Overboard ๐Ÿšข

Table of Contents

Overboard

One of the most prominent female CIOs on Wall Street is Cathie Wood, who is ARK ETFs Chief Investment Officer and leads the development of ARKโ€™s philosophy and investment approach. ARK focuses primarily on disruptive innovation and offers investment solutions to investors seeking long-term growth in the public markets. ARK ETFs made over 100%+ gains in 2020. However, in 2021, the ETF has ranked as one of the worst-performing funds. Since May of this year, the ETF has been recovering slowly from trenches. One of the most recent moves made by Cathy Woods was a dump on Chinese Stocks.

The move was made because of the Chinese government increasingly cracking down on private companies. The latest regulatory crackdown in China targeted tutoring and education companies on Friday, with companies like TAL Education, Gaotu Techedu, and others dropping over 50%. The move was one in good spirits though and helpful for students as the government banned tutoring on holidays and weekends to lessen the burden of work on students. Bigger companies like Alibaba and Tencent suffered earlier this year as they both got hit with anti-monopoly measures and fines from the government. All in all, there has been an investor exodus when it comes to Chinese stocks and the ARK ETFs are the latest to join the trend. Furthermore, some speculate this could help US stocks as investors would theoretically rotate out of mega cap Chinese tech stocks and into their US equivalents such as Amazon, Apple, Microsoft, and Google. What do you think about ARK dumping their Chinese equities, and was this a strategic move?

I am not a financial advisor and my comments should never be taken as financial advice. Investments come with risk, so always do your research and analysis beforehand.

Share:
More Posts
Get your daily Invstr Crunch

Get the market news and updates you need, delivered to your inbox or available on our daily podcast.

Risk Disclosure:

Invstr is not a bank and banking services are provided by Vast Bank, N.A.

Brokerage and Banking services are currently only available to U.S. residents.

Invstr app and web services are provided by Invstr Ltd. Advisory services are provided by Invstr Financial LLC, an investment adviser registered with the Securities Exchange Commission (SEC) details of which can be obtained here. Securities brokerage and custody services are provided by Apex Clearing, a broker dealer registered with the SEC and a member of FINRA and SIPC. There is no bank guarantee on securities and securities may lose value.

Investing involves risk and can lead to losses. Past performance does not guarantee future results.

Invstr app and web services are provided by Invstr Ltd. Invstr+ advisory services are provided by Invstr Financial LLC, an investment adviser registered with the Securities Exchange Commission (SEC). Securities brokerage and custody services are provided by Apex Clearing, a broker dealer registered with the SEC and a member of FINRA and SIPC. There is no bank guarantee on securities and securities may lose value. Vast Bank N.A. a nationally chartered bank and member of the FDIC, provides the banking products, including the products and services related to digital asset accounts. As with any asset, the value of Digital assets can go up or down and there can be a substantial risk that you lose money buying or holding digital assets. You should carefully consider whether trading or holding Digital assets is suitable for you in light of your financial condition. Your digital account does not support wallet to wallet transferring of your digital assets (i.e. cryptocurrencies) outside the platform. Any Digital Assets in your digital asset account are not insured by any government entities, including but not limited to FDIC or SIPC. The Invstr Visaยฎ Debit Card is issued by Vast Bank, N.A. pursuant to a license from Visa U.S.A Inc and may be used everywhere Visa debit cards are accepted. Invstr Ltd, Invstr Financial LLC and Invstr Securities Ltd are subsidiaries of Marketspringpad Holdings (collectively “Invstr”) and Invstr is solely responsible for the application services and website content.

Watchlists provided when users first access the service are not a recommendation to invest. Instead they are provided to help users better navigate the service. Users are free to edit and create their own watchlists. From time to time, Invstr will suggest instruments solely based on an individual’s interest and the interest levels of the Invstr community. The statistical and portfolio builder models generated by Invstr do not reflect actual investment results and are not guarantees of future results. Comments provided by Invstr leaders, influencers or members of the Invstr Community are not recommendations and should not be construed as such. Invstr does not endorse the content or the positions posted by them. Their investment approach, and that of the models provided by Invstr, may be different from yours and may not be appropriate for you.