Risk-Off Mood Undervalues Tech Stocks Ark Owns, Cathie Wood Says
- She sees risk in stock benchmarks, ‘not our portfolios’
- Touts Roku as ad platform, Roblox as best play of metaverse
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Cathie Wood said she’s running a “deep-value” portfolio of technology stocks that are undervalued relative to their potential.
“It’s risk-off because of inflation, interest rates,” pushing investors to the relative safety of benchmark index companies, the head of Ark Investment Management said in an interview on CNBC Thursday. “If we’re right and the disruptive innovation that is evolving is going to disintermediate, disrupt the traditional world order, those benchmarks are where the risk is, not our portfolios.”