Reported about 1 year ago
Renowned fund manager Cathie Wood, known for her Ark Investment Management, has recently sold $11 million worth of a booming fintech stock. Despite her fame and impressive investment philosophy, Wood's Ark Innovation ETF's performance in the past years has been lackluster compared to the S&P 500. Wood's strategy involves investing in high-tech emerging companies in categories like AI, blockchain, and robotics, but Morningstar has criticized her forecasting talent. Despite some customer dissatisfaction and criticisms, Wood continues to make strategic trades, like selling Robinhood positions amid rising revenue concerns and a Wells Notice from the SEC.
Source: YAHOO