The competition could be paying the price in 2023 ifArk Investcan keep up with its early performance at the start of the year.
After beating the S&P 500 and many ETFs for years, Ark Invest — led byCathie Wood— saw its ETFs drop significantly in 2022. The move came due to several macro issues. Also, many of the high-growth technology companies Ark Invest has in its funds saw severe pullbacks on valuation and growth concerns.
Here's a look at what's happening in 2023 and what could be next.
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