As US investors abandon ship, Cathie Wood brings her Ark ETFs to European shores.

Quick Summary:

Flagship fund is down nearly 17% in 2024 while its outflows have totalled more than $1.

The investor known for highly concentrated and volatile portfolios capable of massive gains and losses planned to bring her flagship strategy to several European exchanges starting on Thursday, Ark said in a statement.

Ark’s flagship Innovation ETF soared more than 150 per cent in 2020, a level of performance that beat virtually every other competitor and put the firm on the map.

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Article Details

Author / Journalist: Will Schmitt

Category: MarketsFinanceInvesting

Markets: United StatesGermanyItalyNetherlandsSwitzerland

Topics: Ark’s Outflows Cent 2024 Morningstar Market Europe Fund European First Year

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-04-17 @ 21:45:29 (1 weeks ago)

News Timezone: GMT -5:00

News Source URL: ft.com

Language: English

Article Length: 698 words

Reading Time: 4 minutes read

Sentences: 23 lines

Sentence Length: 31 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Financial Times

News ID: 20716721

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