After more than a year, "Sister Wood" is once again optimistic about the Japanese technology giant LY
On December 26, according to data compiled by Bloomberg,ARKF**, managed by "Sister Wood", a well-known Wall Street investor and CEO of ARK Invest, bought a total of about 1.71 million shares of LY last Thursday and Friday. And before that, for the first four quarters to September, ARKF had been **ly Inc.
LY is the operator of the messaging software LINE and Yahoo JapanThe majority stake in LY is held by a joint venture between SoftBank and South Korea's N**er. With the help of strong quarterly results, LY's share price has climbed over the past two months. Ly's share price on Tuesday **247%, erasing earlier declines.
Compared to the Nasdaq-100, ARKF** is on track for its best year since 2020. The data shows that the ARKF** has risen nearly 95% year-to-date, while the Nasdaq 100 index has gained 54% this year**. Currently, the ** heavy stocks include Coinbase, Block and Shopify, of which Coinbase's share price has risen by 422% this year.
In addition, another **arkk managed by "Sister Wood" has also returned as much as 74% this year. She attributes this success to a focused investment strategy that has been "hand-picked"** during market downturns. Now, as the market stabilizes, ARK is diversifying its portfolio to focus more on the IPO market. Due to the clearer outlook, ARK has also increased its holdings of a portion of the previously sold **.
It is worth mentioning that with the Nikkei 225 Index and the Topix Index both hitting 33-year highs during the year, Japanese stocks have undoubtedly become a beautiful landscape in the Asian and even global markets during the year. Both Japanese benchmark indices are up more than 20% year-to-date, outperforming most indices in the rest of Asia.
According to data compiled by the Tokyo** Stock Exchange, as of November, overseas investors were net sellers of Japanese stocks for only three months this year, and the other eight months showed inflows.
Note: In March 2021, LINE and Yahoo merged to provide web-based services such as advertising, e-commerce, and finance, and aim to achieve sales of 2 trillion yen (currently about 100.4 billion yuan) by fiscal 2023. Subsequently, on October 1 this year, LINE officially announced its name as LY Corporation (the initials of LINE and Yahoo).