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How a Flood of Cash Swamped Cathie Wooden’s ARK

How a Flood of Cash Swamped Cathie Wooden’s ARK

Fund supervisor Cathie Wooden turned a celebrity in 2020, after her ARK exchange-traded funds earned a few of the highest returns in historical past.

Up to now this 12 months, ARK Innovation, the biggest of Ms. Wooden’s ETFs, is down greater than 15%. Over the previous 12 months, it has underperformed Invesco QQQ Belief, which tracks the technology-dominated Nasdaq-100 index, by a startling 65 proportion factors.

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