Cathie Wood’s ARKK Lures Biggest Inflow Since 2021 Glory Days
- ARK Innovation ETF added $397 million in most recent data
- Tech-focused fund may benefit if Fed reverses on rate hikes
Cathie Wood
Photographer: Patrick T. Fallon/AFP/Getty ImagesThis article is for subscribers only.
Cathie Wood has received the biggest vote of investor confidence since her flagship strategy was near the peak of its popularity in the cheap-money era.
The ARK Innovation ETF (ticker ARKK) attracted $397 million of inflows on Friday, according to overnight data compiled by Bloomberg. That was the largest influx since April 2021 — a few weeks after the fund hit its all-time high in a year that saw investors pour in a whopping $9.6 billion in total.