Cathie Wood’s funds are posting double-digit losses this year, leading some investors to wonder whether it’s time to move on.
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For all the losses piled up by Cathie Wood’s flagship fund over the past year, investors have repeatedly refused to give up on a rebound, pouring almost $1.5 billion into the ARK Innovation exchange-traded fund in 2022.
The latest round of inflation figures, which unexpectedly reached a 40-year high, could prove to be the biggest test yet for those who bet on Wood, the Ark Investment Management founder who has long argued that deflation is the bigger risk than accelerating price growth.
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