Cathie Wood’s Ark Is Still Setting the Pace in Thematic ETF Boom
- Main Ark fund leads record month of inflows despite slow week
- Solar funds thriving as ESG segment posts best-ever month
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It’s a measure of Cathie Wood’s popularity that the main fund at Ark Investment Management saw money exit last week and still had the greatest inflows for any U.S. thematic exchange-traded fund in January.
In fact, thematic ETFs enjoyed their best month on record, according to data compiled by Bloomberg, with $15 billion poured into the breed, which focuses on specific market niches like e-commerce, genomics and sports betting. The $23 billion ARK Innovation ETF (ticker ARKK) topped the list by adding more than $3 billion.