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Cathie Wood’s ARKK Lures Almost $1 Billion Even as ETF Sells Off

  • Investors keep pouring in cash while fund extends losses
  • ‘It’s opportunistic investing,’ says TIAA’s Chris Gaffney
Catherine Wood

Catherine Wood

Photographer: Kyle Grillot/Bloomberg

Cathie Wood’s flagship exchange-traded fund is down almost 40% this year. Some investors, though, are piling in -- wary of missing out on potential gains should the tide turn in its favor. 

The $11 billion ARK Innovation ETF (ticker ARKK) is on track to see its fifth straight week of inflows totaling roughly $1.3 billion, according to data compiled by Bloomberg. Traders have added money to the fund for three consecutive months now, the longest such streak in a year, with a net intake of $965 million for 2022 so far.