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Cathy Wooden
Crystal Mercedes | CNBC
After a tumultuous first half of 2021, Cathie Wooden’s flagship fund — ARK Innovation — simply went constructive for the yr as buyers start to offer development names a nod.
The biggest actively managed ETF rose about 1.5% on Thursday, bringing its year-to-date achieve to only shy of 1%. The innovation fund has rallied greater than 5% this week and over 12% this month.
Since bottoming on Could 13 — a day after the most popular inflation studying since 2008 — the fund is up about 25%.
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