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Cathie Wood: A tech investor doing God's work


Cathie Wood: A tech investor doing God s work
13 Mar, 2021 03:59 PM
5 minutes to read
Financial Times
By: Michael Mackenzie
Earlier this week, and for no obvious reason, Cathie Wood s US$23 billion ($32b) flagship Ark investment innovation fund rose 10 per cent in a day. On Wall Street that kind of bounce is usually a
warning sign of frothy markets, especially given Ark s recent price falls. Not for Wood. Buy the dip, is a catchphrase.
Wood is the public face of a speculative tech boom many liken to the dot.com boom and bust of the early 2000s. The success of Tesla and other technology stocks that Ark owns has, together with massive investor inflows, propelled the combined value of the five exchange traded funds she manages to US$60b from US$3b just a year ago. ....

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Russia's Aeroflot net loss widens in fourth quarter as passenger traffic slumps


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March 10 (Reuters) - Russia s flagship airline Aeroflot
reported a fourth-quarter net loss more than six times
higher than the previous year amid coronavirus-related curbs on
passenger traffic.
Aeroflot reported a net loss of 43.80 billion roubles ($594
million) for the final quarter of the year compared to 6.79
billion roubles a year earlier.
Russia, like other countries, saw a sharp fall in passenger
traffic last year because of coronavirus restrictions, followed
by a gradual recovery in recent months.
Its domestic traffic, however, was less affected as the
country refrained from imposing a complete lockdown during a new
wave of infections. ....

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