Maverick investor and fund manager Cathie Wood is known for taking outsized bets on companies where she has total conviction. Sometimes, these bets have paid off handsomely, while others have plummeted sharply after early gains - think Zoom (ZM).
However, 2023 has been a decent year for the seasoned investor so far, considering her flagship fund - the ARK Innovation ETF (ARKK) - is edging out the Nasdaq Composite ($NASX). The ARK Innovation ETF, which manages net assets of roughly $9.3 billion currently, is up 31.3% on a YTD basis, compared to a gain of 29.3% for the Nasdaq.
