The tech investor bought more than $170 million worth of shares with her flagship fund in April.
(Photo: Reuters)
Dusseldorf The stock market rally of technology stocks this year is impressive: The US tech index Nasdaq 100 has risen by 21 percent since the beginning of the year, seven times as much as the leading index Dow Jones. The first experts are therefore warning of a tech bubble that could burst.
Cathie Wood doesn’t seem to care too much about this warning, however. The well-known tech investor continues to buy heavily: In April, the fund manager acquired more than $170 million worth of tech shares with her flagship fund, ARKK. This emerges from the reports from your company Ark Invest, which the Handelsblatt has evaluated.
In April, she invested a similar amount to the previous month ($180 million), when she had doubled her purchases. Wood invested the most money in shares of the electric car manufacturer Tesla with around 60 million dollars. However, the investments in two biotechnology stocks are particularly striking.
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