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Cathie Wood’s Flagship Ark Fund Misses Out on Year-End Rally

  • ARK Innovation ETF fell 1.7% Monday, while Nasdaq index rose
  • Fund is on track for worst year since its inception in 2014
Cathy Wood

Cathy Wood

Photographer: Kyle Grillot/Bloomberg

Cathie Wood’s ARK Innovation ETF is missing out on the year-end rally on Wall Street.

U.S. stocks are coming to the end of 2021 on a high note, despite rising coronavirus cases, with the benchmark S&P 500 index gaining 1.4% on Monday while the technology-focused Nasdaq 100 index rose 1.6%. Wood’s ARK Innovation ETF, meanwhile, declined 1.7% -- further cementing the fund’s underperformance this year.