Fear is mounting on Cathie Wood’s Ark ETFs, with the company ranked 11th in the world, according to Bloomberg Intelligence.
After promoting a leading US group in the exchange, Ark Investment Management has begun to slip.
With nearly $ 42.4 billion in its ETFs, Cathie Wood now ranks 11th in the world in terms of sales, according to a Bloomberg Intelligence survey.
The fund manager rallied 10 tops earlier this year, encouraged by the floods as traders flocked to Wood’s vision. But competition is on the rise as light comes from Ark’s flagship $ 21 billion ARK Innovation ETF (ticker ARKK).
While the company’s stock has declined slightly, WisdomTree’s rivalry has improved. Currently, a growing number of Dimensional Fund Advisor players are playing in the Ark, less than $ 3 billion in dividends that they donated after major capital recently.
At the same time, ARKK has fallen more than 5% this year – up almost 150% by 2020 – as inflation expectations and inflation light up the kind of long-term betting that Wood loves.
“No one is rushing the door, but the market has not been in line with inflation starting in 2020,” said Dave Nadig, chief financial officer at ETF Trends. “Add that the stock growth of the ‘big cheap beta’ is a big move like the DFA currency exchange, and the head of leaders will start to move for a while. “
Stock prices Wood and Ark’s ETFs This success rate came to an abrupt end this year as the rise in Treasure results in more stocks growing faster.
Although prices have dropped in a few months, many of those aboard the Ark have not yet returned as fears rise.
In fact, Ark’s revenue remains $ 12.6 billion in revenue so far this year. It’s too early to hear about the company’s death, according to Eric Balchunas of Bloomberg Intelligence.
Wood’s total ETF crew accounted for nearly $ 15 billion last year. Assuming that most people did not come out, it is possible that “Ark mania” could be revived if the technology could re-emerge, he said.
“While Ark mania may die, Ark is alive and well with more than $ 40 billion, which is a huge amount of money for donors,” said Balchunas, an ETF researcher. “If they can stay strong during this difficult time, it’s exciting when you start again with a ‘bright thing’.”