ARK Funds Amend ETF Prospectus To Remove Investment Concentration Limits

zerohedge2021-03-29

We have been following the volatility with flows in and out of ARK Funds over the last few months, make note of Cathie Wood's performance and "proprietary" investing style as the NASDAQ has whipsawed ...

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Comments

OutofCBD
2021-03-30
OutofCBD
Interesting Amendment to the ARK Funds. The few changes are:- Risks of SPAC- Remove limit on ADRs, warrants, preferreds- Remove 10% limit on investing of assets in single firm, up to 30% now- Remove limit on investing in 20+% of a single firm's sharesThis could very much lead to more buying ina single company. Perhpas $Tesla Motors(TSLA)$as we know Cathie Wood really like it.If you have investment in ARK this should certainly be of interest to you. Think about if italign with your risk appetite?
Shifeng
2021-03-30
Shifeng
Ark changing the position as it realised invest in all non money making company, the dream abit far off from reality.
Ericlam
2021-03-30
Ericlam
Into higher risk?
- Ericlam:
  Nice
- Ericlam:
  Nice
- Fanshuu:
  Overconfidence possibly? Had a great 2020 & trying hard not to lose investors by betting bigger and riskier investments?
- jonbeloved:
  Yeah
SquareGuy
2021-03-30
SquareGuy
I love the idea of Ark buying more big caps $tsla Tesla , $U and small caps too
- SquareGuy:
  Hi Pat, Let's see how quickTesla reaches Cathies worst case PT of 1500
- 勇敢的謝爾頓:
  [惊讶]
- dearpat:
  Risky but applaud their guts! Not sure about tesla but U and other small caps that they have are great.
Zoyoyo
2021-03-30
Zoyoyo
Dgg man
SSVC
2021-03-30
SSVC
Pls like and comment thanks
- SafetyFirst:
  ok
- SSVC:
  [强][握手]
- SSVC:
  [强][握手]
- SSVC:
  [强][握手]
- SSVC:
  [强][握手]

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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nARK Funds Amend ETF Prospectus To Remove Investment Concentration Limits\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-29 23:02 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.zerohedge.com/markets/ark-funds-amend-etf-prospectus-remove-investment-concentration-limits?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedge+-+on+a+long+enough+timeline%2C+the+survival+rate+for+everyone+drops+to+zero%29><strong>zerohedge</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>We have been following the volatility with flows in and out of ARK Funds over the last few months, make note of Cathie Wood's performance and \"proprietary\" investing style as the NASDAQ has whipsawed ...</p>\n\n<a href=\"https://www.zerohedge.com/markets/ark-funds-amend-etf-prospectus-remove-investment-concentration-limits?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedge+-+on+a+long+enough+timeline%2C+the+survival+rate+for+everyone+drops+to+zero%29\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":null,"symbol_name":null,"start_time":0,"source_url":"https://www.zerohedge.com/markets/ark-funds-amend-etf-prospectus-remove-investment-concentration-limits?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedge+-+on+a+long+enough+timeline%2C+the+survival+rate+for+everyone+drops+to+zero%29","article_id":"1108487611","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1108487611","pubTimestamp":1617030137,"sourceInfo":{"source_id":"lsy1583725640930","name":"Zerohedge"},"weMediaInfo":null,"summary":"We have been following the volatility with flows in and out of ARK Funds over the last few months, make note of Cathie Wood's performance and \"proprietary\" investing style as the NASDAQ has whipsawed back and forth for the better part of 2021.Now, it looks like ARK is making some changes in its disclosures commensurate with its recent \"active investing style\", wherein it has been rotating out of large cap tech names and into smaller, more speculative names, especially in its ARKK flagship fund.A","collect":0,"end_time":0,"defaultTopTitle":"zerohedge.com","property":[],"viewcount":null,"language":"en","relate_stocks":{},"translate_title":"方舟基金修订ETF招募说明书取消投资集中度限制","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{},"content_text":"We have been following the volatility with flows in and out of ARK Funds over the last few months, make note of Cathie Wood's performance and \"proprietary\" investing style as the NASDAQ has whipsawed back and forth for the better part of 2021.\nNow, it looks like ARK is making some changes in its disclosures commensurate with its recent \"active investing style\", wherein it has been rotating out of large cap tech names and into smaller, more speculative names, especially in its ARKK flagship fund.\nARK funds filed an amendment to its prospectuses for its ETFs on Friday, making some little recognized changes that were caught by @syouth1 on Twitterover the weekend.\nAs the tweet notes, the new ARKSEC filing does several things. First, on a perfunctory note, it specifies risks related to investing in SPACs, noting that they are \"subject to a variety of risks beyond those associated with other equity securities\".\n\nSpecial Purpose Acquisition Companies (SPACs). The Fund may invest in stock of, warrants to purchase stock of, and other interests in SPACs or similar special purposes entities. A SPAC is a publicly traded company that raises investment capital for the purpose of acquiring or merging with an existing company. Investments in SPACs and similar entities are subject to a variety of risks beyond those associated with other equity securities. Because SPACs and similar entities do not have any operating history or ongoing business other than seeking acquisitions, the value of their securities is particularly dependent on the ability of the SPAC’s management to identify a merger target and complete an acquisition. Until an acquisition or merger is completed, a SPAC generally invests its assets, less a portion retained to cover expenses, in U.S. government securities, money market securities and cash and does not typically pay dividends in respect of its common stock. As a result, it is possible that an investment in a SPAC may lose value.\n\nBut then the filing getsveryinteresting - language is removed that allows ARK funds to take even largerconcentrations in names - in addition to over-the-counter traded ADRs, which are notoriously riskier products than normal equity.\nThe amendment removes ARK's limit to invest 10% of its total assets in any active fund in ADRs that are traded over-the-counter.\nOn top of that, the amended prospectus removes language that formerly limited ARK to investing no more than 30% of a fund's total assets into securities issued by a single company. Another \"rule\" removed was language preventing ARK from investing in more than 20% of a company's total outstanding shares.\nThe amendments portend ARK piling further into concentrated, high-risk names that dominate their respective funds. Wood's recent rotation out of big cap names like Microsoft and into \"speculative\" smaller cap companies like Workhorse and Vuzix has made it clear that the firm's appetite for risk continues to grow as NASDAQ volatility continues.\nObviously, if a pin is finally going to prick the NASDAQ gamma bubble that has blown up over the last 12 months, the higher Wood's concentration in speculative names, the more spectacular a crash would be for ARK funds.\nBut for now, ARK continues to hold up - we noted itwill be launchingits Space ETF as soon as this week. And despite noting that theNASDAQ gamma squeezeappears to be over, Wood and her team seem hell bent on continuing to tempt fate. We'll keep a close eye on the situation going forward.","kind":null,"is_publish_news":false,"is_publish_highlight":true,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":355665692,"gmtCreate":1617068107616,"gmtModify":1704801512754,"author":{"id":"3543405218360183","authorId":"3543405218360183","name":"OutofCBD","avatar":"https://community-static.tradeup.com/news/17d98c190512017ee381f72a44305e86","vip":2,"crmLevel":8,"crmLevelSwitch":1},"htmlText":"Interesting Amendment to the ARK Funds. The few changes are:- Risks of SPAC- Remove limit on ADRs, warrants, preferreds- Remove 10% limit on investing of assets in single firm, up to 30% now- Remove limit on investing in 20+% of a single firm's sharesThis could very much lead to more buying ina single company. Perhpas <a href=\"https://laohu8.com/S/TSLA\">$Tesla Motors(TSLA)$</a>as we know Cathie Wood really like it.If you have&nbsp;investment in ARK this should certainly be of interest to you. Think about if italign with your risk appetite?","listText":"Interesting Amendment to the ARK Funds. The few changes are:- Risks of SPAC- Remove limit on ADRs, warrants, preferreds- Remove 10% limit on investing of assets in single firm, up to 30% now- Remove limit on investing in 20+% of a single firm's sharesThis could very much lead to more buying ina single company. Perhpas <a href=\"https://laohu8.com/S/TSLA\">$Tesla Motors(TSLA)$</a>as we know Cathie Wood really like it.If you have&nbsp;investment in ARK this should certainly be of interest to you. Think about if italign with your risk appetite?","text":"Interesting Amendment to the ARK Funds. The few changes are:- Risks of SPAC- Remove limit on ADRs, warrants, preferreds- Remove 10% limit on investing of assets in single firm, up to 30% now- Remove limit on investing in 20+% of a single firm's sharesThis could very much lead to more buying ina single company. Perhpas $Tesla Motors(TSLA)$as we know Cathie Wood really like it.If you have investment in ARK this should certainly be of interest to you. Think about if italign with your risk appetite?