The total assets of "Sister Wood"'s funds have shrunk rapidly, and the flagship ETF has fallen 16% this year.

So far this year, investors have pulled a net $2.20 billion from six active exchange traded funds managed by Cathy Wood's ARK Investment Management, and total assets have fallen 30 per cent to $11.10 billion in less than four months, after ARK peaked at $59 billion in early 2021.
Todd Rosenbluth, head of research at data provider VettaFi, said this year should be a good one for ARK, but they are focused on investing in underperforming companies.
The value of the flagship fund ARK Innovation fell by 16%, mainly due to its concentration in a few stocks: its largest holdings in Tesla have fallen by more than 40% this year; other major holdings such as Roku (down 33%) and Unity Software (down 44%) have also dragged down.
By the end of last year, ARK funds had lost more wealth than any other asset manager in the past decade, according to Morningstar data, with investors losing a total of $14.30 billion.