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International Business Times UK
International Business Times UK
Niloy Chakrabarti

Ark Invest CEO Cathie Wood Boosts Stake in Firms Making Breakthroughs in Gene Editing, AI Drug Development, and Obesity Drugs

Cathie Wood Ark Invest Amgen Obesity Absci Prime Medicine FDA Prime
The Ark Genomic Revolution ETF is now worth $1.34 billion. (Credit: LinkedIn)

Ark Invest CEO Cathie Wood shot to fame when all the exchange-traded funds (ETFs) managed by her investment management firm jumped by over 100% each in 2020 compared to the S&P 500's mere 16% returns.

Wood is known for her singular investing approach and bets on disruptive, high-growth firms, including generative AI, genome development, autonomous robotics, space exploration, cryptocurrency, and 3D printing. With the philosophy that today's disruptive innovation will shape tomorrow's future and is the shortest path to growth, Wood often takes bold calls and treads investing paths Wall Street majors usually avoid.

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