In 2021 alone, investors have invested nearly $ 11bn to the Wood fund family, and its visible personality is attracting people entering the market.
In South Korea, retail investors have nicknamed Cathie Wood: “Money Tree.” Looking at the money that is now managed by Ark Investment Management, it is easy to see why.
Ark’s commercial trading fund went under management of over $ 50 billion this week, up from just $ 3.6 billion at this time last year, according to data compiled by Bloomberg. In 2021 alone, investors have invested nearly $ 11 billion in the Wood money family.
The new chart features the flood of money pouring into thematic products, keeping track of topics like genomics and fintech, as retail traders invest money to make money with reciprocal statements. Wood’s visual prowess captures the attention of the binoculars, while her conspicuous personality attracts investors just beginning.
“This is an important milestone, and a sign that the ETF industry is not directly controlled by index-holding companies,” said Todd Rosenbluth, director of ETF research for CFRA Research. “With investors’ focus on long-term thematic investment, there is room for further growth for Ark and other active managers.”
In South Korea, retail investors are swimming to buy themed products and Cathie Wood has grown into a celebrity. In social media posts they refer to it as “돈나무”, which basically translates as “Money Tree. ”The facts are that this is up – its ARK Innovation ETF (ARKK) has already gained 19% this year, as well as a 149% increase in 2020.
In fact, due to popular demand, Ark recently launched a product line. Offers include Truth Wins Out T-shirts and Stay Innovative basketball caps. There’s even someone with “Investing in the Future” on the front.
The allure went down a bit last week when GameStop Corp. was stolen. the heads and ARKK’s main assets went four days without inflow. Also shorts are raising in the $ 25.4 billion fund. Short interest rates as a percentage of outstanding shares on ARKK are close to 1.5%, down slightly from a high of 1.9% earlier this month, according to data from IHS Markit Ltd.
Critics warn that Ark could face headaches, as its money is so open to tech companies that have seen huge gains through the loose locks. As the economy reopens and a broad market movement takes hold, tech stocks could suffer.
However, Wood ‘s name recognition is only growing, and its approval stamp is enough to drive stock prices. The introduction of DraftKings Inc. in internet ARK Next Generation ETF (ARKW) shares of the sports betting company rose 8.6% earlier in the week.
“Performance leads to inflows,” said Mohit Bajaj, ETFn director for WallachBeth Capital. “All their money has been done very well, and this has raised a lot of money. Investors still believe in the fund manager. ”