Cathie Wood’s ARK Finds Gains and Pain in Money-Losing Companies

The Wall Street Journal2021-03-11

Heavily invested in unprofitable companies, the firm’s ETFs likely face more volatility ahead More than half the companies in Cathie Wood’s five popular exchange-traded funds at ARK Investment ...

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That made the funds particularly vulnerable to dramatic swings when investors turned their backs on growth stocks in favor of shares that shine when the economy prospers.\nDespite this week’s rebound in tech stocks, all five of ARK’s ETFs remain down at least 18% from their mid-February highs, trailing the Nasdaq Composite, which is off 7.3% from its Feb. 12 record.\nThe pain has been most acute among shares of the unprofitable companies in ARK’s funds. 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