• ARK CEO Cathie Wood said she was watching the innovations coming out of China very carefully.
  • In a CFA Institute dialogue, she shared the Chinese innovation trends and companies on her radar.
  • The conversation came amid a 12% YTD slump in Ark’s $22 billion flagship Innovation fund ARKK.

Cathie Wood’s Ark Invest has had a rough few weeks.

Her flagship strategy – the $22.1 billion Ark Innovation ETF (ARKK) – had fallen 7.8% year-to-date as of Wednesday, trailing 99% of its category peers, according to Morningstar data.

The slump in performance is in stark contrast with the fund’s 152.52% return last year, which trounced 99% of its competitors, the Morningstar data shows.

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