As 2020 comes to a close, it’s hard to find a more successful fund manager than Cathie Wood, the chief executive and chief investment officer of ARK Invest.
ARK’s flagship fund, the ARK Innovation ETF ARKK, -2.32%, has jumped 154% this year, trouncing the 43% rise for the Nasdaq Composite COMP, -0.87%, and other ARK funds including the ARK Genomic Revolution ETF ARKG, -1.23% also have had meteoric gains. The only real sour note came this week, with both losses in the funds and, uniquely, outflows. But according to FactSet Research, the innovation fund has drawn in $9.4 billion in flows this year, the genomic fund has gobbled up $5 billion in assets, and its next-generation internet fund ARKW, -1.94% has attracted close to $3 billion in flows.