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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]
Many of these prospects have performed well (even if erratically) during their history too. In fact, most of Ark's funds outright soared when the market began bouncing back from its pandemic ...
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. [22]
When SARK launched in November 2021, ARKK had a short interest of 17.3%, up from 2% in early 2021, indicating negative sentiment for the portfolio. Matthew Tuttle, CEO of Tuttle Capital Management, argued that the company's ETF was superior to short selling ARKK because it allows investors to avoid short squeezes and margin calls. [1]
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 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 ...
This is a table of notable American exchange-traded funds, or ETFs.As of 2020, the number of exchange-traded funds worldwide was over 7,600, [1] representing about 7.74 trillion U.S. dollars in assets. [2]
Despite her flagship fund, the ARK Innovation ETF (ARKK), down 45% year-over-year, ARK Invest CEO Cathie Wood’s conviction of the strategy has only increased. “Our expectation has tripled over ...