Cathie Wood says she still expects to see ‘spectacular returns’ over the next 5 years
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Catherine Wooden, chief govt officer of ARK Funding Administration LLC, speaks in the course of the Milken Institute International Convention in Beverly Hills, California, on Monday, Oct. 18, 2021.
Kyle Grillot | Bloomberg | Getty Pictures
Cathie Wooden defended her agency’s innovation-focused portfolio, saying she sees “spectacular returns” for Ark Make investments over the following 5 years.
“Given our expectations for development in these new applied sciences, I believe we’ll see some spectacular returns,” the Ark Make investments CEO advised CNBC’s “Capital Connection.”
Her feedback come after her agency’s flagship fund has been caught within the latest tech-led sell-off. The Ark Innovation ETF has practically halved prior to now 12 months.
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