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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]
In 2020, her flagship ARK Innovation exchange-traded fund (ETF) was the top-performing global equity fund with at least $1 billion of assets, [3] and Wood was subsequently named the best stock picker of 2020 by Bloomberg News editor-in-chief emeritus Matthew A. Winkler. [19]
Additionally, according to the Ark Innovation ETF factsheet, as of Sept. 30, 2024, 70 percent of the fund’s holdings are in either large-cap or mega-cap stocks — companies valued at $10 ...
Its biggest holdings right now are EV maker Tesla, streaming technology outfit Roku, ... In a recent letter penned to Ark's fund owners, Wood concedes "Ark's strategies, beginning with ARKK, have ...
Cathie Wood’s ARK Invest is inviting retail investors to bet on Tesla CEO Elon Musk’s private ... is 15% exposure to Musk’s non-public companies. The fund’s holdings include a 12.7% stake ...
Data source: Ark Invest. As of 8/30/2024. These top five holdings make up about 34% of the fund's assets. To be perfectly clear, the fund's goal is to deliver outsize returns, and that means ...
Wood profited from riding a number of this year's big winners, including Coinbase and Tesla, but her overall portfolio has a profitability problem.
The move marks ARK’s first-ever fund closure. ... Wood’s transparency-focused fund, which began trading December 8, 2021, was down 33% year-to-date as of Tuesday’s close. The fund was ...