This has to be the worst performance in fund management history.
Really no excuse frankly. At one time she sold some stocks that
would have diversified her a little more (she owned some big
healthcare names I remember for example) but she sold them and
bought more and more of the stocks that were getting killed,
unprofitable companies, ROKU, ZM, all her top 10.
Here's the funny part, her investment thesis is actually bearish
for her own portfolio.
Maybe she will be right a few years from now, question will be
if her investors are solvent. The way the math works is you go down
50%, you now need 100% to get back to even, tough sledding. The
high on ARKK was $159s. Today it closed at $53.34.
Posted by jtsurfah on 22nd of Apr 2022 at 01:18 am
I think her point is to provide a sector / factor ETF for money
managers looking for a simple way to add exposure. No money manager
in their right mind would hold ARKK as a large percentage of a
portfolio, but it's been useful for gaining exposure in "risk on"
environments. I've never her heard her describe it as a
"diversified" solution. It's in my toolbox as a future shortcut
when I sense I turn in those type of names.
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Cathie Wood’s ARKK holdings all traded
Posted by fundamentalvalues on 21st of Apr 2022 at 04:59 pm
Cathie Wood’s ARKK holdings all traded lower Thursday -- except for Tesla.
This has to be the worst performance in fund management history. Really no excuse frankly. At one time she sold some stocks that would have diversified her a little more (she owned some big healthcare names I remember for example) but she sold them and bought more and more of the stocks that were getting killed, unprofitable companies, ROKU, ZM, all her top 10.
Here's the funny part, her investment thesis is actually bearish for her own portfolio.
Maybe she will be right a few years from now, question will be if her investors are solvent. The way the math works is you go down 50%, you now need 100% to get back to even, tough sledding. The high on ARKK was $159s. Today it closed at $53.34.
I think her point is
Posted by jtsurfah on 22nd of Apr 2022 at 01:18 am
I think her point is to provide a sector / factor ETF for money managers looking for a simple way to add exposure. No money manager in their right mind would hold ARKK as a large percentage of a portfolio, but it's been useful for gaining exposure in "risk on" environments. I've never her heard her describe it as a "diversified" solution. It's in my toolbox as a future shortcut when I sense I turn in those type of names.