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Almost everything has changed in 2020 – some things more than others.
The ARK Innovation exchange-traded fund (ticker: ARKK) has gone from a somewhat drowsy actively managed fund that returned 36% in 2019, to the best performing in 2020, with a return of 153% and making its manager, the founder of ARK Investment, Cathie Wood, a household. Last name. But ARK Innovation is having a tough 2021: After rising 26% in mid-February, the $ 22 billion ETF has fallen in the past six weeks and is now down 9% since the start of the year. year. Investors need to understand …
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