While some of Cathie Wood’s biggest stock bets have taken a beating in recent months, the founder of Ark Investment Management says she’s really concerned that her investors may be heading straight for the exits on the downward momentum.
Wood’s flagship Ark Innovation ETF (ticker ARKK) has slipped roughly 15 per cent on the year compared with the S&P 500’s 25 per cent gain, prompting some traders to sell. But Wood said now is actually one of the best buying periods for her strategy.
