Cathie Wood
Source: CNBC
Cathie Wood's Ark Invest funds, which slid while investors flocked to value stocks earlier this year, staged a comeback last week in what could be a turning point for the innovation fund.
Ark Invest's flagship ETF — ARK Innovation — notched a 6% gain last week, as investors shrugged off inflation fears and interest rates continued to come down (the 10-year Treasury was below 1.43% on Friday, a three-month low). The innovation fund is up 16.7% over the last month, which could mark a critical moment for the battered ETF.
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June 13, 2021 at 07:00PM
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Cathie Wood's Ark Invest posts 6% weekly gain amid turnaround in innovation names - CNBC
"wood" - Google News
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