The well-known tech investor only bought new shares worth almost 90 million dollars in February.
(Photo: Reuters)
Dusseldorf Rising interest rate expectations have slowed the rally in tech stocks. Star investor Cathie Wood’s flagship fund ARKK lost almost one percent in February after achieving the best result in its history in January.
Even Wood himself apparently no longer sees any buying prices after the strong recovery in the industry: While the 67-year-old always used the sharply falling prices to buy shares last year, she is becoming cautious at the higher price level. This is shown by an evaluation by the Handelsblatt, which includes all ARKK share purchases and sales in February.
According to this, Wood only bought new shares for just under $ 90 million last month – this is the lowest value since the Handelsblatt started calculating in January 2022.
In February, she only made significant purchases in the double-digit million range from two companies.
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