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The flagship exchange-traded fund of ARK Invest has fallen to its lowest level in five years after cryptoworld’s latest crisis sent risk assets into a tailspin this week.
Despite a 68 percent gain in 2023, the Ark Innovation ETF is down about 9.5 percent year-to-date as of Oct. 16, 2024. The fund’s concentration in high-risk, high-reward stocks is a key factor ...
The average stock in Cathie Wood's Ark Innovation ETF is down 70% from five-year highs, though its largest holding — Tesla — has logged the smallest loss.
The flagship ARK Innovation ETF has received accolades for its performance in 2017, 2020 and 2023, but is also considered by Morningstar to be the third highest "wealth destroyer" investment fund from 2014–2023, losing US$7.1 billion of shareholder value in ten years. [44] The ARK Innovation ETF was down 24% for the year 2021. [45]
In 2023, ARKK was the top-performing actively traded U.S. diversified ETF. [20] However, ARKK fell 24% in 2021 and, in the first quarter of 2022, it was the worst performer among equity funds covered by Morningstar, Inc. [ 21 ] For the 10 years ended December 31, 2023, it generated a 122% return, less than half of the Nasdaq-100 's 330% return.
Note that obtaining 2x the daily returns for one year does not imply that one will receive double the annual returns of an index). [ citation needed ] On August 18, 2009 the U.S. Securities and Exchange Commission issued a warning to investors that leveraged exchange-traded funds could lead to big losses even if the market index or benchmark ...
Swings higher across battered and bruised technology stocks that faltered last year are making January’s price look a lot like 2021’s rally. ... advanced 5.5%. ARKK has ... For the year, Tesla ...
Last week, ARK Invest’s founder Cathie Wood announced a $3,000 target price on Tesla (NASDAQ:TSLA) stock. Shares of the electric vehicle (EV) maker bounced almost 8% on the news, adding $50 ...
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