Cathie Wood's popular ARK funds are experiencing significant outflows, with investors withdrawing large sums following a 72% decline in her flagship fund. The suite of ARK ETFs has seen net outflows of $2.2B so far this year, triple the outflows in 2023, leading to a total AUM decline of 81% from its peak in 2021.
ARKK’s Problem Was Outperformance https://t.co/n2Bd3p2THq $ARKK
The suite of ARK ETFs has seen net outflows of $2.2B so far this year, which is about triple the outflows seen in all of 2023. $ARKK $ARKW $ARKB Combined AUM stands at $11.1B, down 81% from its peak of $59B in 2021. https://t.co/sSVso1QiwW
Friends, there are many ignorant people on fin social media. The problem of $ARKK @ArkkDaily and @CathieDWood was not underperformance but massive outperformance in 2022, with many greedy investors buying near the top. Read here: https://t.co/n2Bd3p2THq
Friends, there are many ignorant people in fin social media. The problem of $ARKK @ArkkDaily and @CathieDWood was not underperformance but massive outperformance in 2022, with many greedy investors buying near the top. Read here: https://t.co/n2Bd3p2THq
Cathie Wood was the poster child for the Exponential Age foresight. Bizarrely, she is the poster child for exponential losses
Cathie Wood Destroyed More Wealth Than Any Asset Manager Over the Previous Decade: https://t.co/19jYgqmh25 by @MishGEA $ARK $TSLA https://t.co/tjq9DINFPO
Investors are ramping up their exits from Cathie Wood's ARK after an epic 72% decline in her flagship fund https://t.co/tMHhBOMi7f
"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