“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.”
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"We've been in a terrible bear market for innovation," she admitted."However, if you look from the bottom of the coronavirus to that peak [of the Ark Innovation ETF] in February of '21, we were up 358%."This is breaking news. Please check back for updates.
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