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Cathie Wood’s ARKK Saw Biggest Inflow Since May Before 9% Rally

  • Investors poured $323 million into fund at end of last week
  • Wood has argued that deflation is greater risk than inflation
Updated on

Fortuitous investors who flocked to Cathie Wood’s flagship fund at the end of last week got in before a big rally.

The $9.2 billion Ark Innovation ETF (ticker ARKK) saw a $323 million inflow Friday, the most since May, according to the latest data compiled by Bloomberg. On the following trading day, the fund soared 9.1%, the biggest rally in two months.