Reported about 4 hours ago
Cathie Wood, CEO of Ark Investment Management, has made a significant investment of $15 million into major tech stocks, including Amazon and Meta Platforms, despite her primary focus on small- and mid-cap tech firms. This decision comes as investors remain divided on her investment strategies, which have seen mixed long-term performance compared to benchmarks like the S&P 500. Wood defends her commitment to disruptive innovation, noting that her funds might benefit as interest rates decline.
Source: YAHOO