Why Cathie Wood Expects Flagship ARKK Fund To Outperform Nasdaq-100 Index: 'The Values When It Comes To Innovation Are In Our Fund'
Portfolio Pulse from Shanthi Rexaline
Ark Invest founder Cathie Wood expects the firm's flagship fund, Ark Innovation ETF (ARKK), to outperform the Nasdaq-100 Index. Wood noted that ARKK, which is filled with stocks of companies focused on innovation, is much closer to its lows compared to the Nasdaq 100 Index. After a not-so-positive year in 2022, ARKK has gained about 56% this year, thanks to a rally in tech stocks.
July 16, 2023 | 2:20 pm
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Cathie Wood expects Ark Innovation ETF (ARKK) to outperform the Nasdaq-100 Index. ARKK, which is filled with stocks of companies focused on innovation, is much closer to its lows compared to the Nasdaq 100 Index. ARKK has gained about 56% this year, thanks to a rally in tech stocks.
Cathie Wood's positive outlook on ARKK, combined with its recent performance and the ongoing rally in tech stocks, suggests a potential upside for the ETF. The ETF's focus on innovative companies, which are currently closer to their lows, also indicates potential for growth. Therefore, the short-term impact on ARKK is likely to be positive.
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