After some of the stock selling pressures that Ark Investment Management Company heavily no pledged , the outflow of funds from three index equity funds ( ETFs ) of Cathie Wood, the "women stock god" in charge of the company , set a record for the most in the company's history. .
According to Bloomberg's data, the company's flagship fund product Ark Innovation ETF (transaction code: ARKK) outflowed US$465 million on the 23rd. Investors withdrew US$202 million from the Ark Biogenetic Innovation ETF (ARKG), and Ark Next Generation Network ETF (ARKW) also flowed US$119 million.
As Ark’s assets under management reached 60 billion U.S. dollars as of last week, these outflows are only a small part of it, but this is the largest capital flight that this company founded in 2014 has encountered in history,] And this time Outflows are more than three times higher than the previously written record.
The main reason why Wood's ETFs have been hit is that US technology stocks are under heavy selling pressure, which has caused the company's most-owned Tesla to fall. Wood told Bloomberg TV on the 23rd that she would like to see this correction and that she bought more Tesla shares on dips.
According to a Reuters report, Ark said on the 24th that when Tesla's stock price plummeted, the company had bought more than $171 million worth of Tesla shares; Tesla's closing price on the 23rd was the first time this year to fall below $700.
According to the official website of Ark Investment Management, the company bought Tesla in three batches this time, with the purchase value of US$124 million, US$39 million, and US$8 million. In addition, Ark also sold TSMC (2330) shares worth US$126 million on the same day .
Ark's innovative ETF with assets of US$26.6 billion achieved triple-digit performance last year and was one of the best performing ETFs last year. However, the fund is implicated by Tesla, and its performance this week has fallen sharply. After all, Tesla accounts for 10% of the fund's holdings, and some of the company's stocks have also fallen sharply.
After a large inflow of funds last year, more and more people have begun to short this fund. According to data from IHS Market, Ark's short order balance currently accounts for more than 3% of the number of tradable stocks, setting a record high.
