Years after Cathie Wood became the face of pandemic-era investing euphoria, her flagship fund is marking a difficult milestone.
The ARK Innovation ETF (ticker ARKK) completed a 10-day losing streak earlier this month, its longest on record. Over the past half decade — a period that spans the latter part of the pandemic, the surge in interest rates and the market’s subsequent rebound — ARKK is down more than 50%, even as the Nasdaq 100 has seen gains of 80%.
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