Page 29 - Investment Advisor April 2021

How Cathie Wood leads a $45 billion ETF shop that’s

now facing market-related headwinds.

BY GINGER SZALA AND BERNICE NAPACH

croll through financial-focused tweets most days, and you’ll find market
watchers sounding off about everything from Federal Reserve Chairman
Jerome Powell and bond yields to Barstool Sports’ Dave Portnoy and
S the price of Bitcoin — as well as Ark Investment Management and its
founder, CEO and Chief Investment Officer Cathie Wood.
Nate Geraci, president of RIA The ETF Store and a host of ETF Prime podcasts,
said in a March 4 tweet about the Ark Innovation ETF (ARKK): “From inception
thru Feb 28, $ARKK was +36% annualized.” Just 64 of 8,637 U.S.-domiciled stock
mutual funds in Morningstar’s U.S. funds database have risen as much over a
similar timeframe, he added.
From Feb. 16 through March 3, however, ARKK weakened about 19% while
Berkshire Hathaway improved 3%, according to Geraci’s analysis. “Wild,” he
Photos courtesy of ARK Invest there aren’t any out yet on Wood — though her trades are posted daily. How did
tweeted in a conversation that devolved into a debate over Buffett vs. Wood.
But while there are plenty of books to read about Buffett and his investing views,

Wood develop Ark’s “disruptive” investing style, which has been taking Wall Street
and Main Street by storm in recent years, and what lies ahead for the ETF shop?

APRIL 2021 INVESTMENT ADVISOR 27