Cathie Wood’s flagship Ark fund draws in $1.5bn even as tech stocks tumble

  • 📰 FT
  • ⏱ Reading Time:
  • 30 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 51%

Belgique Nouvelles Nouvelles

Belgique Dernières Nouvelles,Belgique Actualités

Shares in the ETF plunged more than 50% in first half of 2022

Investors ploughed $1.5bn into Cathie Wood’s flagship Ark fund in the first half of 2022, even as a brutal tech sell-off hammered its top holdings.

But in a sign that many believe Wood’s legacy is not yet behind her, ARKK still attracted nearly $1.5bn of inflows year-to-date, according to TrackInsight — with enthusiasts focusing on the longer-term opportunities of thematic ETF investing. Still, some anticipate further market ructions in the months ahead, painting a bleak picture for growth companies rocked by higher borrowing costs. Many such organisations benefited from a period of “easy money” during the early stages of the Covid-19 pandemic, with near-zero interest rates flattering their projected cash flows and earnings.

 

Merci pour votre commentaire. Votre commentaire sera publié après examen.

Soooo many bag holders at $100+ just goes to show… sell & repent Always be in the money raising business… like Matthew Mcauneghy in Wolf of Wall Street Just take their money, don’t worry about results, the goal is money in

Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

 /  🏆 113. in BE

Belgique Dernières Nouvelles, Belgique Actualités