Cathie Wood, CEO and Chief Investment Officer of ARK Investment Management LLC, will speak on Tuesday, October 16, 2018 at the Sooner Than You Think conference in Brooklyn City, New York.
Alex Flynn | Bloomberg | Getty Images
Ark Invest’s flagship fund, Ark Innovation, was hit this week amid the sell-off in innovation names driven by rising interest rates.
The stocks in the ETF are down more than 14% this week and are 30% lower than the everyday high. The fund wiped out all of its 2021 profits this week, by more than 10% for the year.
Shares of Ark Innovation lost nearly 6% on Friday.
Wood remains the course and used the technological wreck this week as an opportunity to buy a dive into some of her ETF’s top interests.