ARKK Loses $313 Million as Investors Withdraw Amid Poor Performance
The ARKK ETF has experienced significant outflows of over $313 million this year amid poor performance compared to major market indices. With assets under management now at $7.2 billion, down from a peak of $29 billion, the fund's five-year loss stands at 37.88%, lagging behind gains in passive funds like QQQ and SPY.
Topics: active management performance ARKK Cathie Wood ETF outflows