Cathie Wood’s flagship fund is bleeding assets as its underperformance against benchmark US indices like the Russell 2000, S&P 500 and Nasdaq 100 continues.
ARK Innovation ETF Outflows are Rising The ARK Innovation ETF (CBOE: ARKK) has had a net outflow of $7 billion in the last 30 days, with its assets under management falling to $6.3 billion.
At its peak in 2021, the fund had close to $30 billion in assets under management.
Investors have sold their ARKK ETF holdings following years of underperformance.
Data shows that its total return in the last five years was minus 35%.
