Just some years in the past, for those who learn monetary information in any respect, it was not possible to keep away from headlines about Cathy Wooden’s ARK Innovation fund. The fund’s efficiency was off the charts.
What occurred subsequent is a narrative we’ve seen earlier than, time and again: {dollars} pour into the fund, as buyers don’t need to miss out, after which the fund’s efficiency going ahead it not nice. On this specific case although, it wasn’t simply mediocre efficiency. It has been a catastrophe for buyers.
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