Posted on 03/23/2021 5:50:47 PM PDT by SunkenCiv
Ark Investment Management is known for its huge bet on the world's hottest electric-car maker. But that hasn't been enough to put Cathie Wood's funds at the top of environmental, social and governance standards.
Her actively managed exchange-traded funds ranked below average in a recent study by Jefferies' analysts Steven DeSanctis and Eric Lockenvitz. That's even as Wood's flagship $24 billion Ark Innovation ETF has more than tripled in the past year -- boosted by its investments in Tesla Inc. Elon Musk's company is ARKK's biggest holding and currently comprises 10.5% of the fund, according to data compiled by Bloomberg.
"Wood is not ESG focused, the funds are not specifically ESG and the scores show you that," DeSanctis said in a phone interview. "They're about innovative growth. Maybe the other way you look at it is that innovative growth doesn't necessarily coincide with the best ESG rankings."...
"Most investors are more worried about making money, right or wrong, than about those ESG scores," said Barry James, portfolio manager at James Investment Research.
(Excerpt) Read more at finance.yahoo.com ...
The heat is on. The Demagogic Party is a collection of violent rival street gangs.
https://finance.yahoo.com/news/elon-musk-bernie-sanders-am-162755727.html
Elon Musk To Bernie Sanders: “I Am Accumulating Resources To Help Make Life Multiplanetary”
Bibhu Pattnaik
Sun, March 21, 2021, 12:27 PM
1 min read
Elon Musk has responded to criticism from a former U.S. presidential contender by appealing to what one might call universal values.
What Happened: U.S. Senator Bernie Sanders on Thursday tweeted: “We are in a moment in American history where two guys — Elon Musk and Jeff Bezos — own more wealth than the bottom 40% of people in this country. That level of greed and inequality is not only immoral. It is unsustainable.”
In response, the Tesla Inc (NASDAQ: TSLA) CEO tweeted: “I am accumulating resources to help make life multiplanetary & extend the light of consciousness to the stars.”
In 2020 Musk, who owns SpaceX, said that he would send a million people to Mars by 2050.
According to the Bloomberg Billionaires Index, Musk is now ranked the world’s second richest person with a fortune of $170 billion, after Jeff Bezos of Amazon.com, Inc (NASDAQ: AMZN), whose wealth is $181 billion.
ESG= a version of Jessie Jackson’s shakedown racket on steroids.
One of the churn-to-make-fortunes sites touted another ETF that supposedly copies ARKK, but is up ten times as much. So I checked the market price, it was down over 2% today, and has only been around since November, oh, and may be one of those "diversity matters" outfits.
Bernie is just jealous. He got his loot by being a crooked politician.
/bingo
I love Elon Musk’s chutzpah, but TSLA is headed for 400 sometime soon.
TSLA’s inclusion in the S&P 500 means it will trade in a narrow (narrow relative to TSLA) range while the index fund managers shed shares on big up days and buy them back on big down days. That will give the time needed for the valuation to catch up to the price.
Cathie Wood is indeed worried about making money, and has made her investors rich. I followed some of her predictions and bought some stocks she is vested in, and have done well. One I bought last year made me 8 times my investment, another couple I bought a couple months ago have doubled. She's very into promoting 3D printing technology.
Elon needs to follow the practice of most people (in and out of show biz) to have a kept man (often an old, faithful friend whose life trajectory included scrapes with the law) who, uh, solves problems quickly and anonymously. Too bad he doesn’t have any friends that he’s not bangin’.
SpaceX has been known to use 3D printing. A lot of people don’t seem to realize it isn’t about just plastic anymore.
https://www.google.com/search?q=spacex+3d+printed+engine
Oh yes. You are so right on with your post.
Thanks!
Not going to happen, unless the entire stock market collapses. TSLA is headed for growth. They're a top seller in China. There's a backlog of orders around the world for their cars where customers put down deposits. Their Berlin and Texas Gigafactories are coming online this year. And that's just their car sector of the company. Their energy sector is profitable and growing, and will exceed their car sector in revenue soon. Their stock will exceed 1000 by year-end, if not sooner.
Yes, they've designed rocket motors using 3D printing. One 3D stock I recently purchased has sent 3D printers into space that print electronics.
That’s the thing. Everyone thinks Tesla is just about electric cars. It’s so much more.
Short and happy for nearly 3 weeks.
Bernie certainly does envy of those who are successful....He is a person who NEVER had a real job-—always sucking at the taxpayers teat.
Owns multiple homes, and rails against others who do also.
I wonder if he also has other envys? Like perhaps some body parts???
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.