Cathie Wood Flagship Sees Highest Quarterly Outflow on Record
Cathie Wood
Photographer: Alex Flynn/Bloomberg
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With markets becoming increasingly risk averse, one of the first places investors are turning their back on is high growth tech stocks.
Cathie Wood’s flagship, the ARK Innovation ETF (ticker ARKK), has almost certainly just recorded its biggest ever quarter of outflows, with about $1.97 billion leaving the popular exchange-traded fund through to late September.