Summary List Placement
Cathie Wood emerged as the breakout star investor during one of the most chaotic years in Wall Street history.
While her career dates back to 1981, 2020 was the year when her performance and fund inflows earned her a cult-like following in the industry.
The $27 billion ARK Innovation ETF, her flagship exchange-traded fund, rose 150% last year, thanks partly to Tesla’s 730% gain. Her other funds that cover the fintech, genomic, and internet industries all landed on the list of the 10 best-performing ETFs of 2020.
Retail and professional investors alike took notice of Wood’s performance: Last year, Ark’s family of ETFs grew at the fastest proportional growth rate of any ETF or mutual-fund manager in a Morningstar database that goes back to 2000.
Ark ETFs continue to command the industry’s attention in 2021 by attracting new investor money at a pace that rivals stalwarts like BlackRock’s iShares and Vanguard. Even her less-popular index funds are in the top 10% of flows year-to-date, according to Bloomberg data.
Following Wood’s rapid rise over the past few years, there are questions about whether, and for how much longer, she can sustain her outperformance. Relatedly, the feverish appeal for …read more
Source:: Businessinsider – Finance