These 2 Cathie Wood ETFs Are Up 98% and 102% in 2023, and They Could Surge Higher in a Bull Market
Cathie Wood caught investors' attention during the last bull market when the exchange-traded funds (ETFs) managed by her company, Ark Invest, skyrocketed. But by early 2021, even before the bear market started, many of the stocks held in these ETFs that had ridden upward fell out of the market's favor. Funds managed by Ark Invest stumbled that year, and then tanked altogether in 2022.
Wood's investment philosophy espouses focusing on technologies and innovations that will drive global change in the years and decades to come. So while her ETFs are heavily invested in tech stocks, a long-term outlook is the guiding investment principle. The funds' holdings are the kinds of stocks that do well in a vibrant economy but get sold off under pressured conditions. Since the economy is vibrant for a greater share of the time than it's not, over longer periods, Ark Invest's ETFs should beat the market. But most companies held by the fund are relatively young and high-risk investments, and their all-time returns have underperformed the market so far.
Source Fool.com
