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Market watchers were taken aback when Cathie Wood’s flagship Ark fund fell 24% in 2021. This year, the widely popular ETF logged an even bigger loss in just the first quarter alone.
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 ...
Cathie Wood even says as much herself. In a recent letter penned to Ark's fund owners, Wood concedes "Ark's strategies, beginning with ARKK, have paid the dues associated with higher interest ...
ARK Investment Management LLC (commonly referred to as "ARK" or "ARK Invest") is an American investment management firm based in St. Petersburg, Florida, that manages several actively managed exchange-traded funds (ETFs). [3] It was founded by Cathie Wood in 2014.
Cathie Wood's ARK funds really started to pick up speed last year, especially the ARK Next Generation Internet ETF (NYSEARCA:ARKW), which clocked in a nearly 50% gain last year, crushing the S&P ...
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 ...
Cathie Wood's ARK Invest offers several popular exchange-traded funds (ETFs), and they tend to be rather concentrated, with all of them holding three dozen or fewer stocks. The banking innovator ...