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NEW YORK(Reuters) - Individual investors have given a cold shoulder to Cathie Wood s ARK Innovation Fund during their searing run this year, but some market watchers believe that may change if risk appetite keeps improving. The $8 billion fund, which outperformed all U.S. equity funds during the pandemic rally of 2020 but suffered a steep fall last year, is up nearly 37% year-to-date, outpacing broader markets. Despite those gains, the fund has notched more than $250 million in net outflows since the start of the year, according to Lipper data. That pattern has persisted during the market s recent leg higher: over $157 million has left the fund over the last eight weeks, a period in which its price gained nearly 15%. The tech-heavy Nasdaq 100, by comparison, is up 13% in that period.
By David Randall NEW YORK(Reuters) - Individual investors have given a cold shoulder to Cathie Wood's ARK Innovation Fund during their searing run thi.
Individual investors have given a cold shoulder to Cathie Wood’s ARK Innovation Fund during their searing run this year, but some market watchers believe that may change if risk appetite keeps improving. The $8 billion fund, which outperformed all U.S. equity funds during the pandemic rally of 2020 but suffered a steep fall last year, is up nearly 37% year-to-date, outpacing broader markets. ARK Invest, the fund's parent company, did not respond to a request for comment.