“Cathie Wood’s Fund Suffers $473 Million Hit From 2 Ugly Stocks”
January 26, 2024
“…The result? Pain. ARK Innovation posted a negative 11.6% total return this year so far, says Morningstar Direct. That makes it the fourth worst-performing actively traded U.S. diversified ETF this year. Even behind rival funds from T. Rowe Price (TROW) and Fidelity. And that hurts as ARK Innovation ended up No. 1 in the category last year…”
https://finance.yahoo.com/m/c41f0e04-58ef-30d7-a3ef-767bdc5cd10f/cathie-wood-s-fund-suffers.html
The problem with Cathie’s stock picks is not the stocks themselves. It’s that she picks them early. I said this before but in the stock market if you are early you are wrong. Long term those stocks might be great. Short term there’s a lot of pain.