Star investor Cathie Wood, who runs a suite of popular ETFs in Ark Investment Management, says that there's no reason to fear that the market is becoming too...
There’a growing sense of unease emanating from equity markets in recent trade, despite, and perhaps because, of the Dow Jones Industrial Average and the S&P 500 index trading near record heights.
Her comments coming amid intensifying worries about a possible slowdown in economic growth as the delta variant of COVID-19 gathers momentum, creating headwinds for a fuller recovery from the pandemic that has gripped the globe for well over a year. Ark Innovation ETF ARKK, +1.71% is down 3.8% so far this week and has lost 7.3% in the year to date, badly underperforming the broader market and coming after the fund rang up one-year return of 149%, FactSet data show.
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