Cathie Wood’s ARK Funds Are Still Struggling. Investors Are Leaving Rapidly.
After a brief bounceback in 2023, Cathie Wood’s exchange-traded funds continued to suffer this year. Investors are losing their patience. Wood became a star fund manager in 2020 as many stocks in her portfolios, such as Tesla Zoom Video Communications and Roku surged during the pandemic as the market hyped up about a future disrupted by innovative technology.