Reported 9 days ago
Cathie Wood, the head of Ark Investment Management, has made notable purchases this week, including large-cap tech stocks Amazon and PayPal. While Wood's investment strategy, which focuses on high-growth tech and emerging companies, has faced criticism for inconsistency, she continues to maintain confidence in her approach, believing these sectors will drive transformative change. Her Ark Innovation ETF has experienced significant capital outflows recently, but she asserts that potential market shifts could revive her fund's performance.
Source: YAHOO