Cathie Wood Keeps ‘Open Mind’ on China Shares After Dumping Them
- Expects to find ‘interesting companies’ in innovation space
- Wood spoke in webinar after firm reduced Chinese holdings
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Cathie Wood said valuations of Chinese stocks will likely remain depressed for a while, but she isn’t shutting the door on them.
“So is China now uninvestable?” the head of Ark Investment Management said on a webinar hosted by the firm Tuesday. “Well, I would say in any of the areas that we’re looking at right now, the multiple structure, the valuation structure of those companies is down and probably not going to come back very quickly, may even go down more.”