Reported about 1 year ago
Cathie Wood, the head of Ark Investment Management, known for taking profits when her top stocks surge, recently unloaded 76,080 shares of Tesla worth $18.7 million. Wood's investment strategy involves purchasing emerging high-tech company stocks, but her flagship Ark Innovation ETF has shown less impressive long-term performance compared to the S&P 500. Despite supporters viewing her as a technology visionary, critics question her money managing abilities, as she aims for annual returns of at least 15% over five-year periods that her funds have fallen short of.
Source: YAHOO