Cathie Wood’s Popular Touch Deserts Her in ARK Flows, Venture Fund
- Most ARK funds are beating the market, but flows have stalled
- After tepid demand, Wood’s new venture fund waived some fees
Catherine Wood
Photographer: Kyle Grillot/BloombergThis article is for subscribers only.
There was a time when investors would send money into Cathie Wood’s funds even when they were struggling. This year, even as ARK Investment Management roars back, the flows are notable by their absence.
All but one US-listed ARK exchange-traded fund, the flagship ARK Innovation Fund (ticker ARKK), have seen outflows in 2023, despite the fact that most funds have at least matched — and in some cases trounced — the performance of the S&P 500 Index, according to data compiled by Bloomberg.