Live On Bloomberg TV, Cathie Wood Says "This is not like another ETF: We are speaking with pension funds and treasurers" "I wouldn't expect overnight success" "They will start to do due diligence processes"
Portfolio Pulse from Benzinga Newsdesk
Cathie Wood, on Bloomberg TV, discussed the unique nature of her ETF, mentioning ongoing talks with pension funds and treasurers. She tempered expectations by noting that success wouldn't be immediate as these institutions begin their due diligence processes.
January 10, 2024 | 6:20 pm
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Cathie Wood's comments on Bloomberg TV may increase interest in ARKK, but she cautions that significant institutional investment will take time due to due diligence processes.
While the discussions with pension funds and treasurers could lead to increased investment in ARKK, the due diligence process is typically lengthy, suggesting any potential positive impact on the ETF's price may not be immediate. The news is directly related to ARKK and is important for investors, but the caution about the timeline tempers the immediate impact.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100