By David Randall NEW YORK (Reuters) - A swift sell-off in technology stocks and surge in Treasury yields are punishing Cathie Wood's flagship ARK ...
STORY CONTINUES BELOW THESE SALTWIRE VIDEOSBy David Randall
Wood, whose $7.2 billion fund is well-known for its large bets on companies such as Tesla, Roku and Coinbase Global, remains one of the best-performing fund managers for the year to date. Despite its steep losses this month, ARK Innovation is up nearly 29% so far this year, a performance that puts it in the top 2 percentile of all U.S. mid-cap growth funds tracked by Morningstar.
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