Anti-Ark ETF Plan Caps a Bad Stretch for Cathie Wood’s Funds
- ARKK drops 8.2% in July, worst month since pandemic selloff
- Tuttle Capital to manage SARK, fund delivering inverse return
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A new ETF designed to bet directly against Cathie Wood’s flagship fund comes not a moment too soon for her growing band of skeptics.
All eight of the exchange-traded funds at Wood’s Ark Investment Management dropped in July and almost all have seen net outflows, with a day’s data still to be gathered.