Famed Investor Cathie Wood’s Fund Already in the Hole in 2022

Famed Investor Cathie Wood’s Fund Already in the Hole in 2022
Cathie Wood, founder, and CEO of ARK Investment Management LLC, speaks during the Skybridge Capital SALT New York 2021 conference in New York City, on Sept. 13, 2021. Brendan McDermid/Reuters
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Cathie Wood’s ARK Investment Management, an equities fund that targets growth and innovation stocks, is off to a poor start in 2022 and continuing its downward pattern from last year.

Wall Street extended its rough start to the new year on Jan. 10, with the leading benchmark indexes in the red. But Wood’s exchange-traded funds (ETFs) have been experiencing sharp selloffs in recent sessions.

Andrew Moran
Andrew Moran
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Andrew Moran has been writing about business, economics, and finance for more than a decade. He is the author of "The War on Cash."
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