Cathie Wood Clues at New Fund With Private Ventures

Asset manager Cathie Wood implied that she would create a Fund that would incorporate private investments.

On June 9 Cathie Wood gave hints that she would be starting up a crossover fund soon. It shall include public as well as private investments.

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Wood jumped to popularity when her young, "disruptive" technology stocks took off in 2020 which gave an arrival of 153% that year.

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Yet, the asset has descended as technology stocks have tumbled. Ark Innovation fell 23% last year and has surrendered 55% so far in 2022.

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The fund’s biggest holdings are Zoom Video Communications (ZM), Roku (ROKU), Tesla (TSLA), Crispr Therapeutics (CRSP)

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As Ark Innovation and other Wood funds have tumbled lately, she has safeguarded herself by saying that she has a five-year investment horizon.

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But, the five-year annualized return of Ark Innovation added up to 10.79% through June 8, a long ways behind the S&P 500's 13.09% return.

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Private sectors are innately unstable, and even experienced financial backers can experience cruel misfortunes.

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