Cathie Wood's new fund gives small investors access to the VC market for just $500

Cathie Wood's Ark Invest launched a caller task superior fund, targeting idiosyncratic investors with a minimum concern of conscionable $500.

The actively managed ARK Venture Fund invests successful 70% backstage companies and 30% nationalist firms focused connected technologically enabled innovation, and selectively successful different task superior funds, the institution said Tuesday. The money is disposable to idiosyncratic investors initially done investing app Titan, a startup backed by Andreessen Horowitz.

"We are doubling down connected innovation," Wood said successful an interrogation connected CNBC's "Squawk Box" Tuesday. "Ark is moving from societal media and societal selling into societal distribution, nonstop to consumer. Pretty exciting. We are offering investors thing they've not been capable to entree before."

The ARK Venture Fund charges a level absorption interest of 2.75%, and does not complaint immoderate carried involvement oregon load fees. The full disbursal ratio of the money is estimated to beryllium 4.22%, Ark said.

Ark's flagship Innovation Fund (ARKK) has been nether h2o each twelvemonth arsenic Wood's disruptive darlings person been immoderate of the biggest victims of rising involvement rates. ARKK is down 60% this twelvemonth and disconnected 70% of its 52-week precocious successful November.