$2B Pulled From Cathie Wood's ARKK ETF in 2024 So Far

What We’re Showing

This graphic shows monthly fund flow data for the ARK Innovation ETF (Ticker: ARKK). All figures come from VettaFi’s ETF Database, as of July 15, 2024.

Key Takeaway

Once the hottest ETF on the market, ARKK’s lackluster performance in recent years has led investors to withdraw billions of dollars in capital.

ARKK Sells Nvidia Too Early

While most ETFs passively track an index, ARKK is actively managed, meaning stocks are bought and sold by an investment team. This has the potential to generate above- or below-market returns.

In the case of ARKK, manager Cathie Wood made a massive blunder in early 2023 when she sold more than 1 million shares of Nvidia, just a few months before the stock began its historic rally.