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Bloomberg
Cathie Wood’s New ETF Shuts Out Banking, Fossil Fuels and Vice
(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,