Cathie Wood sees these two trends as the next important things after electric vehicles

Cathie Wood of Ark Invest said digital portfolios and genomics are the two most important disruption trends after Tesla and electric vehicles.

“We’re very excited about digital portfolios,” Wood said on Tuesday on CNBC’s “The News with Shepard Smith”. “We really believe that these digital portfolios and two-sided markets, retailers and consumers … will usurp a lot of the role that banks play today.”

Wood – CIO and CEO of Ark Investment Management – has earned a reputation for investing in “disruptive innovation” stocks. According to FactSet, Wood’s flagship fund, ARK Innovation, recorded more than $ 16.7 billion flooded into the fund last year.

Wood has big bets on names like Square and PayPal, which dominate the digital wallet space. Square is Ark Innovation’s second largest stake, accounting for more than 7% of the ETF.

In China, Wood said WeChat Pay and AliPay are the main players.

“It’s going to be digital, it’s mobile. A small bank branch in your pocket,” Wood said. “We will have all kinds of financial services available, including loans, debit cards, credit cards, stock purchases and bitcoin purchases.”

Elsewhere, Wood said the genomics space is also configured to achieve escape velocity.

“DNA sequencing will introduce science for the first time in health decision-making,” Wood said. “We can honestly say that so far more than half of all health decisions were made somewhere through assumptions or experiences. Now we will have the data.”

ARK’s Genomics ETF has big bets for Exact Sciences, which accounts for almost 5% of the ETF, and for Guests. CRISPR Therapeutics is another major stake in the ETF.

“We will be able to cure diseases we never thought would be possible to cure, including cancer,” Wood said.

Shares of ARK Innovation are up 2.5% this year and shares of ARK Genomic Revolution are up less than 1% in 2021.