Home Business Cathie Wood’s ARK Innovation turns positive for the year as growth stocks surge

Cathie Wood’s ARK Innovation turns positive for the year as growth stocks surge

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Cathy Wood

Crystal Mercedes | CNBC

After a tumultuous first half of 2021, Cathie Wood’s flagship fund — ARK Innovation — just went positive for the year as investors begin to give growth names a nod.

The largest actively managed ETF rose about 1.5% on Thursday, bringing its year-to-date gain to just shy of 1%. The innovation fund has rallied more than 5% this week and over 12% this month.

Since bottoming on May 13 — a day after the hottest inflation reading since 2008 — the fund is up about 25%.


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