Wood laid out the thinking behind Ark Investment Management’s approach and called out Michael Burry directly.

Burry’s Scion Asset Management owned bearish put contracts against 235,500 shares of the ARK Innovation ETF (ARKK) at the end of the second quarter.

In this week's fund news, direct indexing platform Veriti nears $1 billion in AUM; J.P. Morgan to convert four mutual funds to ETFs; and Hartford enters the ESG ETF market.

J.P. Morgan follows in the footsteps of Guinness Atkinson and Dimensional Fund Advisors with its plan to convert four equity mutual funds into similar active transparent ETFs next year.

Digital-asset investment products from Grayscale, Bitwise, 21Shares and others saw outflows for the fifth straight week, the longest such streak since January 2018.

iShares Gold Trust Micro, which debuted in June, has amassed about $560 million in assets, bucking the broad trend among gold ETFs.

With the strong second quarter earnings results of growth stocks and the re-emergence of COVID-19, it's time to broaden the field of value ETFs investors should consider.