Of the 28 individual stocks that the tech investor’s fund recently held, only eight made profits.
(Photo: Bloomberg)
Dusseldorf In recent years, the flagship fund of tech investor Cathie Wood has been a good leading indicator for the stock market: it rose by almost 150 percent in the corona year 2020 before the rally for the year as a whole. In 2021 it already fell when the overall market was in the final phase of its rally, and in the weak stock market year 2022 it collapsed by almost 67 percent.
That’s why many investors are now paying particular attention: Since the beginning of the year, Wood’s ARKK fund has already increased by more than 29 percent. If it stays at that level, it would be the best monthly result since the fund launched in 2014.
The question that is in the air: Contrary to all expectations, will companies that focus on growth instead of profits, so-called super-growth stocks, return to the stock market this year?
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