Cathie Wood’s flagship fund is still underwater for the year, even as its top holding soars to an all-time high.
Tesla Inc., which comprises about 10% of the $21 billion ARK Innovation ETF ( ARKK), surged to another record. The Elon Musk-led carmaker has been on a tear amid a global shift to electric vehicles, with its stock surging almost 45% in 2021. While the rally helped lift ARKK on Monday, the exchange-traded fund is still lower by about 2% in 2021 as some big names in the portfolio struggle.
"wood" - Google News
October 26, 2021 at 01:57AM
https://ift.tt/2ZxOGE1
Cathie Wood's ARKK Wagers Overshadow Tesla's 45% Surge This Year - Bloomberg
"wood" - Google News
https://ift.tt/3du6D7I
No comments:
Post a Comment