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Cathie Wood’s Asset Plunge Is Biggest Among ETF Issuers in 2022

  • Wood’s nine-fund lineup has seen assets collapse by 48%
  • Drawdown is a result of poor performance, not outflows
Bloomberg business news
Cathie Wood’s Flagship ETF Sees Outsized Gains Evaporate

Cathie Wood’s Ark Investment Management is suffering a steeper drop in assets than almost any other US exchange-traded fund issuer this year.

Ark’s lineup holds $15.3 billion across nine ETFs, a 48% decrease from the start of 2022, according to data compiled by Bloomberg Intelligence through June 1. That’s the biggest collapse in assets among the 25 largest US issuers.