The sheer number of Exchange Traded Funds (ETFs) out there is incredible, and investors seeking passive investing options with very decent levels of diversification have a great deal of options to choose from.
In this article, I’m going to discuss why Ark Web X.O. ETF (NYSE:ARKW) is an excellent choice for investors looking for long-term technology exposure in this environment.
Like the broader stock market, shares of this ETF have not been immune to the decline in the NASDAQ and the broad retreat we’ve seen in technology companies (and all companies, for that matter).
That being said, when one takes a closer look at the stock chart of Ark Web, one will see that losses have not been as bad as the broader market, for a few reasons.
My take on this ETF is that it represents technologies of the future – the kind of investments you’d want to put away for 30 to 40 years and forget about.
This view may not only be my own, as it appears other investors have begun to swoop in and buy on dips, adding to positions which are really meant to be held onto for decades.
Fundamentally, this fund is still quite expensive, and I do think that any company or fund which is trading at a premium in this market is automatically a candidate for re-valuation, so be sure to trade with caution here.
Invest wisely, my friends.