The star investor bought, among other things, the streaming service Roku and the e-commerce platform Shopfiy.
(Photo: Bloomberg)
Dusseldorf April was devastating for star investor Cathie Wood: The price of her tech fund ARK Innovation (ARKK) fell by 28.9 percent. That was the largest loss in the past six years and the sixth consecutive monthly loss. This year alone, the ARKK has halved its value. Since the all-time high in February 2021, the loss has even been 70 percent.
At the beginning of April it still looked as if the correction was over. The price rose from $52 in mid-February above the $70 mark. But the prospect of significant interest rate hikes by the US Federal Reserve caused the price to collapse again.
Regardless, Wood has accelerated her stock purchases. After the 66-year-old had largely stopped doing so with the start of the Ukraine war, she resumed buying in April and acquired shares worth almost $280 million. This emerges from reports from their investment house Ark, which the Handelsblatt has evaluated.
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