Is ARK Taking On Water? Cathie Wood's Firm Named Top 'Wealth Destroyer' By Morningstar Analyst
Is ARK Taking On Water? Cathie Wood's Firm Named Top 'Wealth Destroyer' By Morningstar Analyst
Cathie Wood's status as a celebrity in the financial world precedes her. Over the course of her near-decade-leading ARK Invest, Wood has cemented her reputation as an innovator and maverick unafraid of making bold predictions or taking risky positions; she bought stock in Tesla Inc (NASDAQ:TSLA) and NVIDIA Corporation (NASDAQ:NVDA) as early as 2016.
凯西·伍德在金融界的名人地位先于她。在近十年领导方舟投资的过程中，伍德巩固了自己作为创新者和特立独行者的声誉，她毫不畏惧做出大胆的预测或采取风险头寸；她早在2016年就购买了特斯拉公司（纳斯达克股票代码：TSLA）和英伟达公司（纳斯达克股票代码：NVDA）的股票。
Her belief that Bitcoin (CRYPTO: BTC) will top $1M by 2030 led her to spearhead the recent introduction of BTC Spot ETFs, making her a favorite of the crypto crowd as well.
她相信比特币（加密货币：BTC）到2030年将突破100万美元，这促使她带头推出了比特币现货ETF，这也使她成为加密人群的最爱。
All this fame, however, has earned her a healthy set of doubters and naysayers; they may have a point. In a recent analysis by Morningstar, the performance of Wood's flagship fund, ARK Innovation ETF (NYSE:ARKK), and her firm as a whole, was brought to task.
但是，所有这些名声为她赢得了一大批怀疑者和反对者；他们可能有道理。在晨星最近的一项分析中，伍德的旗舰基金方舟创新ETF（纽约证券交易所代码：ARKK）及其整个公司的表现受到质疑。
Morningstar analyst Amy C. Arnott, CFA rated the 15 funds that have depreciated, in dollar terms, the most over the last 10 years. ARKK ranks 3rd among them, losing $7.1 billion.
晨星分析师艾米·阿诺特（Amy C. Arnott）对以美元计算的15只基金进行了过去10年中最大贬值的评级。ARKK在其中排名第三，亏损71亿美元。
Worse yet, Wood's firm as a whole comes in at #1 as the single fund that has destroyed the most wealth over 10 years, losing roughly $14.3 billion. That is more than twice the loss of the nearest fund.
更糟糕的是，伍德的公司整体排名第 #1 位，是10年来摧毁最多财富的单一基金，损失了约143亿美元。这是最近的基金损失的两倍多。
As Wood's star rose in 2020 and 2021, the firm saw massive inflows of cash while the funds performed well, extremely well. ARKK, for instance, more than tripled in value from 2020 to 2021, smashing the pace set by the S&P 500. These gains were largely wiped out, however, in the bear market of 2022. ARK's funds lost anywhere from 34.1% to 67.5% on the year.
随着伍德的明星在2020年和2021年崛起，该公司出现了大量现金流入，而基金表现良好，非常出色。例如，从2020年到2021年，ARKK的市值增长了三倍多，打破了标准普尔500指数设定的速度。但是，在2022年的熊市中，这些收益基本上被抹杀了。ARK的资金同比损失了34.1％至67.5％。
This is the boom-and-bust reality of Wood's philosophy. ARK's funds can garner eye-watering returns, but they can just as easily see hair-pulling, teeth-gnashing drops.
这是伍德哲学的繁荣与萧条现实。ARK的基金可以获得令人眼花缭乱的回报，但它们同样可以轻松地看到令人毛骨悚然的跌势。
For investors who believe the ARK may be sinking and can stomach the risk, a short position can provide a way to capitalize on ARKK's downside. ETFs like the AXS Short Innovation Daily ETF (NASDAQ:SARK), which aims to return the inverse performance of ARKK, can be an attractive option.
对于那些认为方舟可能正在下跌且能够承受风险的投资者来说，空头头寸可以提供一种利用ARKK下行空间的方法。像AXS空头创新每日ETF（纳斯达克股票代码：SARK）这样的ETF可能是一个有吸引力的选择，其目标是回报ARKK的反向表现。
For those who still believe in the promise of ARKK and want to maximize their view, leveraged funds can help. If you are bullish, the AXS 2X Innovation ETF (NASDAQ:TARK), is a solid option, aiming to return twice the daily return of ARKK.
对于那些仍然相信ARKK的承诺并希望最大化视野的人来说，杠杆基金可以提供帮助。如果你看涨，那么AXS 2X创新ETF（纳斯达克股票代码：TARK）是一个不错的选择，目标是ARKK每日回报率的两倍。
Photo by Osman Rana on Unsplash
奥斯曼·拉纳在 Unsplash 上拍摄的照片