Ark Drops Out of Top 10 ETF Issuers as ‘Shiny’ Lure Fades
- Flagship fund down over 6% this year after a 149% gain in 2020
- Newcomer Dimensional is gaining ground on Cathie Wood’s firm
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After vaulting up the ranks of the U.S. exchange-traded fund leaderboard, Ark Investment Management is starting to slip.
With about $42.4 billion in its ETFs, Cathie Wood’s firm now ranks as the 11th largest issuer by assets, according to Bloomberg Intelligence data.