Cathie Wood Ark Transparency ETF: Banking, Oil Shut Out; Tech, Consumer In - Bloomberg

Cathie Wood is getting ready to debut a new exchange-traded fund focused on transparency.

Ark Investment Management’s Transparency ETF will closely follow an index that excludes industries including alcohol, banking, gambling and oil and gas, Wood’s company said in a filing on Tuesday. The top holdings in the 100-company gauge are largely tech and consumer firms such as Salesforce.com Inc., Microsoft Corp., Apple Inc., Nike Inc. and Chipotle Mexican Grill Inc. An old Ark favorite, Elon Musk’s Tesla Inc., also makes the cut.

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