Well-known investor Catherine D. Wood is the founder, CEO, and CIO of Ark Invest, an investment management firm. Its flagship fund, ARK Innovation ETF (ARKK), seeks to generate long-term capital appreciation by investing in businesses across the globe that benefit from disruptive innovation.
However, Wood’s ARKK ETF has faced a rough patch amid uncertain market conditions this year. Recurring increases in interest rates by the Federal Reserve and a strengthening dollar have aggravated concerns of an economic downturn. Even the United Nations have called on the Fed and other central banks to halt interest rate increases.
