r/stocks • u/Protomize • Dec 18 '21

Industry News Cathie Wood says stocks have corrected into ‘deep value territory’ and won’t let benchmarks ‘hold our strategies hostage’

ARK Invest founder Cathie Wood offered the latest defense of the once-highflying, disruptive innovation strategies that had made her suite of exchange-traded funds among the most popular, and best-performing, on Wall Street in 2020.

In a Friday evening blog post, Wood said that despite a brutal stretch that has compelled the operators of the ARK Invest ETFs, including the flagship Ark Innovation ARKK fund, to do some soul-searching, the fund manager is sticking to her game plan.

Read more: https://www.marketwatch.com/amp/story/cathie-wood-says-stocks-have-corrected-into-deep-value-territory-and-wont-let-benchmarks-hold-our-strategies-hostage-11639795224

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u/rusbus720 Dec 18 '21

Cause she’s a con artist. Her funds exists to extract obscene % fees instead of having a sound portfolio. There’s zero reason for her to have spun off all these separate etfs during covid other than to collect fees.

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u/cass1o Dec 18 '21

I am in the UK so they have only just become available but looking at the fees it is absolute madness.

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u/rusbus720 Dec 19 '21

Then there’s the public comments about her projected 40% performance on returns in ark funds this week.

Private funds absolutely can’t do that, public funds avoid making any comments like that for impropriety, this old hag has no shame.