Cathie Wood’s ARKK ETF Sees Highest Quarterly Outflow On Record
Thursday’s market rout may have cemented Cathie Wood’s “flagship” innovation fund seeing its highest quarterly outflow to date.
$1.97 billion had been pulled from the “visionary” manager’s ETF through the end of late September, analysis provided by Bloomberg noted on Friday morning.
Outflow data lags by a day, so the number may vary slightly when September 30’s flows are calculated and logged.
This will mark a second quarter in a row of outflows, the writeup noted.