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FEBRUARY04,2025RESEARCHREPORTFORINFORMATIONALPURPOSESONLYWWW.ARK-INVEST.COM
BIGIDEAS2025
ARKInvestmentManagementLLC.Thisisnotarecommendationinrelationtoanynamedparticularsecurities/cryptocurrenciesandnowarrantyorguaranteeisprovided.Anyreferencestoparticular
securities/cryptocurrenciesareforillustrativepurposesonly.ThereisnoassurancethattheAdviserwillmakeanyinvestmentswiththesameorsimilarcharacteristicsasanyinvestmentpresented.The
readershouldnotassumethataninvestmentidentifiedwasorwillbeprofitable.PASTPERFORMANCEISNOTINDICATIVEOFFUTUREPERFORMANCE,FUTURERETURNSARENOTGUARANTEED.
ARK’SBigIdeas2025
RisksOfInvestingInInnovation
Pleasenote:CompaniesthatARKbelievesarecapitalizingondisruptiveinnovationanddevelopingtechnologiestodisplaceolder
technologiesorcreatenewmarketsmaynotinfactdoso.ARKaimstoeducateinvestorsandseekstosizethepotentialinvestment
opportunity,notingthatrisksanduncertaintiesmayimpactourprojectionsandresearchmodels.Investorsshouldusethecontent
presentedforinformationalpurposesonly,andbeawareofmarketrisk,disruptiveinnovationrisk,regulatoryrisk,andrisksrelatedto
certaininnovationareas.
Pleasereadriskdisclosurecarefully.
RISKOFINVESTINGININNOVATION
RAPIDPACEOFCHANGEREGULATORYHURDLES
EXPOSUREACROSSSECTORSANDMARKETCAPDISRUPTIVEPOLITICALORLEGALPRESSURE
INNOVATION
UNCERTAINTYANDUNKNOWNS
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