Cathie Wood: Tech investor is reducing her exposure to stocks

Cathie Wood

The investor’s flagship fund has lost more than 50 percent of its value this year.

(Photo: Bloomberg)

Dusseldorf Investor Cathie Wood has remained true to herself this year, even in the context of falling prices: She is consistently counting on rising prices for tech stocks. She saw price losses as an opportunity to buy cheaply from her favorites. Until now.

Because in August, Wood sold more shares than bought with her flagship fund ARKK. This emerges from the publications of her investment house Ark Invest, which the Handelsblatt evaluated: According to this, she bought new shares worth around 280 million dollars, but sold titles worth more than 300 million dollars.

Wood has not yet commented on their sales. It is unlikely that she has changed her strategy. Another explanation would be more plausible.

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