Cathie Wood's ARK Losing Its Shine? Flagship Fund Sees $717M Exodus From Investors In A Year
Portfolio Pulse from Ramakrishnan M
Cathie Wood's flagship exchange-traded fund, the ARK Innovation ETF (ARKK), has seen a net withdrawal of $717 million from investors over the past year, despite a rally of over 50% this year. The fund's assets under management have shrunk from nearly $30 billion to approximately $9 billion, largely due to investment losses. The fund's top holdings include Tesla Inc (TSLA), Coinbase Global, Inc. (COIN), Roku Inc (ROKU), Zoom Video Communications (ZM), and Block Inc (SQ).
July 17, 2023 | 1:42 am
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NEGATIVE IMPACT
ARK Innovation ETF has seen a significant outflow of funds and a decrease in assets under management, which could negatively impact its performance.
The significant outflow of funds and decrease in assets under management could negatively impact the performance of ARKK. This could lead to a decrease in the ETF's price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Coinbase is one of the top holdings of ARKK, which has seen a significant outflow of funds. This could potentially impact Coinbase's stock price.
As one of the top holdings of ARKK, Coinbase could potentially be impacted by the significant outflow of funds from the ETF. This could lead to a decrease in Coinbase's stock price in the short term.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 60
NEGATIVE IMPACT
Roku is one of the top holdings of ARKK, which has seen a significant outflow of funds. This could potentially impact Roku's stock price.
As one of the top holdings of ARKK, Roku could potentially be impacted by the significant outflow of funds from the ETF. This could lead to a decrease in Roku's stock price in the short term.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 60
NEGATIVE IMPACT
Block Inc is one of the top holdings of ARKK, which has seen a significant outflow of funds. This could potentially impact Block's stock price.
As one of the top holdings of ARKK, Block Inc could potentially be impacted by the significant outflow of funds from the ETF. This could lead to a decrease in Block's stock price in the short term.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 60
NEGATIVE IMPACT
Tesla is one of the top holdings of ARKK, which has seen a significant outflow of funds. This could potentially impact Tesla's stock price.
As one of the top holdings of ARKK, Tesla could potentially be impacted by the significant outflow of funds from the ETF. This could lead to a decrease in Tesla's stock price in the short term.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 60
NEGATIVE IMPACT
Zoom is one of the top holdings of ARKK, which has seen a significant outflow of funds. This could potentially impact Zoom's stock price.
As one of the top holdings of ARKK, Zoom could potentially be impacted by the significant outflow of funds from the ETF. This could lead to a decrease in Zoom's stock price in the short term.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 60