Pass on this ETF

Article Excerpt

3D PRINTING ETF $37.34 (New York symbol PRNT) invests in publicly listed companies involved in the production and distribution of hardware, software and other materials related to 3-dimensional printing. The fund aims to track the Total 3D-Printing Index. The manager of the ETF, ARK Invest, believes that there is room for considerable growth in the 3D printing industry, with commercial applications ranging from shoe making, aviation and medical devices. The ETF holds 47 companies; while most are big firms, there are some small caps. The fund’s top 10 make up 52% of assets. They include 3D Systems Inc. (7.8%), Straumann Holding AG (6.0%), Altair Engineering Inc. 5.0%), The Exone Co. (5.0%), Dassault Systemes SE (5.0%), Microsoft Corp. (4.8%), SLM Solutions Group (4.8%), Trimble (4.5%), Autodesk (4.4%) and PTC Inc. (4.4%). This fund launched July 19, 2016, and has so far attract some investor interest. Still, the result is a somewhat modest asset size of $556 million. In addition, the MER is…