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/355665692","repostId":1108487611,"repostType":4,"repost":{"id":"1108487611","pubTimestamp":1617030137,"share":"https://www.laohu8.com/m/news/1108487611?lang=&edition=full","pubTime":"2021-03-29 23:02","market":"us","language":"en","title":"ARK Funds Amend ETF Prospectus To Remove Investment Concentration Limits","url":"https://stock-news.laohu8.com/highlight/detail?id=1108487611","media":"zerohedge","summary":"We have been following the volatility with flows in and out of ARK Funds over the last few months, make note of Cathie Wood's performance and \"proprietary\" investing style as the NASDAQ has whipsawed back and forth for the better part of 2021.Now, it looks like ARK is making some changes in its disclosures commensurate with its recent \"active investing style\", wherein it has been rotating out of large cap tech names and into smaller, more speculative names, especially in its ARKK flagship fund.A","content":"<p>We have been following the volatility with flows in and out of ARK Funds over the last few months, make note of Cathie Wood's performance and \"proprietary\" investing style as the NASDAQ has whipsawed back and forth for the better part of 2021.</p>\n<p>Now, it looks like ARK is making some changes in its disclosures commensurate with its recent \"active investing style\", wherein it has been rotating out of large cap tech names and into smaller, more speculative names, especially in its ARKK flagship fund.</p>\n<p>ARK funds filed an amendment to its prospectuses for its ETFs on Friday, making some little recognized changes that were caught by&nbsp;@syouth1 on Twitterover the weekend.</p>\n<p><img src=\"https://static.tigerbbs.com/b33212d1be9470754b1d7207c20f1b74\" tg-width=\"469\" tg-height=\"694\">As the tweet notes, the new ARKSEC filing&nbsp;does several things. First, on a perfunctory note, it specifies risks related to investing in SPACs, noting that they are \"subject to a variety of risks beyond those associated with other equity securities\".</p>\n<blockquote>\n <i>Special Purpose Acquisition Companies (SPACs)</i>. The Fund may invest in stock of, warrants to purchase stock of, and other interests in SPACs or similar special purposes entities. A SPAC is a publicly traded company that raises investment capital for the purpose of acquiring or merging with an existing company. Investments in SPACs and similar entities are subject to a variety of risks beyond those associated with other equity securities. Because SPACs and similar entities do not have any operating history or ongoing business other than seeking acquisitions, the value of their securities is particularly dependent on the ability of the SPAC’s management to identify a merger target and complete an acquisition. Until an acquisition or merger is completed, a SPAC generally invests its assets, less a portion retained to cover expenses, in U.S. government securities, money market securities and cash and does not typically pay dividends in respect of its common stock. As a result, it is possible that an investment in a SPAC may lose value.\n</blockquote>\n<p>But then the filing gets<i>very</i>interesting - language is removed that allows ARK funds to take&nbsp;<i>even larger</i>concentrations in names - in addition to over-the-counter traded ADRs, which are notoriously riskier products than normal equity.</p>\n<p>The amendment&nbsp;removes&nbsp;ARK's limit to invest 10% of its total assets in any active fund in ADRs that are traded over-the-counter.</p>\n<p><img src=\"https://static.tigerbbs.com/2bce1e8e9b6703975f8c9e2d9074a96d\" tg-width=\"500\" tg-height=\"121\">On top of that, the amended prospectus removes language that formerly limited ARK to investing no more than 30% of a fund's&nbsp;total assets into securities issued by a single company. Another \"rule\" removed was language preventing ARK from investing in more than 20% of a company's total outstanding shares.</p>\n<p><img src=\"https://static.tigerbbs.com/cce6710dda8e17521ae59148059b26a1\" tg-width=\"500\" tg-height=\"205\">The amendments portend ARK piling further into concentrated, high-risk names that dominate their respective funds. Wood's recent rotation out of big cap names like Microsoft and into \"speculative\" smaller cap companies like Workhorse and Vuzix has made it clear that the firm's appetite for risk continues to grow as NASDAQ volatility continues.</p>\n<p>Obviously, if a pin is finally going to prick the NASDAQ gamma bubble that has blown up over the last 12 months, the higher Wood's concentration in speculative names, the more spectacular a crash would be for ARK funds.</p>\n<p>But for now, ARK continues to hold up - we noted itwill be launchingits Space ETF as soon as this week. And despite noting that theNASDAQ gamma squeezeappears to be over, Wood and her team seem hell bent on continuing to tempt fate. We'll keep a close eye on the situation going forward.</p>\n<p></p>","source":"lsy1583725640930","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>ARK Funds Amend ETF Prospectus To Remove Investment Concentration Limits</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nARK Funds Amend ETF Prospectus To Remove Investment Concentration Limits\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-29 23:02 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.zerohedge.com/markets/ark-funds-amend-etf-prospectus-remove-investment-concentration-limits?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedge+-+on+a+long+enough+timeline%2C+the+survival+rate+for+everyone+drops+to+zero%29><strong>zerohedge</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>We have been following the volatility with flows in and out of ARK Funds over the last few months, make note of Cathie Wood's performance and \"proprietary\" investing style as the NASDAQ has whipsawed ...</p>\n\n<a href=\"https://www.zerohedge.com/markets/ark-funds-amend-etf-prospectus-remove-investment-concentration-limits?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedge+-+on+a+long+enough+timeline%2C+the+survival+rate+for+everyone+drops+to+zero%29\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.zerohedge.com/markets/ark-funds-amend-etf-prospectus-remove-investment-concentration-limits?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedge+-+on+a+long+enough+timeline%2C+the+survival+rate+for+everyone+drops+to+zero%29","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1108487611","content_text":"We have been following the volatility with flows in and out of ARK Funds over the last few months, make note of Cathie Wood's performance and \"proprietary\" investing style as the NASDAQ has whipsawed back and forth for the better part of 2021.\nNow, it looks like ARK is making some changes in its disclosures commensurate with its recent \"active investing style\", wherein it has been rotating out of large cap tech names and into smaller, more speculative names, especially in its ARKK flagship fund.\nARK funds filed an amendment to its prospectuses for its ETFs on Friday, making some little recognized changes that were caught by @syouth1 on Twitterover the weekend.\nAs the tweet notes, the new ARKSEC filing does several things. First, on a perfunctory note, it specifies risks related to investing in SPACs, noting that they are \"subject to a variety of risks beyond those associated with other equity securities\".\n\nSpecial Purpose Acquisition Companies (SPACs). The Fund may invest in stock of, warrants to purchase stock of, and other interests in SPACs or similar special purposes entities. A SPAC is a publicly traded company that raises investment capital for the purpose of acquiring or merging with an existing company. Investments in SPACs and similar entities are subject to a variety of risks beyond those associated with other equity securities. Because SPACs and similar entities do not have any operating history or ongoing business other than seeking acquisitions, the value of their securities is particularly dependent on the ability of the SPAC’s management to identify a merger target and complete an acquisition. Until an acquisition or merger is completed, a SPAC generally invests its assets, less a portion retained to cover expenses, in U.S. government securities, money market securities and cash and does not typically pay dividends in respect of its common stock. As a result, it is possible that an investment in a SPAC may lose value.\n\nBut then the filing getsveryinteresting - language is removed that allows ARK funds to take even largerconcentrations in names - in addition to over-the-counter traded ADRs, which are notoriously riskier products than normal equity.\nThe amendment removes ARK's limit to invest 10% of its total assets in any active fund in ADRs that are traded over-the-counter.\nOn top of that, the amended prospectus removes language that formerly limited ARK to investing no more than 30% of a fund's total assets into securities issued by a single company. Another \"rule\" removed was language preventing ARK from investing in more than 20% of a company's total outstanding shares.\nThe amendments portend ARK piling further into concentrated, high-risk names that dominate their respective funds. Wood's recent rotation out of big cap names like Microsoft and into \"speculative\" smaller cap companies like Workhorse and Vuzix has made it clear that the firm's appetite for risk continues to grow as NASDAQ volatility continues.\nObviously, if a pin is finally going to prick the NASDAQ gamma bubble that has blown up over the last 12 months, the higher Wood's concentration in speculative names, the more spectacular a crash would be for ARK funds.\nBut for now, ARK continues to hold up - we noted itwill be launchingits Space ETF as soon as this week. And despite noting that theNASDAQ gamma squeezeappears to be over, Wood and her team seem hell bent on continuing to tempt fate. We'll keep a close eye on the situation going forward.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":355614460,"gmtCreate":1617066687550,"gmtModify":1704801487459,"author":{"id":"3554690739454545","authorId":"3554690739454545","name":"Shifeng","avatar":"https://static.tigerbbs.com/7eba636a69f64b047187455fad28835a","vip":1,"hat":"https://static.tigerbbs.com/f84d87792f02cf78e80ee34979fd31e5","crmLevel":5,"crmLevelSwitch":0},"htmlText":"Ark changing the position as it realised&nbsp;invest in all non money making company, the dream abit far off from reality.