Cathie Wood’s flagship fund, the ARK Innovation ETF (CBOE: ARKK), remains under pressure as both its performance and investor demand continue to weaken.
The ETF has fallen to its lowest level in three months and is down 15.5% from its year-to-date high, weighed down by the continued decline in many of its largest holdings.
ARKK ETF Outflows are Rising Wood is continuing to lose investor support as outflows from her flagship ETF accelerate.
According to ETFDB data, the fund recorded more than $123 million in net outflows in July alone.
Over the past 12 months, investors have withdrawn more than $1.49 billion, while cumulative net outflows over the last five years have climbed to $6.7 billion.
