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Trackinsight: Outflows continue to leak from Cathie Wood's ARKs

12/02/2021 | 10:30am EST

ARK Genomic Revolution, ARK Innovation ETF, ARK Fintech Innovation and ARK Next Generation Internet have heavily underperformed the broader market this year.

ARK Invest have witnessed their 6th straight week of outflows totaling $1.8 billion, as investors desert the failing fleet. ARK Genomic Revolution (-35%), ARK Innovation ETF (-20.8%), ARK Fintech Innovation (-11.33%) and ARK Next Generation Internet (-10.88%) have heavily underperformed the broader market this year (S&P 500, +20.15%), undermining again the effectiveness of active management versus the passive approach.

The 3D printing ETF (+6.7%) and ARK Autonomous Technology & Robotics ETF (+3.9%) managed to escape the sinking ARKs with modest gains, while the ARK Israel Innovative Technology ETF dipped by -4.3% this year, a huge disappointment compared to Israel's local benchmark Index (TA-125, +24.6%).

ARK invest is set expand its ETF range with the launch of ARK Transparency ETF (CTRU) on December 8th, 2021. CTRU will track the Transparency Index (TRANSPCY) and will invest in the 100 most transparent companies in the world.

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© www.trackinsight.com 2021
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