Cathie Wood is going to be closing one of her ARK ETFs - the Transparency ETF (CTRU) will close at the end of July 2022.
The decision from ARK came after the firm learned Transparency Global would stop calculating The Transparency Index — the index this ETF sought to track — at the end of this month.
CTRU had a set of high level criteria -
a. looking for companies with the highest transparency
b. won’t invest in companies involved with fossil fuels, tobacco and alcohol
Somewhat strange. Cathie Wood and her team could not build their own model for CTRU, filtering via high ESG scores and excluding fossil fuels, tobacco and alcohol?
Somewhat strange. Cathie Wood and her team could not build their own model for CTRU, filtering via high ESG scores and excluding fossil fuels, tobacco and alcohol?
Out of curiosity I looked at its chart, and it is ugly.
If it had been doing well they would have likely figured out a way to keep it going.
It is hard to really call it good news but the “good news” is when they liquidate the fund and send all the share holders checks few of them will have any capital gains taxes that they will need to pay.
Somewhat strange. Cathie Wood and her team could not build their own model for CTRU, filtering via high ESG scores and excluding fossil fuels, tobacco and alcohol?
Out of curiosity I looked at its chart, and it is ugly.
If it had been doing well they would have likely figured out a way to keep it going.
CTRU was ARK’s best performing ETF YTD matching ARKQ:
