2025五大创想：5个驱动增长的伟大驱动力_5+Big+Ideas.docx

BIGIDEAS2025securities/cryptocurrenciesareforillustrativepurposesonly.ThereisnoassurancethattheAdviserwillmakeanyinvestmentswiththesameorsimilarcharacteristicsasanyinvestmentpresented.Thereadershouldnotassumethataninvestmentidentifiedwasorwill

BIGIDEAS2025

securities/cryptocurrenciesareforillustrativepurposesonly.ThereisnoassurancethattheAdviserwillmakeanyinvestmentswiththesameorsimilarcharacteristicsasanyinvestmentpresented.The

readershouldnotassumethataninvestmentidentifiedwasorwillbeprofitable.PASTPERFORMANCEISNOTINDICATIVEOFFUTUREPERFORMANCE,FUTURERETURNSARENOTGUARANTEED.

ARKInvestmentManagementLLC.Thisisnotarecommendationinrelationtoanynamedparticularsecurities/cryptocurrenciesandnowarrantyorguaranteeisprovided.Anyreferencestoparticular

ARK’SBigIdeas2025

RisksOfInvestingInInnovation

Pleasenote:CompaniesthatARKbelievesarecapitalizingondisruptiveinnovationanddevelopingtechnologiestodisplaceolder

technologiesorcreatenewmarketsmaynotinfactdoso.ARKaimstoeducateinvestorsandseekstosizethepotentialinvestment

opportunity,notingthatrisksanduncertaintiesmayimpactourprojectionsandresearchmodels.Investorsshouldusethecontent

presentedforinformationalpurposesonly,andbeawareofmarketrisk,disruptiveinnovationrisk,regulatoryrisk,andrisksrelatedtocertaininnovationareas.

Pleasereadriskdisclosurecarefully.

RISKOFINVESTING

RISKOFINVESTINGININNOVATION

RAPIDPACEOFCHANGE

EXPOSUREACROSSSECTORSANDMARKETCAP

UNCERTAINTYANDUNKNOWNS

DISRUPTIVE

DISRUPTIVEINNOVATION

REGULATORYHURDLE