Catherine Wood, chief executive officer of ARK Investment Management LLC, speaks during the Milken Institute Global Conference in Beverly Hills, Calif
Catherine Wood, chief executive officer of ARK Investment Management LLC, speaks during the Milken Institute Global Conference in Beverly Hills, California, on Monday, Oct. 18, 2021.
Kyle Grillot | Bloomberg | Getty Images
Cathie Wood defended her firm’s innovation-focused portfolio, saying she sees “spectacular returns” for Ark Invest over the next five years.
“Given our expectations for growth in these new technologies, I think we’re going to see some spectacular returns,” the Ark Invest CEO told CNBC’s “Capital Connection.”
Her comments come after her firm’s flagship fund has been caught in the recent tech-led sell-off. The Ark Innovation ETF has nearly halved in the past 12 months.
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