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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]
Perhaps first and foremost, although each of Ark's ETFs is industry-focused, Wood and Ark's fund managers aren't buying and holding stocks and then letting time do most of the heavy lifting.
Cathie Wood, the founder of investment management firm Ark Invest, is known for her aggressive bets on disruptive technologies. Her flagship fund, the Ark Innovation ETF (ARKK), made headlines in ...
The last few years have been tough on the speculative growth trade that Cathie Wood's Ark funds have focused on. Ark Invest's flagship fund realized $3.5 billion in losses in a year. Here were its ...
Wood profited from riding a number of this year's big winners, including Coinbase and Tesla, but her overall portfolio has a profitability problem.
Her flagship ARK Innovation exchange-traded fund (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.
Cathie Wood failed to repeat her stellar 2020 performance with ARK Invest funds in the first quarter, but the celebrity fund manager still managed to attract a steady pile of cash into her red-hot ...
The ARK Innovation ETF (NYSE: ARKK) has been a top market performer in 2020, gaining 169.7% year-to-date.Ark Investment and fund manager Cathie Wood have risen to superstardom on Wall Street this ...