Shares in the ETF plunged more than 50% in first half of 2022
Investors ploughed $1.5bn into Cathie Wood’s flagship Ark fund in the first half of 2022, even as a brutal tech sell-off hammered its top holdings.
But in a sign that many believe Wood’s legacy is not yet behind her, ARKK still attracted nearly $1.5bn of inflows year-to-date, according to TrackInsight — with enthusiasts focusing on the longer-term opportunities of thematic ETF investing. Still, some anticipate further market ructions in the months ahead, painting a bleak picture for growth companies rocked by higher borrowing costs. Many such organisations benefited from a period of “easy money” during the early stages of the Covid-19 pandemic, with near-zero interest rates flattering their projected cash flows and earnings.
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