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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 ...
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.
It was founded by Cathie Wood in 2014. [ 4 ] [ 5 ] At the height of February 2021, the company had US$50 billion in assets under management . [ 6 ] As of October 2023 [update] , assets had dropped to $6.71 billion, after a period of poor performance.
Notably, the flagship ARK Innovation Funds (NYSEARCA:ARKK) is up 32% in the past year. Undoubtedly, these are relief gains that haven’t really clawed back all too […] Cathie Wood’s Top ...
ARKK was dragged down by sharp losses in some of its biggest holdings: streaming company Roku , which represented 6.5% of the fund as of March 30, lost more than 45% for the year-to-date; Zoom ...
The average holding in Ark Innovation (ARKK), Ark Investment Management’s namesake flagship exchange-traded fund, is currently down over 70% from its 5-year high.
Ark’s Cathie Wood lets retail investors bet on Elon Musk’s private startups and potentially profit from his proximity to Trump Marco Quiroz-Gutierrez Updated November 21, 2024 at 11:20 AM
Investors are pouring millions of dollars into Cathie Wood’s flagship Ark Invest fund despite its free-fall from pandemic highs. ... ARKK took in about $639 million in new investor cash during ...