&nbsp;","listText":"Ark changing the position as it realised&nbsp;invest in all non money making company, the dream abit far off from reality.&nbsp;","text":"Ark changing the position as it realised invest in all non money making company, the dream abit far off from reality.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/355614460","repostId":1108487611,"repostType":4,"repost":{"id":"1108487611","pubTimestamp":1617030137,"share":"https://www.laohu8.com/m/news/1108487611?lang=&edition=full","pubTime":"2021-03-29 23:02","market":"us","language":"en","title":"ARK Funds Amend ETF Prospectus To Remove Investment Concentration Limits","url":"https://stock-news.laohu8.com/highlight/detail?id=1108487611","media":"zerohedge","summary":"We have been following the volatility with flows in and out of ARK Funds over the last few months, make note of Cathie Wood's performance and \"proprietary\" investing style as the NASDAQ has whipsawed back and forth for the better part of 2021.Now, it looks like ARK is making some changes in its disclosures commensurate with its recent \"active investing style\", wherein it has been rotating out of large cap tech names and into smaller, more speculative names, especially in its ARKK flagship fund.A","content":"<p>We have been following the volatility with flows in and out of ARK Funds over the last few months, make note of Cathie Wood's performance and \"proprietary\" investing style as the NASDAQ has whipsawed back and forth for the better part of 2021.</p>\n<p>Now, it looks like ARK is making some changes in its disclosures commensurate with its recent \"active investing style\", wherein it has been rotating out of large cap tech names and into smaller, more speculative names, especially in its ARKK flagship fund.</p>\n<p>ARK funds filed an amendment to its prospectuses for its ETFs on Friday, making some little recognized changes that were caught by&nbsp;@syouth1 on Twitterover the weekend.</p>\n<p><img src=\"https://static.tigerbbs.com/b33212d1be9470754b1d7207c20f1b74\" tg-width=\"469\" tg-height=\"694\">As the tweet notes, the new ARKSEC filing&nbsp;does several things. First, on a perfunctory note, it specifies risks related to investing in SPACs, noting that they are \"subject to a variety of risks beyond those associated with other equity securities\".</p>\n<blockquote>\n <i>Special Purpose Acquisition Companies (SPACs)</i>. The Fund may invest in stock of, warrants to purchase stock of, and other interests in SPACs or similar special purposes entities. A SPAC is a publicly traded company that raises investment capital for the purpose of acquiring or merging with an existing company. Investments in SPACs and similar entities are subject to a variety of risks beyond those associated with other equity securities. Because SPACs and similar entities do not have any operating history or ongoing business other than seeking acquisitions, the value of their securities is particularly dependent on the ability of the SPAC’s management to identify a merger target and complete an acquisition. Until an acquisition or merger is completed, a SPAC generally invests its assets, less a portion retained to cover expenses, in U.S. government securities, money market securities and cash and does not typically pay dividends in respect of its common stock. As a result, it is possible that an investment in a SPAC may lose value.\n</blockquote>\n<p>But then the filing gets<i>very</i>interesting - language is removed that allows ARK funds to take&nbsp;<i>even larger</i>concentrations in names - in addition to over-the-counter traded ADRs, which are notoriously riskier products than normal equity.</p>\n<p>The amendment&nbsp;removes&nbsp;ARK's limit to invest 10% of its total assets in any active fund in ADRs that are traded over-the-counter.</p>\n<p><img src=\"https://static.tigerbbs.com/2bce1e8e9b6703975f8c9e2d9074a96d\" tg-width=\"500\" tg-height=\"121\">On top of that, the amended prospectus removes language that formerly limited ARK to investing no more than 30% of a fund's&nbsp;total assets into securities issued by a single company. Another \"rule\" removed was language preventing ARK from investing in more than 20% of a company's total outstanding shares.</p>\n<p><img src=\"https://static.tigerbbs.com/cce6710dda8e17521ae59148059b26a1\" tg-width=\"500\" tg-height=\"205\">The amendments portend ARK piling further into concentrated, high-risk names that dominate their respective funds. Wood's recent rotation out of big cap names like Microsoft and into \"speculative\" smaller cap companies like Workhorse and Vuzix has made it clear that the firm's appetite for risk continues to grow as NASDAQ volatility continues.</p>\n<p>Obviously, if a pin is finally going to prick the NASDAQ gamma bubble that has blown up over the last 12 months, the higher Wood's concentration in speculative names, the more spectacular a crash would be for ARK funds.</p>\n<p>But for now, ARK continues to hold up - we noted itwill be launchingits Space ETF as soon as this week. And despite noting that theNASDAQ gamma squeezeappears to be over, Wood and her team seem hell bent on continuing to tempt fate. We'll keep a close eye on the situation going forward.</p>\n<p></p>","source":"lsy1583725640930","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>ARK Funds Amend ETF Prospectus To Remove Investment Concentration Limits</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nARK Funds Amend ETF Prospectus To Remove Investment Concentration Limits\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-29 23:02 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.zerohedge.com/markets/ark-funds-amend-etf-prospectus-remove-investment-concentration-limits?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedge+-+on+a+long+enough+timeline%2C+the+survival+rate+for+everyone+drops+to+zero%29><strong>zerohedge</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>We have been following the volatility with flows in and out of ARK Funds over the last few months, make note of Cathie Wood's performance and \"proprietary\" investing style as the NASDAQ has whipsawed ...</p>\n\n<a href=\"https://www.zerohedge.com/markets/ark-funds-amend-etf-prospectus-remove-investment-concentration-limits?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedge+-+on+a+long+enough+timeline%2C+the+survival+rate+for+everyone+drops+to+zero%29\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.zerohedge.com/markets/ark-funds-amend-etf-prospectus-remove-investment-concentration-limits?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedge+-+on+a+long+enough+timeline%2C+the+survival+rate+for+everyone+drops+to+zero%29","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1108487611","content_text":"We have been following the volatility with flows in and out of ARK Funds over the last few months, make note of Cathie Wood's performance and \"proprietary\" investing style as the NASDAQ has whipsawed back and forth for the better part of 2021.\nNow, it looks like ARK is making some changes in its disclosures commensurate with its recent \"active investing style\", wherein it has been rotating out of large cap tech names and into smaller, more speculative names, especially in its ARKK flagship fund.\nARK funds filed an amendment to its prospectuses for its ETFs on Friday, making some little recognized changes that were caught by @syouth1 on Twitterover the weekend.\nAs the tweet notes, the new ARKSEC filing does several things. First, on a perfunctory note, it specifies risks related to investing in SPACs, noting that they are \"subject to a variety of risks beyond those associated with other equity securities\".\n\nSpecial Purpose Acquisition Companies (SPACs). The Fund may invest in stock of, warrants to purchase stock of, and other interests in SPACs or similar special purposes entities. A SPAC is a publicly traded company that raises investment capital for the purpose of acquiring or merging with an existing company. Investments in SPACs and similar entities are subject to a variety of risks beyond those associated with other equity securities. Because SPACs and similar entities do not have any operating history or ongoing business other than seeking acquisitions, the value of their securities is particularly dependent on the ability of the SPAC’s management to identify a merger target and complete an acquisition. Until an acquisition or merger is completed, a SPAC generally invests its assets, less a portion retained to cover expenses, in U.S. government securities, money market securities and cash and does not typically pay dividends in respect of its common stock. As a result, it is possible that an investment in a SPAC may lose value.\n\nBut then the filing getsveryinteresting - language is removed that allows ARK funds to take even largerconcentrations in names - in addition to over-the-counter traded ADRs, which are notoriously riskier products than normal equity.\nThe amendment removes ARK's limit to invest 10% of its total assets in any active fund in ADRs that are traded over-the-counter.\nOn top of that, the amended prospectus removes language that formerly limited ARK to investing no more than 30% of a fund's total assets into securities issued by a single company. Another \"rule\" removed was language preventing ARK from investing in more than 20% of a company's total outstanding shares.\nThe amendments portend ARK piling further into concentrated, high-risk names that dominate their respective funds. Wood's recent rotation out of big cap names like Microsoft and into \"speculative\" smaller cap companies like Workhorse and Vuzix has made it clear that the firm's appetite for risk continues to grow as NASDAQ volatility continues.\nObviously, if a pin is finally going to prick the NASDAQ gamma bubble that has blown up over the last 12 months, the higher Wood's concentration in speculative names, the more spectacular a crash would be for ARK funds.