If you think the economy is stuffed in the long run watch this video

[BSdetect]

So many concepts to consider.

[mahatmakanejeeves]

1. Ark Invest has lost 70% of its assets since February 2021.

Ark Invest

Type: Privately held company
Industry: Asset management
Founded: 2014; 8 years ago
Products: Exchange-traded funds
Website: ark-invest.com

ARK Investment Management LLC is an American investment management firm based in St. Petersburg, Florida that manages several actively managed exchange-traded funds (ETFs). It was founded by Cathie Wood in 2014. As of February 2021, the company had $50 billion in assets under management. By May 2022, assets had dropped to $15.9 billion, after a period of poor performance.

History

In 2014, after Cathie Wood's idea for actively managed exchange-traded funds based on disruptive innovation was deemed too risky by AllianceBernstein, where she was chief investment officer of global thematic strategies, she left and founded Ark Invest. The company is named after the Ark of the Covenant. Wood, a devout Christian, was reading the One-Year Bible at the time of founding. It is also a backronym for Active Research Knowledge.

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