This Has Been Cathie Wood's Worst Ark Invest ETF in 2022
Great investors come and go, and it's difficult to be successful in every investment environment. That has certainly been the case for Ark Invest's Cathie Wood, who has become a steadfast champion of high-growth innovation stocks.
Wood's strategy served her well in 2020, with most of the ETFs in her Ark Invest family of funds producing stunning returns. Yet 2021 didn't prove to be as kind to Ark Invest, and 2022 has been particularly harsh, saddling Wood's funds with substantial losses.
Wood's cornerstone Ark Innovation ETF (NYSEMKT: ARKK) has definitely had a tough time this year, but it isn't the worst performer in the Ark Invest family. With just a few trading days left in 2022, that dubious distinction instead appears likely to go to Ark Next Generation Internet (NYSEMKT: ARKW), with year-to-date declines approaching 68%.
Source Fool.com