\nBut for now, ARK continues to hold up - we noted itwill be launchingits Space ETF as soon as this week. And despite noting that theNASDAQ gamma squeezeappears to be over, Wood and her team seem hell bent on continuing to tempt fate. We'll keep a close eye on the situation going forward.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":355843393,"gmtCreate":1617063183012,"gmtModify":1704801413143,"author":{"id":"3559787818034959","authorId":"3559787818034959","name":"Ericlam","avatar":"https://static.tigerbbs.com/f2154f4bb8afd22f8e6fde60b57acb69","vip":1,"hat":"https://static.tigerbbs.com/b0a2963eb37c60c5d6d4a8dbcd266952","crmLevel":7,"crmLevelSwitch":1},"htmlText":"Into higher risk?","listText":"Into higher risk?","text":"Into higher risk?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":4,"repostSize":0,"link":"https://ttm.financial/post/355843393","repostId":1108487611,"repostType":4,"repost":{"id":"1108487611","pubTimestamp":1617030137,"share":"https://www.laohu8.com/m/news/1108487611?lang=&edition=full","pubTime":"2021-03-29 23:02","market":"us","language":"en","title":"ARK Funds Amend ETF Prospectus To Remove Investment Concentration Limits","url":"https://stock-news.laohu8.com/highlight/detail?id=1108487611","media":"zerohedge","summary":"We have been following the volatility with flows in and out of ARK Funds over the last few months, make note of Cathie Wood's performance and \"proprietary\" investing style as the NASDAQ has whipsawed back and forth for the better part of 2021.Now, it looks like ARK is making some changes in its disclosures commensurate with its recent \"active investing style\", wherein it has been rotating out of large cap tech names and into smaller, more speculative names, especially in its ARKK flagship fund.A","content":"<p>We have been following the volatility with flows in and out of ARK Funds over the last few months, make note of Cathie Wood's performance and \"proprietary\" investing style as the NASDAQ has whipsawed back and forth for the better part of 2021.</p>\n<p>Now, it looks like ARK is making some changes in its disclosures commensurate with its recent \"active investing style\", wherein it has been rotating out of large cap tech names and into smaller, more speculative names, especially in its ARKK flagship fund.</p>\n<p>ARK funds filed an amendment to its prospectuses for its ETFs on Friday, making some little recognized changes that were caught by&nbsp;@syouth1 on Twitterover the weekend.</p>\n<p><img src=\"https://static.tigerbbs.com/b33212d1be9470754b1d7207c20f1b74\" tg-width=\"469\" tg-height=\"694\">As the tweet notes, the new ARKSEC filing&nbsp;does several things. First, on a perfunctory note, it specifies risks related to investing in SPACs, noting that they are \"subject to a variety of risks beyond those associated with other equity securities\".</p>\n<blockquote>\n <i>Special Purpose Acquisition Companies (SPACs)</i>. The Fund may invest in stock of, warrants to purchase stock of, and other interests in SPACs or similar special purposes entities. A SPAC is a publicly traded company that raises investment capital for the purpose of acquiring or merging with an existing company. Investments in SPACs and similar entities are subject to a variety of risks beyond those associated with other equity securities. Because SPACs and similar entities do not have any operating history or ongoing business other than seeking acquisitions, the value of their securities is particularly dependent on the ability of the SPAC’s management to identify a merger target and complete an acquisition. Until an acquisition or merger is completed, a SPAC generally invests its assets, less a portion retained to cover expenses, in U.S. government securities, money market securities and cash and does not typically pay dividends in respect of its common stock. As a result, it is possible that an investment in a SPAC may lose value.\n</blockquote>\n<p>But then the filing gets<i>very</i>interesting - language is removed that allows ARK funds to take&nbsp;<i>even larger</i>concentrations in names - in addition to over-the-counter traded ADRs, which are notoriously riskier products than normal equity.</p>\n<p>The amendment&nbsp;removes&nbsp;ARK's limit to invest 10% of its total assets in any active fund in ADRs that are traded over-the-counter.</p>\n<p><img src=\"https://static.tigerbbs.com/2bce1e8e9b6703975f8c9e2d9074a96d\" tg-width=\"500\" tg-height=\"121\">On top of that, the amended prospectus removes language that formerly limited ARK to investing no more than 30% of a fund's&nbsp;total assets into securities issued by a single company. Another \"rule\" removed was language preventing ARK from investing in more than 20% of a company's total outstanding shares.</p>\n<p><img src=\"https://static.tigerbbs.com/cce6710dda8e17521ae59148059b26a1\" tg-width=\"500\" tg-height=\"205\">The amendments portend ARK piling further into concentrated, high-risk names that dominate their respective funds. Wood's recent rotation out of big cap names like Microsoft and into \"speculative\" smaller cap companies like Workhorse and Vuzix has made it clear that the firm's appetite for risk continues to grow as NASDAQ volatility continues.</p>\n<p>Obviously, if a pin is finally going to prick the NASDAQ gamma bubble that has blown up over the last 12 months, the higher Wood's concentration in speculative names, the more spectacular a crash would be for ARK funds.</p>\n<p>But for now, ARK continues to hold up - we noted itwill be launchingits Space ETF as soon as this week. And despite noting that theNASDAQ gamma squeezeappears to be over, Wood and her team seem hell bent on continuing to tempt fate. We'll keep a close eye on the situation going forward.</p>\n<p></p>","source":"lsy1583725640930","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>ARK Funds Amend ETF Prospectus To Remove Investment Concentration Limits</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nARK Funds Amend ETF Prospectus To Remove Investment Concentration Limits\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-29 23:02 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.zerohedge.com/markets/ark-funds-amend-etf-prospectus-remove-investment-concentration-limits?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedge+-+on+a+long+enough+timeline%2C+the+survival+rate+for+everyone+drops+to+zero%29><strong>zerohedge</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>We have been following the volatility with flows in and out of ARK Funds over the last few months, make note of Cathie Wood's performance and \"proprietary\" investing style as the NASDAQ has whipsawed ...</p>\n\n<a href=\"https://www.zerohedge.com/markets/ark-funds-amend-etf-prospectus-remove-investment-concentration-limits?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedge+-+on+a+long+enough+timeline%2C+the+survival+rate+for+everyone+drops+to+zero%29\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.zerohedge.com/markets/ark-funds-amend-etf-prospectus-remove-investment-concentration-limits?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedge+-+on+a+long+enough+timeline%2C+the+survival+rate+for+everyone+drops+to+zero%29","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1108487611","content_text":"We have been following the volatility with flows in and out of ARK Funds over the last few months, make note of Cathie Wood's performance and \"proprietary\" investing style as the NASDAQ has whipsawed back and forth for the better part of 2021.\nNow, it looks like ARK is making some changes in its disclosures commensurate with its recent \"active investing style\", wherein it has been rotating out of large cap tech names and into smaller, more speculative names, especially in its ARKK flagship fund.\nARK funds filed an amendment to its prospectuses for its ETFs on Friday, making some little recognized changes that were caught by @syouth1 on Twitterover the weekend.\nAs the tweet notes, the new ARKSEC filing does several things. First, on a perfunctory note, it specifies risks related to investing in SPACs, noting that they are \"subject to a variety of risks beyond those associated with other equity securities\".\n\nSpecial Purpose Acquisition Companies (SPACs). The Fund may invest in stock of, warrants to purchase stock of, and other interests in SPACs or similar special purposes entities. A SPAC is a publicly traded company that raises investment capital for the purpose of acquiring or merging with an existing company. Investments in SPACs and similar entities are subject to a variety of risks beyond those associated with other equity securities. Because SPACs and similar entities do not have any operating history or ongoing business other than seeking acquisitions, the value of their securities is particularly dependent on the ability of the SPAC’s management to identify a merger target and complete an acquisition. Until an acquisition or merger is completed, a SPAC generally invests its assets, less a portion retained to cover expenses, in U.S. government securities, money market securities and cash and does not typically pay dividends in respect of its common stock. As a result, it is possible that an investment in a SPAC may lose value.\n\nBut then the filing getsveryinteresting - language is removed that allows ARK funds to take even largerconcentrations in names - in addition to over-the-counter traded ADRs, which are notoriously riskier products than normal equity.\nThe amendment removes ARK's limit to invest 10% of its total assets in any active fund in ADRs that are traded over-the-counter.\nOn top of that, the amended prospectus removes language that formerly limited ARK to investing no more than 30% of a fund's total assets into securities issued by a single company. Another \"rule\" removed was language preventing ARK from investing in more than 20% of a company's total outstanding shares.