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ETF Winner Of 1H17 And Its Top 5 Stocks

Despite the recent turmoil, the technology sector continues to be investors’ hot favorite and is the clear winner so far. That said, ARK Innovation ETF (ARKK - Free Report) has topped the list of the best-performing ETFs of the first half of 2017, with impressive returns of about 45.7% (read: Is the Tech Rout Overstated? Buy 3 Stocks & ETFs on the Dip).

The impressive rally was mainly driven by encouraging industry fundamentals and the emergence of new technology such as cloud computing, big data, Internet of Things, wearables, drones, virtual reality devices and artificial intelligence. The dual tailwinds of a rising interest rate scenario and Trump’s proposed corporate tax reform, which could allow companies to bring back cash being held overseas at lower rates, have added to the strength.

Additionally, the surge in bitcoin prices is a big boon for this disruptive-companies focused ETF. Bitcoin, commonly known as a cryptocurrency, is a digital or virtual currency that uses peer-to-peer technology to facilitate instant payments. The digital currency has been benefiting from geopolitical uncertainty across the globe.

Further, the healthcare stocks have made an impressive comeback this year after being badly hit by regulatory and drug pricing issues. In fact, the shift in investors’ sentiment to defensive sectors like healthcare, which generally outperform during periods of low growth and high uncertainty, contributed the most to the strength in the ETF lately.

Let’s take a closer look at the fundamentals of ARKK.

ARKK in Focus

This is an actively managed fund focusing on companies that are expected to benefit from the development of new...