This post was originally published on this site
Citing data from Bloomberg Intelligence until June 1, Greifield wrote Ark’s lineup holds $15.3 billion through nine ETFs, representing a 48% decrease from the start of this year, the most significant decline of the 25 largest US issuers.
The decline is attributed to weak performance rather than investors withdrawing cash, with all nine Ark ETFs posting double-digit losses so far in 2022 as tech stocks decline.
Ark’s performance doesn’t make for positive reading, and it’s a surprise there has yet to be a significant investor exodus, but Wood and Ark have a loyal following.
Wood told CNBC’s “Halftime Report” in February that her fund’s decline has left its portfolio of tech stocks “way undervalued relative to potential.”
“Give us five years,” she added, stating that her biggest concern is that investors cash out and “turn what we believe are temporary losses into permanent losses.”
