Cathie Wood's ARK Investment Management has experienced significant financial setbacks, with its actively managed exchange-traded funds losing investors a collective $14.3 billion over the past decade, marking the largest wealth destruction by any asset manager in that period. This year alone, investors have withdrawn a net $2.2 billion from these funds. The funds, which gained popularity by making bold bets on disruptive technologies like Tesla and Zoom, saw their biggest inflows around the peak of the innovation fund in February 2021, a timing that proved unfortunate for many investors.
Investors have pulled a net $2.2 billion from the six actively managed exchange-traded funds at Cathie Wood’s ARK Investment Management this year https://t.co/PwHTtPIFs1 via @WSJ
“By the end of last year, ARK funds had destroyed more wealth than any other asset manager over the previous decade, losing investors a collective $14.3 billion, according to Morningstar.” https://t.co/ozDdvBAfeM
Investors have pulled a net $2.2 billion from ARK's, $ARKK, active funds this year, per WSJ.
"ARK’s biggest inflows came in the months surrounding the innovation fund’s February 2021 peak, unfortunate timing for many investors" please see my pinned tweet https://t.co/F3xhbbpK2D via @WSJ
CATHIE WOOD’S POPULAR ARK FUNDS ARE SINKING FAST - WSJ
❖ CATHIE WOOD’S POPULAR ARK FUNDS ARE SINKING FAST They rushed into her funds and won big during the pandemic, when the star fund manager became a social-media sensation by making bold bets on disruptive technology stocks such as Tesla, Zoom Video Communications and Roku. They…
“.. a withdrawal that dwarfs the outflows in all of 2023.” @WSJ $ARKK https://t.co/UwwekYvYsL https://t.co/zs339NmGg0
WSJ: Popular $ARKK Funds Are Sinking Fast > Someone tell @CNBC now… Excerpt: By the end of last year, ARK funds had destroyed more wealth than any other asset manager over the previous decade, losing investors a collective $14.3 billion, according to Morningstar . ARK’s… https://t.co/SPINY2msCA