Investors Are Losing Faith in Cathie Wood’s ARK Innovation


This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit

The ETF founder is seeing a drop in large holdings such as Tesla and Zoom

Investors who bought the dip in Cathie Wood‘s ARK Innovation exchange-traded fund have been punished this year. Some finally appear to be losing their conviction.

Shares of the fund, a pandemic-era favorite largely made up of unprofitable, growth-oriented technology companies, are down 63% this year. While the S&P 500 index has rallied 12% since mid-October to cut its 2022 losses to 16%, Ms. Wood’s flagship fund is hovering near a five-year low. 


Please enter your comment!
Please enter your name here