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How Cathie Wooden plans to navigate uneven market waters now that she manages $54 billion

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Now that Ark Make investments has turn into a whale within the inventory market, stewarding the biggest actively managed ETF and garnering legions of followers, Cathie Wooden faces the tough process of navigating uneven market waters because the “innovation” shares she’s championed face shaky floor.

Ark Make investments’s belongings beneath administration ballooned to just about $54 billion from about $3.9 billion this time final yr. Wooden has her personal Reddit fan web page after her flagship fund — Ark Innovation — returned practically 150% in 2020.

However the fund misplaced about 15% this week amid weak spot in expertise shares pressured by rising rates of interest. For less than the second time this yr, Wooden’s Ark Innovation noticed outflows to the tune of $465 million on Wednesday.

This robust week revealed Wooden’s technique: Purchase the dip on the revolutionary shares that received her right here. And regardless of one tough day of outflows, this week confirmed her buyers aren’t as fickle as perceived and will consider in her long-term philosophy as effectively.