FILE PHOTO: Cathie Wood, CEO of Ark Invest, speaks during an interview on CNBC on the floor of the NYSE in New York - Cathie Wood, founder and CEO of ARK Investment Management, defended the strategy of the firm's money-losing flagship fund, telling investors in a letter released late on Wednesday that its fortunes will reverse when interest rates fall.
ARK's ETF, meanwhile, has seen net outflows of more than $1.8 billion in the last six months, according to data from VettaFi.In a letter posted on ARK's website, Wood wrote she fully acknowledged "the macro environment and some stock picks have challenged our recent performance." Nonetheless, she added, "our conviction in and commitment to investing in disruptive innovation have not wavered.
In the letter, she said she expected to see "a more diverse set of winners to which the current equity market concentration should give way." Dividend stocks like Fortis Inc can help you secure a wealthy retirement. The post TFSA Blueprint: 4 Canadian Stocks to Secure Your Future appeared first on The Motley Fool Canada.The iShares S&P/TSX Capped Energy Index ETF, a basket of Canadian large-cap oil and gas companies, has climbed about 17% year-to-date, outperforming the broader Canadian market.
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