Cathie Wood s Misery Mounts as ARKK Assets Dip Below $20 Billion yahoo.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from yahoo.com Daily Mail and Mail on Sunday newspapers.
Cathie Wood s misery mounts as ARKK assets dip below US$20B
Sam Potter, Bloomberg News Cathie Wood, chief executive officer and chief investment officer of ARK Investment Management LLC. , Photographer: Alex Flynn/Bloomberg
Cathie Woodâs miserable month continued on Tuesday, as her flagship exchange-traded fund extended declines and its assets dropped below US$20 billion to the lowest since January.
The Ark Innovation ETF (ticker ARKK) slid one per cent as of 9:47 a.m. in New York. Caught in a broad tech selloff, the product has fallen for nine of the past 10 sessions, a retreat that accelerated on Monday in the biggest slide in about seven weeks.
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Artisan Partners, a high value-added investment management firm, published its ‘Artisan Mid Cap Fund’ first quarter 2021 investor letter – a copy of which can be downloaded here. A return of -2.36% was recorded by its Investor Class: ARTMX, -2.32% by its Advisor Class: APDMX, and -2.30% by its Institutional Class: APHMX, in the fourth quarter of 2020, all below the Russell Midcap® Growth Index that delivered a -0.57% return and the Russell Midcap® Index that was up by 8.14% for the same period. You can view the fund’s top 5 holdings to have a peek at their top bets for 2021.