‘We’re investors, we’re not supposed to mimic benchmarks’: Cathie Wood of Ark Invest

Known for her ‘active ETF’s’ enormous returns during the pandemic, thanks to big bets on the likes of Zoom and Tesla, Cathie Wood is synonymous with bold investing. But, while she has many accolades, her style and bold takes have not gone without criticism. The fund’s performance has been mixed, witnessing huge swings up and down since its inception, which some critics blame on her heavy reliance on instincts and poorly timed exits. In this episode, Dave Baxter and Cathie discuss those criticisms alongside the automated vehicle space in the US and China, digital wallet companies, and what it would take for Ark to buy more of the Magnificent 7.Timestamps 1:15 Tesla 9:05 How sensitive is the Innovation Fund to AI euphoria12:42 Risks in some of the stocks & Tesla’s risks in China15:18 Digital wallets ie. Coinbase & Robinhood20:24 Zoom23:57 The Magnificent 7 & what happens next29:46 Cathie’s take on inflation and interest rates31:53 How much politics is influencing stockpicks 34:11 The Innovation ETF’s focus on the US and looking further afield37:38  Merit to regulation39:04 Controversy around intellectual property and AI 41:58 Criticism of Ark’s approach and how the funds are run47:32 Poorly timed exits & NvidiaClaim your first 12 weeks of Investors' Chronicle Print + Digital for just £12. You will get instant access to our website and app, plus the magazine delivered to your door every week. To start your trial, visit www.investorschronicle.co.uk/podcasttrial *After your 12-week trial you will pay just £62 every 13 weeks by direct debit. If you’re not entirely satisfied, you can cancel up to 5 business days before your renewal date and only pay the £12 already debited. This offer is for UK subscribers only. Hosted on Acast. See acast.com/privacy for more information.