Account Info
Log Out
English
Back
No matches yet
Operations too frequent. Please try again later.
Please check network settings and try again Refresh Refresh
Loading
History record delete
    Quotes All >
      News All >
        Log in to access Online Inquiry
        Back to the Top

        Cathie Wood's ARKK ETF Gains 31% in November Despite Investor Caution

        avatar
        In One Chart wrote a column · 12/02/2023 12:29
        In November, Cathie Wood's ARKK Innovation ETF witnessed a remarkable surge, achieving an all-time high of 31% gain. This upswing can be attributed to the positive outlook from investors who are hopeful for potential interest rate cuts in the US by 2024, thereby driving growth in risky assets.
        The November rally of $ARK Innovation ETF(ARKK.US)$ is notable, especially when compared to the performance of mega-cap tech stocks that have dominated the majority of the year. The ETF's major holdings, such as Coinbase and Roku, have witnessed more than 60% gains, which have been instrumental in driving ARKK's record growth during the month.
        Cathie Wood's ARKK ETF Gains 31% in November Despite Investor Caution
        ARKK achieved its greatest monthly outperformance to date against the Nasdaq 100 and S&P 500 indices, which have risen by 10.7% and 8.9%, respectively.
        Although ARKK managed to attract a notable $150 million in November, it falls short when compared to the usual monthly inflows of $1 billion that were common during the pandemic peak. 2023 is projected to be the first year where ARKK will register an annual net outflow.
        ARKK has been leading the impressive performances, but other funds managed by ARK Investment Management have also seen remarkable gains. Nonetheless, all of these funds are currently experiencing net outflows.
        Investors are scarred from their ARK experience over the past several years," said Nate Geraci, president of the ETF Store. "It's going to take a long period of sustained outperformance to bring ARK investors back en masse."
        Source: Investing.com, Bloomberg
        Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only. Read more
        28
        1
        1
        +0
        2
        Translate
        Report
        22K Views
        Comment
        Sign in to post a comment
        avatar
        Moomoo News Official Account
        Market news in one chart.
        84KFollowers
        8Following
        24KVisitors
        Follow