ARK Next Generation Internet ETF, managed by ARK Investment Management LLC, focuses on investing in global public equity markets, particularly in the information technology and next-generation internet sectors. It targets companies poised to benefit from technological shifts towards cloud infrastructure, mobile, and local services, including those leveraging shared technology. The fund selects growth and value stocks across various market capitalizations, emphasizing socially responsible and environmentally friendly businesses. It uses a mix of fundamental and quantitative analysis, aiming to outperform the S&P 500 and MSCI World Indexes.