Cathy Wood

Crystal Mercedes | CNBC

After a tumultuous first half of 2021, Cathie Wood’s flagship fund — ARK Innovation — just went positive for the year as investors begin to give growth names a nod.

The largest actively managed ETF rose about 1.5% on Thursday, bringing its year-to-date gain to just shy of 1%. The innovation fund has rallied more than 5% this week and over 12% this month.

Since bottoming on May 13 — a day after the hottest inflation reading since 2008 — the fund is up about 25%.



Source link


Leave a Reply

Your email address will not be published. Required fields are marked *