Why Are ARKK Investors Jumping Ship? Cathie Wood's Poor Picks Lag Behind The Competition
Why Are ARKK Investors Jumping Ship? Cathie Wood's Poor Picks Lag Behind The Competition
As head of ARK Invest, Cathie Wood is one of the few celebrities in the financial world. She's made a name for herself with big bets and brash predictions like Bitcoin (CRYPTO: BTC) topping $1 million by 2030. These bets have often paid off, 2020's bull run saw her flagship fund, ARK Innovation ETF (NYSE:ARKK), triple the performance of the S&P 500.
作爲方舟投資的負責人，凱西·伍德是金融界爲數不多的名人之一。她憑藉大賭注和勇敢的預測爲自己贏得了名聲，例如到2030年，比特幣（加密貨幣：BTC）將突破100萬美元。這些賭注往往會得到回報，在2020年的牛市中，她的旗艦基金方舟創新ETF（紐約證券交易所代碼：ARKK）的表現是標準普爾500指數的三倍。
But Wood's recent track record has been lackluster. So far this year ARKK is up just over 2%, compared to almost 7% for the S&P. And it gets worse when stacked up against other tech-focused funds. The indexed Invesco QQQ (NASDAQ:QQQ) is up nearly 8%. A more one-to-one comparison, the actively managed Spear Alpha ETF (NASDAQ:SPRX), is up over 14%.
但是伍德最近的往績表現乏善可陳。今年到目前爲止，ARKK的漲幅剛剛超過2％，而標準普爾指數的漲幅接近7％。與其他以科技爲重點的基金相比，情況會變得更糟。指數型景順QQQ（納斯達克股票代碼：QQQ）上漲了近8％。更一對一的比較是，積極管理的Spear Alpha ETF（納斯達克股票代碼：SPRX）上漲了14％以上。
Missed The Boat
錯過了船
The monster returns of the last year have been mostly driven by the AI craze, especially Nvidia (NASDAQ:NVDA), up over 400% since the beginning of 2023. In 2024 alone, Nvidia is up more than 60%. Wood sold ARKK's shares last January, missing the entire ride.
去年的巨額回報主要是由人工智能熱潮推動的，尤其是英偉達（納斯達克股票代碼：NVDA），自2023年初以來上漲了400％以上。僅在2024年，英偉達就增長了60％以上。伍德去年1月出售了ARKK的股票，錯過了整個漲幅。
Instead, Wood's biggest AI backing is Tesla (NASDAQ:TSLA), which has continued to miss earnings and is down nearly 20% on the year. In fact, 6 of ARKK's top 10 holdings are losers this year so far, 3 of those in the double digits.
相反，伍德最大的人工智能支持者是特斯拉（納斯達克股票代碼：TSLA），該公司一直未能盈利，同比下跌近20％。實際上，今年迄今爲止，ARKK前10大持股中有6家是虧損者，其中3家爲兩位數。
Coinbase (NASDAQ:COIN) is currently the biggest holding and is up 26.99%, YTD. But Wood missed out on some of this by selling a large chunk of its COIN shares. COIN is up 21% from last Tuesday.
Coinbase（納斯達克股票代碼：COIN）目前是最大的持股公司，年初至今上漲了26.99％。但是伍德通過出售其COIN的很大一部分股票而錯過了其中的一些機會。代幣比上週二上漲了21％。
Flight Of The Funds
資金外逃
Investors frustrated by missing out on the huge gains seen across the market have been pulling their money out in big ways. So far in 2024, ARKK has a net loss in assets under management of $845 million, roughly 10% of the fund in less than 2 months.
投資者因錯過整個市場的巨大收益而感到沮喪，他們一直在大舉撤出資金。2024年到目前爲止，ARKK管理的資產淨虧損爲8.45億美元，在不到2個月的時間內約佔該基金的10％。
For The Bears
爲了熊
For traders not buying what Wood is selling, inverse ETFs provide a straightforward way to bet against a stock, avoiding the complications that come with option trading. The AXS Short Innovation Daily ETF (NASDAQ:SARK), which aims to return the inverse performance of ARKK, is a perfect example.
對於不買入伍德所賣商品的交易者來說，反向ETF提供了一種直接的股票下注方式，避免了期權交易帶來的複雜性。旨在回報ARKK反向表現的AXS空頭創新每日ETF（納斯達克股票代碼：SARK）就是一個很好的例子。
Traders still bullish on Wood and her fund and want to maximize their view can buy a leveraged fund, like the AXS 2X Innovation ETF (NASDAQ:TARK) which aims to return twice the daily return of ARKK. TARK was awarded Best ETF Launch at Benzinga's 2023 Fintech Awards.
交易者仍然看好伍德及其基金，並希望最大限度地提高他們的觀點，可以購買槓桿基金，例如AXS 2X創新ETF（納斯達克股票代碼：TARK），其目標回報率是ARKK每日回報率的兩倍。TARK 獲獎 最佳ETF上市時間 在 Benzinga 的 2023 年金融科技大獎上。
Photo by Drew Beamer on Unsplash.
照片由 Drew Beamer 在 Unsplash 上拍攝。