But assuming it is: How would you even call it, and how would you describe your methodology in the prospectus? "Tech 100 (compare with e.g. NASDAQ)"?
Spacex will be around 4.5% of the index [2].
If you believe the thesis of the article that Spacex is about 30% overvalued, and if the only advantage your fund manager has over the rest of the market is that they will avoid Spacex, they will save you 1% of your money over the lifetime of your investment. Assuming you're saving for retirement in 30 years time, the fees will cost you 15% or more.
Maybe your fund manager finds a Spacex-level mispricing every two years. In that case, they're worth the fees. Some people will tell you nobody can beat the market. My employer among others believes very strongly in the idea that some people do make better investment decisions than average. What is certainly true is that not everyone does.
[0] https://helpcenter.ark-funds.com/what-is-the-fee-structure-e...
[1] https://www.invesco.com/qqq-etf/en/home.html
[2] https://www.fool.com/investing/2026/04/01/how-the-spacex-cou...
Does that article say that? I didn't see "4.5xm" mentioned anywhere. Also jow does QQQ do float adjusting? Will it do the same 5x that we're hearing nasdaq is going to do? (Which would make it what, <1%?). Or something else?
Of course some do. After all, that's what makes an "average".
Some people are taller than average, too!
