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By Michael Wursthorn Cathie Wood s new ARK Space Exploration & Innovation ETF is already on track to be one of the most successful fund launches ever despite criticism that it doesn t necessarily reflect the nascent space-exploration market. Investors poured $445.6 million into the actively managed exchange-traded fund, known as ARKX, in its first four days of trading, according to FactSet data through Monday. That trounces the industry average of three years to gather $100 million and puts the fund on course to top $1 billion in assets within days, analysts said. Such a milestone would put the fund in rare company: The fastest ETF to reach $1 billion was State Street s SPDR Gold Trust fund, which hit the mark in just three days back in 2004.
Cathie Wood Extends Hot Streak With Space ETF — Update morningstar.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from morningstar.com Daily Mail and Mail on Sunday newspapers.
Experts have made clear that they don't expect economies around the world to bounce back from the Covid-19 shock at the same speed. But developments this week underscore the risk that Europe could fall even further behind the United States and China.
AstraZeneca woes are bad news for the global recovery kitv.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from kitv.com Daily Mail and Mail on Sunday newspapers.
Experts have made clear that they don't expect economies around the world to bounce back from the Covid-19 shock at the same speed. But developments this week underscore the risk that Europe could fall even further behind the United States and China.