Reported 8 months ago
Cathie Wood, the renowned head of Ark Investment Management, is known for her impressive 153% return in 2020 but has since struggled with her flagship Ark Innovation ETF, producing negative annualized returns for the past few years. Wood's investment philosophy revolves around high-tech emerging companies in categories like AI and blockchain, but her performance falls short of her goal, raising questions about her forecasting talent and risk management. Despite defending her strategy, Wood faced net outflows as Ark Innovation's value fluctuated, prompting sales of tech stocks like Zoom Video Communications to protect against further drops.
Source: YAHOO