Cathie Wood Worst Stock Investments

Cathie Wood Worst Stock Investments

Cathie Wood Worst Stock Investments. Cathie Wood of ARK Investment Management. The stock market. In 2020, as the pandemic pummeled investors, Ark flagship ARK Innovation ETF NYSE: ARKK returned more than 152% and Wood was certainly hailed for backing innovation with capital and making loads of money in the process. Wood had founded ARK in 2014, turning into one of the most successful hedge funds on Wall Street before the decade was over. At the end of September 2021, ARK had a portfolio value of over $41 billion. The past few years have also been characterized by soaring valuations and larger appetites for riskier money management. As inflation has increased, the share prices of the companies that operate in high-growth sectors have dropped drastically. Wood After the highs of 2020, her flagship fund dropped 24% in 2021. In the first few weeks of 2022, it is down a staggering 20%.

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About the Author: Chaz Cutler

My name is Chasity. I love to follow the stock market and financial news!