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Ark Innovation ETF’s dependence on interest rate forecasts undermine stockpicking reputation
The amount the funds were owed rose to C$2.54mn by June 2022 from C$1.12mn at the end of 2021
Investors have largely remained loyal to highly volatile ETF even though it has fallen nearly three-quarters from its peak
The fund will be run by Ark in line with its flagship ETF ARKK, which lost about 65% last year, but jumped 30% in January
Flagship innovation strategy represents ‘canary in the coal mine’ for regime shift in markets, says Morningstar
Style drift FTW
Move is the group’s third shake-up of leading roles at the company in three months
Shares in the ETF plunged more than 50% in first half of 2022
Roy Keane eat your heart out.
Plus, writedowns on Russian assets, commodities price shock, and Louise Bourgeois at the Hayward Gallery
Research finds tailored funds have a poor record of returns despite their strategies’ appeal
A year ago, she managed more than $60bn. Now she faces the toughest battle of her career
Overstating promise of emerging field threatens to skew valuations and progress in biotech sector
Ark Invest founder’s flagship fund is down 27% this year
Berkshire Hathaway’s shares have climbed as Ark’s flagship fund is hit by the growth-to-value rotation
. . . even after a near 50 per cent drawdown.
Selling by executives and founders of portfolio groups comes at fraught moment for speculative tech shares
ETF slumps 9% following painful run last year as investors pull more than $300m this year
ETPs offering leveraged and inverse exposure are being launched just as Cathie Wood’s funds start to creak
Plus, the next quant revolution, the sell-off in silliness, and Kehinde Wiley at the National Gallery
Concentrated bets on disruptive companies have left the pioneering ETF company vulnerable as sentiment shifts
Star manager’s flagship fund has fallen by a quarter this year as investors ditch tech stocks
So, what does Cathie Wood say now?
Short seller bets against ARKK deliver returns of more than 9% in one month
Asset manager joins growing number of firms trading New York for warmer weather and lower taxes
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