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Cathie Wood Readies New Fund While Ark’s Rough Year Gets Worse

  • ARK Transparency ETF is set to launch any time from Wednesday
  • Ark products have tumbled amid a selloff in unprofitable tech
Cathie Wood
Cathie WoodPhotographer: Kyle Grillot/Bloomberg

Cathie Wood is preparing to launch only her second new U.S. exchange-traded fund in almost three years this week, just as her existing lineup is lashed by tech-led market turmoil.

The ARK Transparency ETF (ticker CTRU) will be ARK Investment Management LLC’s ninth ETF and the third to track an index. The fund is expected to begin trading on Wednesday, according to the firm’s website.