\nThe amendments portend ARK piling further into concentrated, high-risk names that dominate their respective funds. Wood's recent rotation out of big cap names like Microsoft and into \"speculative\" smaller cap companies like Workhorse and Vuzix has made it clear that the firm's appetite for risk continues to grow as NASDAQ volatility continues.\nObviously, if a pin is finally going to prick the NASDAQ gamma bubble that has blown up over the last 12 months, the higher Wood's concentration in speculative names, the more spectacular a crash would be for ARK funds.\nBut for now, ARK continues to hold up - we noted itwill be launchingits Space ETF as soon as this week. And despite noting that theNASDAQ gamma squeezeappears to be over, Wood and her team seem hell bent on continuing to tempt fate. We'll keep a close eye on the situation going forward.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":3917099,"gmtCreate":1617066533123,"gmtModify":1680782242784,"authorId":3559787818034959,"author":{"id":3559787818034959,"authorId":3559787818034959,"name":"Ericlam","avatar":"https://static.tigerbbs.com/f2154f4bb8afd22f8e6fde60b57acb69","vip":1,"currentWearingBadge":{"badgeId":"1026c425416b44e0aac28c11a0848493-2","templateUuid":"1026c425416b44e0aac28c11a0848493","name":"Senior Tiger","description":"Join the tiger community for 1000 days","bigImgUrl":"https://static.tigerbbs.com/0063fb68ea29c9ae6858c58630e182d5","smallImgUrl":"https://static.tigerbbs.com/96c699a93be4214d4b49aea6a5a5d1a4","grayImgUrl":"https://static.tigerbbs.com/35b0e542a9ff77046ed69ef602bc105d","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2023.05.04","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":1001},"crmLevel":7,"crmLevelSwitch":1,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":355843393,"type":1,"supId":3916629,"prevId":0,"content":"Nice","text":"Nice","html":"Nice"},{"id":3917097,"gmtCreate":1617066517441,"gmtModify":1680782240743,"authorId":3559787818034959,"author":{"id":3559787818034959,"authorId":3559787818034959,"name":"Ericlam","avatar":"https://static.tigerbbs.com/f2154f4bb8afd22f8e6fde60b57acb69","vip":1,"currentWearingBadge":{"badgeId":"1026c425416b44e0aac28c11a0848493-2","templateUuid":"1026c425416b44e0aac28c11a0848493","name":"Senior Tiger","description":"Join the tiger community for 1000 days","bigImgUrl":"https://static.tigerbbs.com/0063fb68ea29c9ae6858c58630e182d5","smallImgUrl":"https://static.tigerbbs.com/96c699a93be4214d4b49aea6a5a5d1a4","grayImgUrl":"https://static.tigerbbs.com/35b0e542a9ff77046ed69ef602bc105d","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2023.05.04","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":1001},"crmLevel":7,"crmLevelSwitch":1,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":355843393,"type":1,"supId":3917044,"prevId":0,"content":"Nice","text":"Nice","html":"Nice"},{"id":3917044,"gmtCreate":1617066296325,"gmtModify":1680782234603,"authorId":3576629019645766,"author":{"id":3576629019645766,"authorId":3576629019645766,"name":"Fanshuu","avatar":"https://static.tigerbbs.com/27c3506ac91aba524d8796fabd50c2f8","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":355843393,"type":1,"supId":0,"prevId":0,"content":"Overconfidence possibly? Had a great 2020 &amp; trying hard not to lose investors by betting bigger and riskier investments?","text":"Overconfidence possibly? Had a great 2020 &amp; trying hard not to lose investors by betting bigger and riskier investments?","html":"Overconfidence possibly? Had a great 2020 &amp; trying hard not to lose investors by betting bigger and riskier investments?"},{"id":3916629,"gmtCreate":1617064085488,"gmtModify":1680782232070,"authorId":3560138341869725,"author":{"id":3560138341869725,"authorId":3560138341869725,"name":"jonbeloved","avatar":"https://static.tigerbbs.com/1312ffb19627a11a2ad03b49693f53dd","vip":1,"currentWearingBadge":{"badgeId":"1026c425416b44e0aac28c11a0848493-2","templateUuid":"1026c425416b44e0aac28c11a0848493","name":"Senior Tiger","description":"Join the tiger community for 1000 days","bigImgUrl":"https://static.tigerbbs.com/0063fb68ea29c9ae6858c58630e182d5","smallImgUrl":"https://static.tigerbbs.com/96c699a93be4214d4b49aea6a5a5d1a4","grayImgUrl":"https://static.tigerbbs.com/35b0e542a9ff77046ed69ef602bc105d","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2023.05.08","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":1001},"crmLevel":3,"crmLevelSwitch":1,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":355843393,"type":1,"supId":0,"prevId":0,"content":"Yeah","text":"Yeah","html":"Yeah"}],"langContent":"EN"},{"id":355851626,"gmtCreate":1617062621665,"gmtModify":1704801402300,"author":{"id":"3561259559295872","authorId":"3561259559295872","name":"SquareGuy","avatar":"https://static.tigerbbs.com/c4aa86e9311a7ff0643a2e9f93645a8c","vip":1,"crmLevel":5,"crmLevelSwitch":0},"htmlText":"I love the idea of Ark buying more big caps $tsla Tesla , $U and small caps too","listText":"I love the idea of Ark buying more big caps $tsla Tesla , $U and small caps too","text":"I love the idea of Ark buying more big caps $tsla Tesla , $U and small caps too","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":3,"repostSize":0,"link":"https://ttm.financial/post/355851626","repostId":1108487611,"repostType":4,"repost":{"id":"1108487611","pubTimestamp":1617030137,"share":"https://www.laohu8.com/m/news/1108487611?lang=&edition=full","pubTime":"2021-03-29 23:02","market":"us","language":"en","title":"ARK Funds Amend ETF Prospectus To Remove Investment Concentration Limits","url":"https://stock-news.laohu8.com/highlight/detail?id=1108487611","media":"zerohedge","summary":"We have been following the volatility with flows in and out of ARK Funds over the last few months, make note of Cathie Wood's performance and \"proprietary\" investing style as the NASDAQ has whipsawed back and forth for the better part of 2021.Now, it looks like ARK is making some changes in its disclosures commensurate with its recent \"active investing style\", wherein it has been rotating out of large cap tech names and into smaller, more speculative names, especially in its ARKK flagship fund.A","content":"<p>We have been following the volatility with flows in and out of ARK Funds over the last few months, make note of Cathie Wood's performance and \"proprietary\" investing style as the NASDAQ has whipsawed back and forth for the better part of 2021.</p>\n<p>Now, it looks like ARK is making some changes in its disclosures commensurate with its recent \"active investing style\", wherein it has been rotating out of large cap tech names and into smaller, more speculative names, especially in its ARKK flagship fund.</p>\n<p>ARK funds filed an amendment to its prospectuses for its ETFs on Friday, making some little recognized changes that were caught by&nbsp;@syouth1 on Twitterover the weekend.</p>\n<p><img src=\"https://static.tigerbbs.com/b33212d1be9470754b1d7207c20f1b74\" tg-width=\"469\" tg-height=\"694\">As the tweet notes, the new ARKSEC filing&nbsp;does several things. First, on a perfunctory note, it specifies risks related to investing in SPACs, noting that they are \"subject to a variety of risks beyond those associated with other equity securities\".</p>\n<blockquote>\n <i>Special Purpose Acquisition Companies (SPACs)</i>. The Fund may invest in stock of, warrants to purchase stock of, and other interests in SPACs or similar special purposes entities. A SPAC is a publicly traded company that raises investment capital for the purpose of acquiring or merging with an existing company. Investments in SPACs and similar entities are subject to a variety of risks beyond those associated with other equity securities. Because SPACs and similar entities do not have any operating history or ongoing business other than seeking acquisitions, the value of their securities is particularly dependent on the ability of the SPAC’s management to identify a merger target and complete an acquisition. Until an acquisition or merger is completed, a SPAC generally invests its assets, less a portion retained to cover expenses, in U.S. government securities, money market securities and cash and does not typically pay dividends in respect of its common stock. As a result, it is possible that an investment in a SPAC may lose value.\n</blockquote>\n<p>But then the filing gets<i>very</i>interesting - language is removed that allows ARK funds to take&nbsp;<i>even larger</i>concentrations in names - in addition to over-the-counter traded ADRs, which are notoriously riskier products than normal equity.</p>\n<p>The amendment&nbsp;removes&nbsp;ARK's limit to invest 10% of its total assets in any active fund in ADRs that are traded over-the-counter.</p>\n<p><img src=\"https://static.tigerbbs.com/2bce1e8e9b6703975f8c9e2d9074a96d\" tg-width=\"500\" tg-height=\"121\">On top of that, the amended prospectus removes language that formerly limited ARK to investing no more than 30% of a fund's&nbsp;total assets into securities issued by a single company. Another \"rule\" removed was language preventing ARK from investing in more than 20% of a company's total outstanding shares.</p>\n<p><img src=\"https://static.tigerbbs.com/cce6710dda8e17521ae59148059b26a1\" tg-width=\"500\" tg-height=\"205\">The amendments portend ARK piling further into concentrated, high-risk names that dominate their respective funds. Wood's recent rotation out of big cap names like Microsoft and into \"speculative\" smaller cap companies like Workhorse and Vuzix has made it clear that the firm's appetite for risk continues to grow as NASDAQ volatility continues.</p>\n<p>Obviously, if a pin is finally going to prick the NASDAQ gamma bubble that has blown up over the last 12 months, the higher Wood's concentration in speculative names, the more spectacular a crash would be for ARK funds.