In the past year, the star investor achieved returns of more than 100 percent.
(Photo: Bloomberg)
Dusseldorf Tech stocks are currently under pressure: The Nasdaq technology exchange index lost 3.8 percent of its value this week. This is particularly bad for one investor: the American Cathie Wood, who with her investment house ARK focuses exclusively on technology and growth stocks.
Not only are their six exchange-traded, actively managed funds falling, their flagship fund ARKK lost 6.3 percent this week, while the broader S&P 500 lost just 2.2 percent. In addition, investors are withdrawing massive amounts of money from the funds, as data from the ETF Database analysis site shows.
The information is published with a time delay, so the latest data is as of Tuesday: Accordingly, investors withdrew more than $ 300 million from the ARK funds on that day alone. Together with Monday and Friday numbers, the outflows add up to $ 600 million.
There are three main reasons why tech and growth stocks are currently weak:
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