1、www.ark-ARKINVESTBIGDES-2022January 25,2022Annual Research Report|For Informational Purposes Onlysecurities/cryptocurrencies are for illustrative purposes only.Thereis no assurance that the Adviser will make any investments with the same or similarcharnacterisics as any investmenlresented.The reade2
2、DISCLOSURERisks of Investing in InnovationPlease note:Companies that ARK believes are capitalizing on disruptive innovation and developing technologies to displace older technologiesor create new markets may not in fact do so.ARK aims to educate investors and seeks to size the potential investment o
3、pportunity,noting that risksand uncertainties may impact our projections and research models.Investors should use the content presented for informational purposes only,and be aware of market risk,disruptive innovation risk,regulatory risk,and risks related to certain innovation areas.Please read ris
4、k disclosure carefully.RISK OF INVESTING IN INNOVATIONRapid Pace of ChangeRegulatory HurdlesExposure Across Sectors and Market CapDisruptivePolitical or Legal PressureInnovationUncertainty and UnknownsCompetitive LandscapeAim for a cross-sector understanding of technologyAim to understand the regula
5、tory,market,sector.and combine top-down and bottom-up research.and company risks.(See Risk and Disclosure Page)Source:ARK Investment Management LLC.20213.Disruptive InnovationBig Ideas 2022:Change ConvergenceWhen has investing not been about the future?Change appears to happen slowly and then all at
6、 once.Over time,innovation should displace industry incumbents,increaseefficiencies,and gain majority market share.With the rightunderstanding of disruptive innovation and a long-term timehorizon,we believe investors will capture exponential growthopportunities,which deserve a strategic allocation i
7、n theirportfolios.For this reason,ARK focuses on opportunities likely toscale as technologies converge,transforming entire industries.To enlighten investors on the impact of breakthrough technologieswe began publishing Big Ideas in 2017.This annual research reportseeks to highlight our most provocat
8、ive research conclusions forthe coming year.We hope you enjoy our Big Ideas for 2022.Forecasts are inherently Limited and cannot bebuy.sell or hold any particular security.Source:ARK Investment Management LLC 20214.Big Ideas 2022-ReportIntroduction5Gene Editing77Artificial Intelligence14Multi-Omics8
9、4Digital Consumers24Electric Vehicles93Digital Wallets30Autonomous Ride-Hail101Public Blockchains38Autonomous Logistics108Bitcoin443D Printing Robotics114Ethereum DeFi56Orbital Aerospace122Web366Source:ARK Investment Management LLC,20215 Introduction to Big ldeas 2022Technologies Are ConvergingMobil
10、e Connected DevicesBrett Winton,Director of ResearchGenome EditingDigital WalletsARKs research is centered around the belief that fiveinnovation platforms are evolving and converging atthe same time:Artificial Intelligence,Robotics,EnergyCloud ComputingGenome SequencingStorage,DNA Sequencing,and Blo
11、ckchain Technology.BlockchainloWe identified 14 transformative technologies that areapproaching tipping points as costs drop,unleashingdemand across sectors and geographies and spawningALiving Therapiesmore innovation.Battery TechnologyReusable RocketsWe believe that historians will look back on thi
12、s era asone of unprecedented technological foment-andRoboticsthey will say:everything changed.Autonomous MobilityNode Size:Log Prospective 2030 Market3D PrintingEdge Size:ARK Convergence ScoreColor:Innovation Platformand are not substantialn by negative exposure to innovation.Cryptoassets are likely to be increasingly considered a different asset class by many,comparisons between cryptoassetalues and equity market capitalization are cross-asset compansons.Numbers roundedSource:World Federation of Exchanges,ARK Investment Management LLC,2021.