</p>\n<p>But for now, ARK continues to hold up - we noted itwill be launchingits Space ETF as soon as this week. And despite noting that theNASDAQ gamma squeezeappears to be over, Wood and her team seem hell bent on continuing to tempt fate. We'll keep a close eye on the situation going forward.</p>\n<p></p>","source":"lsy1583725640930","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>ARK Funds Amend ETF Prospectus To Remove Investment Concentration Limits</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nARK Funds Amend ETF Prospectus To Remove Investment Concentration Limits\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-29 23:02 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.zerohedge.com/markets/ark-funds-amend-etf-prospectus-remove-investment-concentration-limits?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedge+-+on+a+long+enough+timeline%2C+the+survival+rate+for+everyone+drops+to+zero%29><strong>zerohedge</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>We have been following the volatility with flows in and out of ARK Funds over the last few months, make note of Cathie Wood's performance and \"proprietary\" investing style as the NASDAQ has whipsawed ...</p>\n\n<a href=\"https://www.zerohedge.com/markets/ark-funds-amend-etf-prospectus-remove-investment-concentration-limits?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedge+-+on+a+long+enough+timeline%2C+the+survival+rate+for+everyone+drops+to+zero%29\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.zerohedge.com/markets/ark-funds-amend-etf-prospectus-remove-investment-concentration-limits?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedge+-+on+a+long+enough+timeline%2C+the+survival+rate+for+everyone+drops+to+zero%29","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1108487611","content_text":"We have been following the volatility with flows in and out of ARK Funds over the last few months, make note of Cathie Wood's performance and \"proprietary\" investing style as the NASDAQ has whipsawed back and forth for the better part of 2021.\nNow, it looks like ARK is making some changes in its disclosures commensurate with its recent \"active investing style\", wherein it has been rotating out of large cap tech names and into smaller, more speculative names, especially in its ARKK flagship fund.\nARK funds filed an amendment to its prospectuses for its ETFs on Friday, making some little recognized changes that were caught by @syouth1 on Twitterover the weekend.\nAs the tweet notes, the new ARKSEC filing does several things. First, on a perfunctory note, it specifies risks related to investing in SPACs, noting that they are \"subject to a variety of risks beyond those associated with other equity securities\".\n\nSpecial Purpose Acquisition Companies (SPACs). The Fund may invest in stock of, warrants to purchase stock of, and other interests in SPACs or similar special purposes entities. A SPAC is a publicly traded company that raises investment capital for the purpose of acquiring or merging with an existing company. Investments in SPACs and similar entities are subject to a variety of risks beyond those associated with other equity securities. Because SPACs and similar entities do not have any operating history or ongoing business other than seeking acquisitions, the value of their securities is particularly dependent on the ability of the SPAC’s management to identify a merger target and complete an acquisition. Until an acquisition or merger is completed, a SPAC generally invests its assets, less a portion retained to cover expenses, in U.S. government securities, money market securities and cash and does not typically pay dividends in respect of its common stock. As a result, it is possible that an investment in a SPAC may lose value.\n\nBut then the filing getsveryinteresting - language is removed that allows ARK funds to take even largerconcentrations in names - in addition to over-the-counter traded ADRs, which are notoriously riskier products than normal equity.\nThe amendment removes ARK's limit to invest 10% of its total assets in any active fund in ADRs that are traded over-the-counter.\nOn top of that, the amended prospectus removes language that formerly limited ARK to investing no more than 30% of a fund's total assets into securities issued by a single company. Another \"rule\" removed was language preventing ARK from investing in more than 20% of a company's total outstanding shares.\nThe amendments portend ARK piling further into concentrated, high-risk names that dominate their respective funds. Wood's recent rotation out of big cap names like Microsoft and into \"speculative\" smaller cap companies like Workhorse and Vuzix has made it clear that the firm's appetite for risk continues to grow as NASDAQ volatility continues.\nObviously, if a pin is finally going to prick the NASDAQ gamma bubble that has blown up over the last 12 months, the higher Wood's concentration in speculative names, the more spectacular a crash would be for ARK funds.\nBut for now, ARK continues to hold up - we noted itwill be launchingits Space ETF as soon as this week. And despite noting that theNASDAQ gamma squeezeappears to be over, Wood and her team seem hell bent on continuing to tempt fate. We'll keep a close eye on the situation going forward.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":3921703,"gmtCreate":1617108919582,"gmtModify":1680782314786,"authorId":3561259559295872,"author":{"id":3561259559295872,"authorId":3561259559295872,"name":"SquareGuy","avatar":"https://static.tigerbbs.com/c4aa86e9311a7ff0643a2e9f93645a8c","vip":1,"crmLevel":5,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":355851626,"type":1,"supId":3916374,"prevId":0,"content":"Hi Pat, <u>Let's</u> see how quickTesla reaches Cathies worst case PT of 1500","text":"Hi Pat, <u>Let's</u> see how quickTesla reaches Cathies worst case PT of 1500","html":"Hi Pat, <u>Let's</u> see how quickTesla reaches Cathies worst case PT of 1500"},{"id":3916790,"gmtCreate":1617064825318,"gmtModify":1680782235859,"authorId":3572783242188448,"author":{"id":3572783242188448,"authorId":3572783242188448,"name":"勇敢的謝爾頓","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":355851626,"type":1,"supId":0,"prevId":0,"content":"[惊讶]","text":"[惊讶]","html":"[惊讶]"},{"id":3916374,"gmtCreate":1617062993540,"gmtModify":1680782226997,"authorId":3562124135078682,"author":{"id":3562124135078682,"authorId":3562124135078682,"name":"dearpat","avatar":"https://static.tigerbbs.com/9072a048663c0910db6a2b1378b5b5a7","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":355851626,"type":1,"supId":0,"prevId":0,"content":"Risky but applaud their guts! Not sure about tesla but U and other small caps that they have are great.","text":"Risky but applaud their guts! Not sure about tesla but U and other small caps that they have are great.","html":"Risky but applaud their guts! Not sure about tesla but U and other small caps that they have are great."}],"langContent":"EN"},{"id":355853000,"gmtCreate":1617062538200,"gmtModify":1704801399227,"author":{"id":"3572474896190235","authorId":"3572474896190235","name":"Zoyoyo","avatar":"https://static.tigerbbs.com/95ad51f5e7e50d18d8bc2eab6cd33224","vip":1,"crmLevel":2,"crmLevelSwitch":0},"htmlText":"Dgg man","listText":"Dgg man","text":"Dgg man","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/355853000","repostId":1108487611,"repostType":4,"repost":{"id":"1108487611","pubTimestamp":1617030137,"share":"https://www.laohu8.com/m/news/1108487611?lang=&edition=full","pubTime":"2021-03-29 23:02","market":"us","language":"en","title":"ARK Funds Amend ETF Prospectus To Remove Investment Concentration Limits","url":"https://stock-news.laohu8.com/highlight/detail?id=1108487611","media":"zerohedge","summary":"We have been following the volatility with flows in and out of ARK Funds over the last few months, make note of Cathie Wood's performance and \"proprietary\" investing style as the NASDAQ has whipsawed back and forth for the better part of 2021.Now, it looks like ARK is making some changes in its disclosures commensurate with its recent \"active investing style\", wherein it has been rotating out of large cap tech names and into smaller, more speculative names, especially in its ARKK flagship fund.A","content":"<p>We have been following the volatility with flows in and out of ARK Funds over the last few months, make note of Cathie Wood's performance and \"proprietary\" investing style as the NASDAQ has whipsawed back and forth for the better part of 2021.</p>\n<p>Now, it looks like ARK is making some changes in its disclosures commensurate with its recent \"active investing style\", wherein it has been rotating out of large cap tech names and into smaller, more speculative names, especially in its ARKK flagship fund.</p>\n<p>ARK funds filed an amendment to its prospectuses for its ETFs on Friday, making some little recognized changes that were caught by&nbsp;@syouth1 on Twitterover the weekend.</p>\n<p><img src=\"https://static.tigerbbs.com/b33212d1be9470754b1d7207c20f1b74\" tg-width=\"469\" tg-height=\"694\">As the tweet notes, the new ARKSEC filing&nbsp;does several things. First, on a perfunctory note, it specifies risks related to investing in SPACs, noting that they are \"subject to a variety of risks beyond those associated with other equity securities\".</p>\n<blockquote>\n <i>Special Purpose Acquisition Companies (SPACs)</i>. The Fund may invest in stock of, warrants to purchase stock of, and other interests in SPACs or similar special purposes entities. A SPAC is a publicly traded company that raises investment capital for the purpose of acquiring or merging with an existing company. Investments in SPACs and similar entities are subject to a variety of risks beyond those associated with other equity securities. Because SPACs and similar entities do not have any operating history or ongoing business other than seeking acquisitions, the value of their securities is particularly dependent on the ability of the SPAC’s management to identify a merger target and complete an acquisition. Until an acquisition or merger is completed, a SPAC generally invests its assets, less a portion retained to cover expenses, in U.S. government securities, money market securities and cash and does not typically pay dividends in respect of its common stock. As a result, it is possible that an investment in a SPAC may lose value.