From Wednesday’s
Wall Street Journal:
”Investors have pulled a net $2.2 billion from the six actively managed exchange-traded funds at her ARK Investment Management this year, a withdrawal that dwarfs the outflows in all of 2023. Total assets in those funds have dropped 30% in less than four months to $11.1 billion—after peaking at $59 billion in early 2021, when ARK was the world’s largest active ETF manager. “ARK (ARK Innovation ETF) is down 15.85% YTD after gaining 67% + in 2023 (
Morningstar)
(requires subscription)
https://www.wsj.com/finance/investing/ark-funds-cathie-wood-investors-56e2950c?st=ezyihgf7p1r7b9u&reflink=article_copyURL_share“Long-term” investors? Or GTHOOH?
Comments
Get your popcorn ready, we'll see what happens...who know, for certain I do not....
Later on states: ”By the end of last year, ARK funds had destroyed more wealth than any other asset manager over the previous decade, losing investors a collective $14.3 billion, according to Morningstar.”
Thanks for the
insiderinformed take on the markets. Could well be the case.https://www.morningstar.com/funds/15-funds-that-have-destroyed-most-wealth-over-past-decade