Cathie Wood’s latest market update was filled with prognostications about markets and sectors, which presumably are incorporated into the management of her firm’s actively managed ETFs, including its flagship fund, the Ark Innovation ETF (ARKK).
Her funds, which had extraordinary growth last year — almost all more than doubled their assets — are underperforming this year. ARKK is down almost 10% year-to-date.
Ark has also lent its name to two Bitcoin ETF filings submitted Wednesday to the Securities and Exchange Commission: the ARK 21Shares Bitcoin ETF and the ARK 21Shares Bitcoin Futures Strategy ETF. It will provide marketing services to the ETFs if and when they come to market.
In the gallery above are some of Wood’s key predictions from the the Ark Invest monthly update.
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