Cathie Wood, the Chief Investment Officer and CEO of New York-based Ark Investment Management, has become popular among investors because of her "disruptive innovation" investment strategy that involves implementing an iterative process that combines top-down and bottom-up research.
Over the past 24 months, Wood’s flagship fund, ARK Innovation ETF (ARKK), has delivered returns of approximately 35%, excluding dividend contributions. On a total return basis, i.e., when taking dividends into account, the ARK fund has delivered a 39% return, outperforming institutional investment mogul Warren Buffett. ARKK's 10% gains over the past five days have outpaced the broad SPDR S&P 500 ETF Trust (SPY) 2% gains over the same period.
