CATHIE WOOD is the chief executive and chief investing officer of ARK Invest, whose exchange-traded funds have notched some of the best and worst returns in the market in recent years. The firm’s flagship fund, ARK Innovation, was an early investor in hot technology companies such as Tesla, Nvidia and Salesforce. It returned a blistering 153% in 2020, putting it in the top 1% of similar funds. Investors poured money in, making the fund the nation’s largest actively managed ETF, with nearly $28 billion under management in early 2021.
But rising interest rates are kryptonite to the high-growth stocks Wood favors, and Innovation lost 23% and 67% in 2021 and 2022, respectively. That put it at the very bottom of its category and sparked a mass exodus by investors. ARK’s fortunes reversed again in 2023 as inflation and interest rates moderated. Now with assets of only about $8 billion, Innovation gained more than 35% in 2023 through November 30, and it is once again in the top 1% of its category.
ARK also manages or subadvises 12 other ETFs, with exposure to themes including robotics, genetics, space exploration and financial technology. Five of the funds, launched in November with another firm, are based on cryptocurrency futures contracts or crypto-related stocks. And ARK is hoping for regulatory approval to launch an ETF that holds cryptocurrencies directly. We caught up with Wood in November to see what is top of mind for her now.
Esta historia es de la edición February 2024 de Kiplinger's Personal Finance.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.
Ya eres suscriptor ? Conectar
Esta historia es de la edición February 2024 de Kiplinger's Personal Finance.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.
Ya eres suscriptor? Conectar
HOW INFLATION ADJUSTMENTS WILL AFFECT YOUR TAXES
We looked at IRS rules for 2025 on everything from tax brackets to how much you can save in retirement accounts.
GUARD AGAINST IDENTITY THEFT IN THE NEW YEAR
Scammers are getting better at impersonating legitimate businesses.
SHOULD YOU BUY PET HEALTH INSURANCE?
You can fend off big veterinary bills with a policy that covers your furry companion.
THE LOWDOWN ON BUYING A VACATION HOME
If you return to a beloved destination again and again, purchasing a home there may be a smart move-but don't overlook the costs and effort that go into it.
HOW COUPLES CAN MANAGE DIFFERING RETIREMENT TIME LINES
Staggered retirement is increasingly common, but it can create financial and emotional challenges.
AVOID THESE CREDIT MISSTEPS
KIPLINGER ADVISOR COLLECTIVE
WHAT YOU NEED TO KNOW ABOUT WORKING FOR YOURSELF
Whether you're looking for a side gig or planning to start your own business, it has never been easier to strike out on your own.
My Top 10 Stock Picks for 2025
SINCE 1993, I have offered an annual list of 10 stocks with the potential to beat the market in the 12 months ahead. My 2024 selections notched the highest return ever: an average of 48.9%. I beat the S&P 500 index by 10.8 percentage points, and every one of my stocks was up-six by more than 30%.
WHAT MAKES AN ETF SUCCESSFUL?
EXCHANGE-traded funds have exploded in popularity, with the industry now reaching the milestone of $10 trillion in assets.
TIPS FROM INSIDERS
When corporate insiders buy or sell, it can offer clues on whether you should do the same.
