Cathie Wood Storms Back as ARKK, Space Fund Lure $1 Billion
Flagship ETF adds $717 million as new fund gets $281 million
ARKX’s debut on Tuesday ranks among top 10 best ETF starts
WATCH: Cathie Wood, founder, CEO and CIO at Ark Investment Management, discusses the bull market, Tesla Inc's dip and her confidence in retail investors.(Source: Bloomberg)
A pair of Cathie Wood exchange-traded funds added around $1 billion in a single day this week in an emphatic display of investor loyalty toward the famed Ark Investment Management founder.
The flagship Ark Innovation ETF (ticker ARKK) took in a record $717 million on Tuesday, while the Ark Space Exploration and Innovation fund (ARKX) absorbed $281 million on its debut, according to data compiled by Bloomberg.
