Cathie Woods founder, CEO, and CIO of ARK Invest is now being pushed under the rug by the media and bystanders who once propped up to be the queen of investing. She certainly has made a name for herself within the industry over the last few years.
During the height of the pandemic, while other management funds were cutting losses and letting go of their holdings in various companies. She was seeing hyper growth due to the fact that she was heavily investing in “Disruptive technologies” and bringing them under her Disruptive Innovation ETF.
Companies such as Zoom, Tesla, Coinbase, Twilio, Square, and others, became a core part of her investing strategy. Her plan worked to perfection as she outperformed the market in 2020 posting a return of 150%.
After the pandemic had tapered off, her fund left 2021 21% down. That’s quite a drop, especially given the fact that the S&P 500 is up 30% year to date.
We are now in 2022 and the market is still in the red further compounding Cathie’s troubles. It has led to the point where investors created their own ETF fund in November that is basically doing the opposite of everything ARK Innovation ETF does.
Tuttle Capital Short Innovation ETF (SARK) is more than just a meme ETF fund. Even though “memes” have penetrated the investing world lately, widely because of the inflow of retail investors. The fund has gathered steam and currently has $235 million in assets.
Funds such as SARK are quite common within the industry which trades on the opposite sentiment of the market. However, it’s quite strange to see how they are solely focused on the whips and wanes of a single manager.
It’s an interesting narrative and a great marketing strategy to gather investment from an audience that is not of ARK Innovation ETF.
