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2021-03-29

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Cathie Wood’s ARK Invest is launching an ETF focused on space exploration, to begin trading Tuesday

KEY POINTS Ark Invest, Cathie Wood’s firm with multiple actively managed exchanged-traded funds, wi

Cathie Wood’s ARK Invest is launching an ETF focused on space exploration, to begin trading Tuesday

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In the past six months,seven space companies have announced SPAC deals.\nWood — chief investment officer and CEO of Ark Investment Management — has made a name for herself by investing in \"disruptive innovation\" stocks. Wood's flagship fund, Ark Innovation, has seen more than $16 billion in inflows in the past year, according to FactSet.\nWood has big bets on names like Tesla, Teladoc and Roku.\nWood has garnered a large following after Ark Innovation returned nearly 150% last year. However, her flagship fund, Ark Innovation, is down nearly 9% this year. Amid the recent rotation out of technology names and into value stocks from the pressure of rising interest rates,Wood has stayed the course. 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