Cathie Wood’s Fintech ETF Bleeds Assets After 93% Return Last Year. https://assets.bwbx.io/images/users/iqjWHBFdfxIU/iF537QtwneHY/v1/2000x1331.jpg
Cathie Wood’s retail army has gone AWOL all year – even in her best-performing exchange-traded fund. Despite a 27% rally in its biggest holding, Coinbase Global Inc., spurred by the great crypto revival, the ARK Fintech Innovation ETF (ticker ARKF) is flat this year compared to the S&P 500’s 5% gain and the tech-heavy Nasdaq’s 3% rise
It's worth noting that the performance of an ETF can be influenced by various factors, including market conditions, the performance of its underlying holdings, and investor sentiment. The recent performance of Cathie Wood's Fintech ETF suggests that it has faced challenges in delivering strong returns in 2024.