Business Maverick: Every ARKK Holding Is in the Red This Year Except for Its Cash

  • 📰 dailymaverick
  • ⏱ Reading Time:
  • 14 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 9%
  • Publisher: 84%

مصر أخبار أخبار

مصر أحدث الأخبار,مصر عناوين

The violent stock selloff on Thursday means every single bet in Cathie Wood’s flagship strategy has lost money this year, with the sole exception of a money-market cash holding.

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.

لقد قمنا بتلخيص هذا الخبر حتى تتمكن من قراءته بسرعة. إذا كنت مهتمًا بالأخبار، يمكنك قراءة النص الكامل هنا. اقرأ أكثر:

 /  🏆 3. in EG
 

شكرًا لك على تعليقك. سيتم نشر تعليقك بعد مراجعته.

مصر أحدث الأخبار, مصر عناوين