Cathie Wood says her 'volatile' ARK Innovation fund shouldn't be a 'huge slice of any portfolio'

Cathie Wood, CEO of Ark Invest, speaks during an interview on CNBC on the floor of the New York Stock Exchange (NYSE) in New York City, February 27, 2023. Cathie Wood is defending her underperforming ARK Innovation exchange traded fund following a rocky stretch. "We have a volatile fund," she told CNBC's "Squawk Box" on Friday. "We should not be a huge slice of any portfolio. We are more of a satellite strategy now, although we think this is the way the world is going." Shares of the technology fund have lo ...