Summary
IZRL Chart
IZRL: Amid War, Innovation Continues Driving This Microcap ETF
IZRL remains a long-term buy, offering exposure to Israel's innovative tech ecosystem and microcap growth potential, akin to a venture capital basket. The ETF's equal-weighted, microcap-heavy portfolio is undervalued compared to global growth peers, with a forward P/E of 20x and strong earnings growth outlook. Technical analysis shows IZRL is nearing a breakout, supporting my conviction in its 3-year comeback and potential for outsized returns versus US microcap ETFs.
IZRL: This Innovation-Focused ETF Lags Broader Israeli Stock Market
IZRL aims to capture returns from Israeli companies driving disruptive innovation across multiple sectors, but its strategy has underperformed since inception. The fund's investment thesis overstates Israel's innovation edge compared to global peers, limiting its appeal as a unique innovation play. IZRL's equal-weight structure and simplistic stock selection dilute exposure to true Israeli innovation leaders, weakening its effectiveness.
IZRL: Better Than ARKK
ARK Israel Innovative Technology ETF seeks to track the disruptive innovation originating from Israel's tech sector. The fund has a well-diversified portfolio, with no position making up more than 2.69% of the fund. IZRL is highly concentrated in the information tech sector and offers exposure to various aspects of disruptive innovation.
Ark Israel Innovative Technology ETF Investors
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
| JD Jim Dushek HARBOUR INVESTMENTS Inc. | 132 | $3,863.64 | $4,084.08 | $220.44 | 5.71% |
| SE Sima Elimelech Activest Wealth Management | 1,108 | $21,618.18 | $34,199.53 | $12,581.35 | 58.2% |
| CAL CoreCap Advisors LLC CoreCap Advisors LLC | 494 | $13,421.98 | $15,232.49 | $1,810.51 | 13.49% |
 Michael Byun SageView Advisory Group LLC | 10 | $311 | $308.66 | -$2.34 | -0.75% |
 Lukas Lindgren Abound Wealth Management | 159 | $4,753 | $4,900.38 | $147.38 | 3.1% |
Ark Israel Innovative Technology ETF (IZRL) FAQ
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Ark Israel Innovative Technology ETF Profile
| BATS Exchange | US Country |
Overview
The presented company operates as an investment fund, primarily focusing on allocating its assets towards securities that are significantly incorporated into its benchmark index. The core investment strategy revolves around dedicating at least 80% of its total assets to securities listed within the fund's benchmark index, depositary receipts that represent securities within the index, or underlying stocks in respect to depositary receipts that are indexed. The benchmark index itself is comprised of equity securities and depositary receipts of exchange-listed companies that have been incorporated and/or are domiciled in Israel, categorizing these entities as "Israeli Companies." This investment approach outlines a concentration in a specific geographical domain, aiming to leverage the economic and corporate growth within Israel. Notably, the fund adopts a non-diversified investment strategy, suggesting a focused portfolio that may consist of a limited number of investments or sectors.
Products and Services
- Securities Investment
The fund actively invests in a broad spectrum of securities that are an integral part of its benchmark index. This includes directly investing in equity securities of companies listed on exchanges and that are either incorporated or domiciled in Israel. By focusing on securities from a predefined index, the fund aims to mirror the performance of its benchmark, capitalizing on the growth and returns of Israeli companies across various sectors.
- Depositary Receipts
In addition to direct security investments, the fund engages in purchasing depositary receipts. These receipts represent securities included in the fund’s benchmark index, or underlying stocks in respect of depositary receipts that are included in the index. This method provides the fund with a diversified manner of gaining exposure to Israeli companies without the necessity of direct stock purchases, potentially mitigating certain risks associated with direct equity investments.
