Cathie Wood’s flagship Ark Innovation ETF erases all 2021 gains – BNN

A 24 per cent drop from its all-time high has left Cathie Woods flagship exchange-traded fund in the red so far for 2021.
The Ark Innovation ETF (ticker ARKK) traded down 4.4 per cent at 12:36 p.m. in New York, recovering a bit from its 5.7 per cent slump earlier in the day. Assuming that drop holds, it will easily see the US$22.9 billion fund erase all of its price advance for the year by the close of trading — the latest marker on the way down for what is still one of Wall Streets hottest products.

Click here to view the original article.