Cathie Wood makes a purchase for $55 million

Dusseldorf In 2022, not only many shares of stock market stars in the technology industry crashed. Some well-known investors who had made spectacular profits during the rally also suffered painful price losses – like Cathie Wood. The ARKK flagship fund of your investment house lost 63 percent in value in the past year.

One reason for the poor performance is the weak development of Tesla shares. The electric-car maker’s stocks have long been the largest position in the ARKK, but lost 65 percent in value last year and are now only Wood’s third-largest position behind video service Zoom and molecular diagnostics company Exact Sciences.