Cathie Wood's 'phenomenal rise' brings ETF assets to US$60B

Cathie Wood's 'phenomenal rise' brings ETF assets to US$60B
Claire Ballentine, Bloomberg News
Cathie Wood, chief executive officer and chief investment officer of ARK Investment Management LLC, speaks during the Sooner Than You Think conference in the Brooklyn borough of New York, U.S., on Tuesday, Oct. 16, 2018
, Photographer: Bloomberg/Bloomberg
It’s another milestone for Cathie Wood’s Ark Investment Management.
Less than two weeks after hitting US$50 billion in assets, the red-hot firm now manages more than US$60 billion, as funds flow into Wood’s exchange-traded funds at the fastest pace ever. Last week alone, the Ark family added almost US$3.8 billion with five of its funds notching record weeks of inflows, according to data compiled by Bloomberg.

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