Cathie Wood’s Ark Invest posts 6% weekly gain amid turnaround in innovation names


Cathie Wood’s Ark Invest funds, which slid whereas traders flocked to worth shares earlier this 12 months, staged a comeback final week in what may very well be a turning level for the innovation fund.

Ark Invest’s flagship ETF — ARK Innovation — notched a 6% gain final week, as traders shrugged off inflation fears and rates of interest continued to come back down (the 10-year Treasury was beneath 1.43% on Friday, a three-month low). The innovation fund is up 16.7% during the last month, which might mark a crucial second for the battered ETF.

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