\n</blockquote>\n<p>But then the filing gets<i>very</i>interesting - language is removed that allows ARK funds to take&nbsp;<i>even larger</i>concentrations in names - in addition to over-the-counter traded ADRs, which are notoriously riskier products than normal equity.</p>\n<p>The amendment&nbsp;removes&nbsp;ARK's limit to invest 10% of its total assets in any active fund in ADRs that are traded over-the-counter.</p>\n<p><img src=\"https://static.tigerbbs.com/2bce1e8e9b6703975f8c9e2d9074a96d\" tg-width=\"500\" tg-height=\"121\">On top of that, the amended prospectus removes language that formerly limited ARK to investing no more than 30% of a fund's&nbsp;total assets into securities issued by a single company. Another \"rule\" removed was language preventing ARK from investing in more than 20% of a company's total outstanding shares.</p>\n<p><img src=\"https://static.tigerbbs.com/cce6710dda8e17521ae59148059b26a1\" tg-width=\"500\" tg-height=\"205\">The amendments portend ARK piling further into concentrated, high-risk names that dominate their respective funds. Wood's recent rotation out of big cap names like Microsoft and into \"speculative\" smaller cap companies like Workhorse and Vuzix has made it clear that the firm's appetite for risk continues to grow as NASDAQ volatility continues.</p>\n<p>Obviously, if a pin is finally going to prick the NASDAQ gamma bubble that has blown up over the last 12 months, the higher Wood's concentration in speculative names, the more spectacular a crash would be for ARK funds.</p>\n<p>But for now, ARK continues to hold up - we noted itwill be launchingits Space ETF as soon as this week. And despite noting that theNASDAQ gamma squeezeappears to be over, Wood and her team seem hell bent on continuing to tempt fate. We'll keep a close eye on the situation going forward.</p>\n<p></p>","source":"lsy1583725640930","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>ARK Funds Amend ETF Prospectus To Remove Investment Concentration Limits</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nARK Funds Amend ETF Prospectus To Remove Investment Concentration Limits\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-29 23:02 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.zerohedge.com/markets/ark-funds-amend-etf-prospectus-remove-investment-concentration-limits?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedge+-+on+a+long+enough+timeline%2C+the+survival+rate+for+everyone+drops+to+zero%29><strong>zerohedge</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>We have been following the volatility with flows in and out of ARK Funds over the last few months, make note of Cathie Wood's performance and \"proprietary\" investing style as the NASDAQ has whipsawed ...</p>\n\n<a href=\"https://www.zerohedge.com/markets/ark-funds-amend-etf-prospectus-remove-investment-concentration-limits?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedge+-+on+a+long+enough+timeline%2C+the+survival+rate+for+everyone+drops+to+zero%29\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.zerohedge.com/markets/ark-funds-amend-etf-prospectus-remove-investment-concentration-limits?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedge+-+on+a+long+enough+timeline%2C+the+survival+rate+for+everyone+drops+to+zero%29","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1108487611","content_text":"We have been following the volatility with flows in and out of ARK Funds over the last few months, make note of Cathie Wood's performance and \"proprietary\" investing style as the NASDAQ has whipsawed back and forth for the better part of 2021.\nNow, it looks like ARK is making some changes in its disclosures commensurate with its recent \"active investing style\", wherein it has been rotating out of large cap tech names and into smaller, more speculative names, especially in its ARKK flagship fund.\nARK funds filed an amendment to its prospectuses for its ETFs on Friday, making some little recognized changes that were caught by @syouth1 on Twitterover the weekend.\nAs the tweet notes, the new ARKSEC filing does several things. First, on a perfunctory note, it specifies risks related to investing in SPACs, noting that they are \"subject to a variety of risks beyond those associated with other equity securities\".\n\nSpecial Purpose Acquisition Companies (SPACs). The Fund may invest in stock of, warrants to purchase stock of, and other interests in SPACs or similar special purposes entities. A SPAC is a publicly traded company that raises investment capital for the purpose of acquiring or merging with an existing company. Investments in SPACs and similar entities are subject to a variety of risks beyond those associated with other equity securities. Because SPACs and similar entities do not have any operating history or ongoing business other than seeking acquisitions, the value of their securities is particularly dependent on the ability of the SPAC’s management to identify a merger target and complete an acquisition. Until an acquisition or merger is completed, a SPAC generally invests its assets, less a portion retained to cover expenses, in U.S. government securities, money market securities and cash and does not typically pay dividends in respect of its common stock. As a result, it is possible that an investment in a SPAC may lose value.\n\nBut then the filing getsveryinteresting - language is removed that allows ARK funds to take even largerconcentrations in names - in addition to over-the-counter traded ADRs, which are notoriously riskier products than normal equity.\nThe amendment removes ARK's limit to invest 10% of its total assets in any active fund in ADRs that are traded over-the-counter.\nOn top of that, the amended prospectus removes language that formerly limited ARK to investing no more than 30% of a fund's total assets into securities issued by a single company. Another \"rule\" removed was language preventing ARK from investing in more than 20% of a company's total outstanding shares.\nThe amendments portend ARK piling further into concentrated, high-risk names that dominate their respective funds. Wood's recent rotation out of big cap names like Microsoft and into \"speculative\" smaller cap companies like Workhorse and Vuzix has made it clear that the firm's appetite for risk continues to grow as NASDAQ volatility continues.\nObviously, if a pin is finally going to prick the NASDAQ gamma bubble that has blown up over the last 12 months, the higher Wood's concentration in speculative names, the more spectacular a crash would be for ARK funds.\nBut for now, ARK continues to hold up - we noted itwill be launchingits Space ETF as soon as this week. And despite noting that theNASDAQ gamma squeezeappears to be over, Wood and her team seem hell bent on continuing to tempt fate. We'll keep a close eye on the situation going forward.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":355828627,"gmtCreate":1617062073969,"gmtModify":1704801390315,"author":{"id":"3574906731000207","authorId":"3574906731000207","name":"SSVC","avatar":"https://static.tigerbbs.com/545a5ea462ff4ac7cc100bd3d8d97f72","vip":1,"crmLevel":3,"crmLevelSwitch":0},"htmlText":"Pls like and comment thanks","listText":"Pls like and comment thanks","text":"Pls like and comment thanks","images":[],"top":1,"highlighted":2,"essential":1,"paper":1,"likeSize":9,"commentSize":12,"repostSize":0,"link":"https://ttm.financial/post/355828627","repostId":1108487611,"repostType":4,"repost":{"id":"1108487611","pubTimestamp":1617030137,"share":"https://www.laohu8.com/m/news/1108487611?lang=&edition=full","pubTime":"2021-03-29 23:02","market":"us","language":"en","title":"ARK Funds Amend ETF Prospectus To Remove Investment Concentration Limits","url":"https://stock-news.laohu8.com/highlight/detail?id=1108487611","media":"zerohedge","summary":"We have been following the volatility with flows in and out of ARK Funds over the last few months, make note of Cathie Wood's performance and \"proprietary\" investing style as the NASDAQ has whipsawed back and forth for the better part of 2021.Now, it looks like ARK is making some changes in its disclosures commensurate with its recent \"active investing style\", wherein it has been rotating out of large cap tech names and into smaller, more speculative names, especially in its ARKK flagship fund.A","content":"<p>We have been following the volatility with flows in and out of ARK Funds over the last few months, make note of Cathie Wood's performance and \"proprietary\" investing style as the NASDAQ has whipsawed back and forth for the better part of 2021.</p>\n<p>Now, it looks like ARK is making some changes in its disclosures commensurate with its recent \"active investing style\", wherein it has been rotating out of large cap tech names and into smaller, more speculative names, especially in its ARKK flagship fund.</p>\n<p>ARK funds filed an amendment to its prospectuses for its ETFs on Friday, making some little recognized changes that were caught by&nbsp;@syouth1 on Twitterover the weekend.</p>\n<p><img src=\"https://static.tigerbbs.com/b33212d1be9470754b1d7207c20f1b74\" tg-width=\"469\" tg-height=\"694\">As the tweet notes, the new ARKSEC filing&nbsp;does several things. First, on a perfunctory note, it specifies risks related to investing in SPACs, noting that they are \"subject to a variety of risks beyond those associated with other equity securities\".