Exposure to BNY Mellon’s Dreyfus Government Cash Management Fund has contributed 0.03% to the ARK Innovation ETF while all its stocks were in the red for the year as of the Thursday close, according to data compiled by Bloomberg.
Only a fraction of the $9.4 billion ARKK is in the Dreyfus fund — about $4 million, according to Bloomberg data. Still, Wood’s fans appear to be sticking with her. The latest data show almost $600 million poured into ARKK in the three days through Wednesday.
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