Ark Investment Management, led by star investorCathie Wood, is facing a harsh reality in 2024. While the broader market is hitting record highs, Ark's actively managed funds are lagging far behind, raising concerns about their future viability. One investment advisor has sounded a stark warning, suggesting Ark's funds could even go under.
What Happened:Ram AhluwaliaofLumida Wealthpointed to Ark's flagship ETF,Ark Innovation ETF(NYSE:ARKK), which is currently trading over 70% below its all-time high, a stark contrast to the S&P 500's recent record highs.
ARKK had its heydays amid the recent...
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