</p>\n<blockquote>\n <i>Special Purpose Acquisition Companies (SPACs)</i>. The Fund may invest in stock of, warrants to purchase stock of, and other interests in SPACs or similar special purposes entities. A SPAC is a publicly traded company that raises investment capital for the purpose of acquiring or merging with an existing company. Investments in SPACs and similar entities are subject to a variety of risks beyond those associated with other equity securities. Because SPACs and similar entities do not have any operating history or ongoing business other than seeking acquisitions, the value of their securities is particularly dependent on the ability of the SPAC’s management to identify a merger target and complete an acquisition. Until an acquisition or merger is completed, a SPAC generally invests its assets, less a portion retained to cover expenses, in U.S. government securities, money market securities and cash and does not typically pay dividends in respect of its common stock. As a result, it is possible that an investment in a SPAC may lose value.\n</blockquote>\n<p>But then the filing gets<i>very</i>interesting - language is removed that allows ARK funds to take&nbsp;<i>even larger</i>concentrations in names - in addition to over-the-counter traded ADRs, which are notoriously riskier products than normal equity.</p>\n<p>The amendment&nbsp;removes&nbsp;ARK's limit to invest 10% of its total assets in any active fund in ADRs that are traded over-the-counter.</p>\n<p><img src=\"https://static.tigerbbs.com/2bce1e8e9b6703975f8c9e2d9074a96d\" tg-width=\"500\" tg-height=\"121\">On top of that, the amended prospectus removes language that formerly limited ARK to investing no more than 30% of a fund's&nbsp;total assets into securities issued by a single company. Another \"rule\" removed was language preventing ARK from investing in more than 20% of a company's total outstanding shares.</p>\n<p><img src=\"https://static.tigerbbs.com/cce6710dda8e17521ae59148059b26a1\" tg-width=\"500\" tg-height=\"205\">The amendments portend ARK piling further into concentrated, high-risk names that dominate their respective funds. Wood's recent rotation out of big cap names like Microsoft and into \"speculative\" smaller cap companies like Workhorse and Vuzix has made it clear that the firm's appetite for risk continues to grow as NASDAQ volatility continues.</p>\n<p>Obviously, if a pin is finally going to prick the NASDAQ gamma bubble that has blown up over the last 12 months, the higher Wood's concentration in speculative names, the more spectacular a crash would be for ARK funds.</p>\n<p>But for now, ARK continues to hold up - we noted itwill be launchingits Space ETF as soon as this week. And despite noting that theNASDAQ gamma squeezeappears to be over, Wood and her team seem hell bent on continuing to tempt fate. We'll keep a close eye on the situation going forward.</p>\n<p></p>","source":"lsy1583725640930","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>ARK Funds Amend ETF Prospectus To Remove Investment Concentration Limits</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nARK Funds Amend ETF Prospectus To Remove Investment Concentration Limits\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-29 23:02 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.zerohedge.com/markets/ark-funds-amend-etf-prospectus-remove-investment-concentration-limits?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedge+-+on+a+long+enough+timeline%2C+the+survival+rate+for+everyone+drops+to+zero%29><strong>zerohedge</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>We have been following the volatility with flows in and out of ARK Funds over the last few months, make note of Cathie Wood's performance and \"proprietary\" investing style as the NASDAQ has whipsawed ...</p>\n\n<a href=\"https://www.zerohedge.com/markets/ark-funds-amend-etf-prospectus-remove-investment-concentration-limits?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedge+-+on+a+long+enough+timeline%2C+the+survival+rate+for+everyone+drops+to+zero%29\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.zerohedge.com/markets/ark-funds-amend-etf-prospectus-remove-investment-concentration-limits?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedge+-+on+a+long+enough+timeline%2C+the+survival+rate+for+everyone+drops+to+zero%29","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1108487611","content_text":"We have been following the volatility with flows in and out of ARK Funds over the last few months, make note of Cathie Wood's performance and \"proprietary\" investing style as the NASDAQ has whipsawed back and forth for the better part of 2021.\nNow, it looks like ARK is making some changes in its disclosures commensurate with its recent \"active investing style\", wherein it has been rotating out of large cap tech names and into smaller, more speculative names, especially in its ARKK flagship fund.\nARK funds filed an amendment to its prospectuses for its ETFs on Friday, making some little recognized changes that were caught by @syouth1 on Twitterover the weekend.\nAs the tweet notes, the new ARKSEC filing does several things. First, on a perfunctory note, it specifies risks related to investing in SPACs, noting that they are \"subject to a variety of risks beyond those associated with other equity securities\".\n\nSpecial Purpose Acquisition Companies (SPACs). The Fund may invest in stock of, warrants to purchase stock of, and other interests in SPACs or similar special purposes entities. A SPAC is a publicly traded company that raises investment capital for the purpose of acquiring or merging with an existing company. Investments in SPACs and similar entities are subject to a variety of risks beyond those associated with other equity securities. Because SPACs and similar entities do not have any operating history or ongoing business other than seeking acquisitions, the value of their securities is particularly dependent on the ability of the SPAC’s management to identify a merger target and complete an acquisition. Until an acquisition or merger is completed, a SPAC generally invests its assets, less a portion retained to cover expenses, in U.S. government securities, money market securities and cash and does not typically pay dividends in respect of its common stock. As a result, it is possible that an investment in a SPAC may lose value.\n\nBut then the filing getsveryinteresting - language is removed that allows ARK funds to take even largerconcentrations in names - in addition to over-the-counter traded ADRs, which are notoriously riskier products than normal equity.\nThe amendment removes ARK's limit to invest 10% of its total assets in any active fund in ADRs that are traded over-the-counter.\nOn top of that, the amended prospectus removes language that formerly limited ARK to investing no more than 30% of a fund's total assets into securities issued by a single company. Another \"rule\" removed was language preventing ARK from investing in more than 20% of a company's total outstanding shares.\nThe amendments portend ARK piling further into concentrated, high-risk names that dominate their respective funds. Wood's recent rotation out of big cap names like Microsoft and into \"speculative\" smaller cap companies like Workhorse and Vuzix has made it clear that the firm's appetite for risk continues to grow as NASDAQ volatility continues.\nObviously, if a pin is finally going to prick the NASDAQ gamma bubble that has blown up over the last 12 months, the higher Wood's concentration in speculative names, the more spectacular a crash would be for ARK funds.\nBut for now, ARK continues to hold up - we noted itwill be launchingits Space ETF as soon as this week. And despite noting that theNASDAQ gamma squeezeappears to be over, Wood and her team seem hell bent on continuing to tempt fate. We'll keep a close eye on the situation going forward.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":3918674,"gmtCreate":1617078730504,"gmtModify":1680782267533,"authorId":3570965583958757,"author":{"id":3570965583958757,"authorId":3570965583958757,"name":"SafetyFirst","avatar":"https://static.tigerbbs.com/a6356c1a4c82b1755621f3b2631a6784","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":355828627,"type":1,"supId":0,"prevId":0,"content":"<u>ok</u>","text":"<u>ok</u>","html":"<u>ok</u>"},{"id":3918672,"gmtCreate":1617078721451,"gmtModify":1680782267063,"authorId":3574906731000207,"author":{"id":3574906731000207,"authorId":3574906731000207,"name":"SSVC","avatar":"https://static.tigerbbs.com/545a5ea462ff4ac7cc100bd3d8d97f72","vip":1,"crmLevel":3,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":355828627,"type":1,"supId":3916296,"prevId":0,"content":"[强][握手]","text":"[强][握手]","html":"[强][握手]"},{"id":3918729,"gmtCreate":1617079166179,"gmtModify":1680782266932,"authorId":3574906731000207,"author":{"id":3574906731000207,"authorId":3574906731000207,"name":"SSVC","avatar":"https://static.tigerbbs.com/545a5ea462ff4ac7cc100bd3d8d97f72","vip":1,"crmLevel":3,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":355828627,"type":1,"supId":3918674,"prevId":0,"content":"[强][握手]","text":"[强][握手]","html":"[强][握手]"},{"id":3918667,"gmtCreate":1617078682081,"gmtModify":1680782266918,"authorId":3574906731000207,"author":{"id":3574906731000207,"authorId":3574906731000207,"name":"SSVC","avatar":"https://static.tigerbbs.com/545a5ea462ff4ac7cc100bd3d8d97f72","vip":1,"crmLevel":3,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":355828627,"type":1,"supId":3918458,"prevId":0,"content":"[强][握手]","text":"[强][握手]","html":"[强][握手]"},{"id":3918670,"gmtCreate":1617078701362,"gmtModify":1680782266523,"authorId":3574906731000207,"author":{"id":3574906731000207,"authorId":3574906731000207,"name":"SSVC","avatar":"https://static.tigerbbs.com/545a5ea462ff4ac7cc100bd3d8d97f72","vip":1,"crmLevel":3,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":355828627,"type":1,"supId":3916733,"prevId":0,"content":"[强][握手]","text":"[强][握手]","html":"[强][握手]"}],"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":144,"commentSize":43,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.24.2","shortVersion":"4.24.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1108487611"}