Cathie Wood is a well-known name in the investing world. The founder and CEO of Ark Invest, Wood has reinvigorated growth investors, posting strong gains during the most recent bull market rally in high-multiple stocks, which ended in early 2021.

Since then, Wood's flagship Ark Innovation ETF (NYSEMKT: ARKK) has declined nearly 75% from its all-time high in early 2021. Impressively, that's after a 35% rally off of the ETF's bottom late last year. 

Accordingly, as a proxy for ultra-high-growth stocks, the Ark Innovation ETF has provided investors with extremely high-beta exposure to the riskiest Nasdaq stocks. In good times, that can mean booming outperformance. When the market cools off, less so.

Continue reading

Source Fool.com