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Cathie Wood’s Ark Joins Top 10 ETFs With Tesla-Heavy Fund

  • Firm currently manages $41.5 billion following banner year
  • Ark takes the spot from WisdomTree in $5.5 trillion industry
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Cathie Wood’s Ark Investment Management is now among the top 10 issuers in the $5.5 trillion exchange-traded fund industry, taking the spot from WisdomTree.

After a torrent of inflows in 2020, the once-niche firm now oversees about $41.5 billion in ETF products, compared with $39.7 billion for WisdomTree, according to data compiled by Bloomberg. It’s the latest achievement in Ark’s wildly successful ascent amid a flood of demand for the innovative companies in its funds, such as Tesla Inc. This time last year, Ark had less than $3.5 billion in total assets.