
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.