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Benzinga
Benzinga
Business
Bhavik Nair

Cathie Wood's Funds Deliver Mixed Q3 Results: Ark Founder's Shares Take On Zoom, Roku, Teladoc And Blockchain

Cathie Wood-led ARK Investment Management’s flagship fund ARK Innovation ETF’s (NYSE: ARKK) performance during the third quarter was mixed relative to broad-based indexes, as it outperformed the MSCI World Index but underperformed the S&P 500 Index. 

Among the top drags were Zoom Video Communications Inc (NASDAQ: ZM) and Roku (NASDAQ: ROKU), the company’s third-quarter report pointed out.

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