Today news
About the same in other media
All of the stocks in Cathie Wood's Ark Innovation fund are in a bear market except 2
Reading now: 765
cnbc.comIt's been a dismal week for Cathie Wood's flagship fund, Ark Innovation, that's left nearly all of her holdings in bear market.
Wood's main exchange-traded fund, which trades under ticker ARKK, is down more than 12% this week, on pace of its worst week since February. Ark Innovation is down 6% on Friday.
The painful losses have left all but 2 of Wood's constituents more than 20% off their recent high, meaning they are in a bear market.
Just Trimble and Tesla are less than 20% from their high, but the pair are both more than 10% from their 52-week records. Berkeley Lights, Proto Labs and Skillz are all more than 80% below their 52-week highs.
Wood spoke to CNBC this week and kept her conviction in Ark's strategies, which focus on
Read more on cnbc.comAbout this in other media
Cathie Wood on Tesla, Twitter and Ark Invest's new Transparency ETF cnbc.com /3 years ago
Law Decoded: Bitcoin exchange-traded funds are put on the spot again, Nov. 29–Dec. 6 cointelegraph.com /3 years ago
Bank of International Settlement calls the rise of decentralized finance 'an illusion' in latest quarterly review cointelegraph.com /3 years ago
Show more
The website finance-news.co is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
