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Posted by
Two Blokes Apr 25 -
Filed in
Stock
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ARK Next Generation Internet ETF has delivered 410% returns over the past decade but is now rated 'Hold' due to high valuations. ARKW focuses on next-gen internet themes like cloud services, fintech, cryptocurrency, and streaming, with a top-heavy portfolio in large tech stocks. High P/E ratios and lack of GAAP earnings in top holdings raise concerns about overvaluation and management's reluctance to lock in profits.