Cathie Wood Feels Investors’ Pain, Foresees Gains

Popular money manager Cathie Wood of Ark Investment Management has seen her young-technology-stock funds hit the skids this year amid weak earnings.

Wood’s flagship Ark Innovation ETF  (ARKK) – Get Free Report has lost 68% in 2022 and is down 81% from its February 2021 peak.

The Ark chief executive has defended her strategy by noting that she has a five-year investment horizon. But the five-year annualized return of Ark Innovation totaled a negative 2.66% through Dec. 26, against the S&P 500’s positive return of 9.38%.

Source: https://www.thestreet.com/investing/cathie-wood-feels-investor-pain-sees-gains?puc=yahoo&cm_ven=YAHOO&yptr=yahoo