Cathie Wood's flagship ARK ETF is having one of its strongest months ever as traders bet high inflation is in the rear view
Cathie Wood's Ark Investment Management is having a killer start to the year, with all eight of the firm's exchange-traded fundsIn particular, the famed money manger's flagship Ark Innovation ETF may have one of its strongest monthly performances ever. ARKK is up 26% in the past month, trading at $38 on Tuesday.
Although there's still a week to go, the exchange-traded fund could surpass the 26% monthly returns it gave investors in early 2021. The surge in ARKK's price follows two low-performing years for the ETF, which is still down more than 75% from its record high. The fund's largest holdings, Exact Sciences Corp, is ahead 34% in the past month.
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