Ark Invest: Cathie Wood May Struggle to Hit Her 5-Year Target: Morningstar
ARK Investment Management This story is available exclusively to Insider subscribers. Become an Insider and start reading now. ARKK fund has lost 9.48% so far this year, compared with a 7% gain in the tech-heavy Nasdaq 100. ARK has cut its holdings of several key tech players, including Tesla, Teledoc Health, Roku, Square and Zoom. A Morningstar analyst said the flagship ETF may not be able to invest as much in smaller, innovative firms. Megawatt money-maker Cathie Wood has some of the world's most loyal investing fans, drawi...