Cathie Wood's Ark files for new ETFs to limit losses in flagship fund
These ETFs mark Ark's entry into the buffer ETF market, where funds use options to limit losses while capping gains. The strategy, already used by companies such as BlackRock (BLK.N), opens new tab, Allianz and Innovator, has gained popularity among investors seeking protection in volatile markets.
The proposed funds - ARK Q1 Defined Innovation ETF, ARK Q2 Defined Innovation ETF, ARK Q3 Defined Innovation ETF and ARK Q4 Defined Innovation ETF - will each run on a rolling 12-month schedule beginning in January, April, July and October, respectively, according to a filing with the U.S. Securities and Exchange Commission last week.
Each fund aims to limit a drop in the share price to 50% in the ARK Innovation ETF, while passing on gains only if the ETF rises more than about 5%.
This comes as U.S. President Donald Trump's tariff war has rattled markets and pushed up volatility, although his policies are expected to benefit the fund's holdings.
ARK's biggest holdings include EV-maker Tesla (TSLA.O), opens new tab, crypto exchange Coinbase (COIN.O), opens new tab and trading platform Robinhood (HOOD.O), opens new tab, according to LSEG data.
The fund is up about 24% since the start of the year, compared with an about 6% rise in the S&P 500 index.
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