ARK’s Cathie Wood is a well-known crypto personality and has gained media attention since 2022 began.
Cathie Wood is a renowned stock picker and the creator of the $60 billion ARK Invest, which invests in cutting-edge technologies like genomics and self-driving cars. Wood founded ARK in 2014 with the intention of packaging active stock portfolios in an ETF structure after working for other investing businesses.
Over the previous five years, her flagship $23 billion Ark Innovation Fund has returned an average of roughly 45% annually.
Cathie Wood’s rise to glory
Cathie Wood made a name for herself as a master of the contemporary exchange-traded fund last year (ETF). Her flagship Ark Innovation ETF (ARKK) recorded spectacular returns of 153% in 2020, far outpacing the performance of the whole stock market. ARKK has generated an average yearly return of more than 40% during the last five years.
Despite this year’s struggles for ARKK and another of the company’s funds, Ark Genomic Revolution ETF (ARKG), investor money has continued to flow in, and CEOs like Elon Musk want to appear on her program, especially now that she неодамна stacked up more shares in Cryptocurrency firm Coinbase and Tesla. Investors have held on despite Wood’s products’ rocky route over the past several months.
A look into Cathie’s ARK investment
The emphasis of Ark Invest is “disruptive innovation,” which enables the company to invest in businesses whose goods and services are anticipated to satisfy the demands of a planet that is experiencing a crisis.
The fundamental position taken by Ark is that technology will be the most successful means of resolving these challenges and that a disruption-first mentality would be the primary route to increasing profits.
“We’re all about finding the next great thing. Those who adhere to the outdated criteria are not concerned with the future.”
Кети Вуд.
Even though ARKK and ARKG have recently lagged, both funds have dominated the market over the past five years. Since the summer of 2016, ARKK, which comprises tech giants Tesla, Zoom, Coinbase, and Shopify, has surged by nearly 450%.
In contrast, ARKG, which invests in businesses like Regeneron Pharmaceuticals and Teladoc Health, a provider of virtual healthcare, is up nearly 340% over the same period. ARKG also targets innovations like molecular diagnosis and genetics.
With the ETFs’ year-to-date falls of 9% and 15%, investors who bought either ARKK or ARKG in 2022 have little cause for celebration. Many of Ark’s tech-focused investments have seen their shares fall this year as investors switched their attention from growth companies to economic recovery plays, depressing the value of Ark’s ETFs.
Despite the recent dip, investors still believe in the Ark ETFs. They are investing even more in Wood, indicating that the downturn presents a perfect time for a purchase. For instance, ARKK’s total assets under administration have increased to a staggering $22.6 billion due to inflows of around $5.9 billion this year.
Wood’s 2023 market outlook predictions
Cathie Wood previously said she “wouldn’t be astonished” if inflation started to decline in 2023. Wood, who believes deflation poses a much more significant risk than inflation, claims that the current global macroeconomic environment is comparable to the 1920s and 80s.
Source: https://crypto.news/cathie-woods-views-on-the-markets-are-positive/