“We emphasize that we are investing in innovation for the long term and that we are going to support the management teams,” Winton said.
He says this is a strategy that is often not a priority.
“It’s a real challenge because a lot of investors in the public markets don’t have that long-term view,” Winton added.
The ARK Venture Fund is down more than 7% so far this year. However, it is up almost 39% over the past 52 weeks.
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