The Ark Funds ETFs have been hit hard in 2022 with growth stocks among the laggards as investors turned to value stocks. Many stockholders have begun to question high multiples attached to once favored high growth “innovative” companies. Further pressure could come for Ark Funds this week with earnings reports of several large components.
What Happened: Four of the top ten holdings of the flagship Ark Innovation ETF (NYSE:ARKK) report earnings this week, which could put further pressure on the ETF and others that include the stocks.
