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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]
Cathie Wood saw her investments rally in the second half of 2024 after a slow start. The co-founder, CEO, and primary stock picker for Ark Invest is hoping to jump ahead of the market early this year.
Cathie Wood of Ark Invest has been selling Palantir stock, despite it being the best-performing stock in the S&P 500 this year. ... (P/S) multiple of 60 is the highest among leading software-as-a ...
The company competes heavily with Joby Aviation, another position in Ark's portfolio -- and one that Wood also scooped up shares in around the same time as her recent Archer purchases. There ae ...
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, 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 24 October 2013, Muddy Waters released a report on NQ Mobile, a Chinese-based cybersecurity and mobile application company. Muddy Waters's research report claimed NQ Mobile had "fictitious" customers and revenues. In April 2015, the co-CEO of NQ Mobile, Omar Khan, stepped down after the stock had fallen nearly 84 percent. [8]
The Ark Next Generation Internet ETF's (NYSEMKT: ARKW) most recently reported annual turnover, for example, is 33%, meaning one-third of the portfolio's stocks have been swapped out for others ...