Words: Tom Ward
It’s been a rocky year for Catherine Wood’s Ark fund. In March, a Yahoo finance story ran with the headline ‘Why Cathie Wood’s once hot Ark Innovation ETF has lost all its 2021 gains’. In the piece Brian Sozzi, that publication’s editor at large wrote that “What goes up in the stock market inevitably goes down” noting that Wood’s Ark Invest fund had been “one of the hottest ETFs of 2020.” Sozzi goes on to note that in early March Wood’s fund had lost “all of its gains for 2021” when the the ETF shed 5.5%.
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