Business
Cathie Wood is the ‘Money Tree’ for South Korean retail investors – Aljazeera.com
In 2021, investors have funnelled almost $11bn to Wood’s funds, and her approachable persona draws in newcomers.
In South Korea, retail investors have given Cathie Wood a nickname: Money Tree. Looking at the pile of cash now managed by Ark Investment Management, its easy to see why.
Arks exchange-traded fund assets under management crossed $50 billion this week, up from only $3.6 billion at this time last year, according to data compiled by Bloomberg. In 2021 alone, investors have funneled almost $11 billion in Woods family of funds.
The new record underscores the flood of money pouring into thematic products,…
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