Cathie Wood is having a bad 2024: ARKK outflows approaching $1.0 billion

Cathie Wood seems to be having a bad start to 2024 considering investors have pulled close to $1.0 billion out of her flagship Ark Innovation ETF over the past two months.ARKK is significantly underperforming NASDAQCopy link to sectionInvestors are concerned because the “ARKK” continues to materially underperform the Nasdaq Composite – a fair comparison since that benchmark is also growth-oriented like Wood’s exchange-traded fund. Ark Innovation ETF is down nearly 3.0% year-to-date at writing versus Nasdaq ...