Published on 2 Jun 2024 on Motley Fool via Yahoo Finance
Cathie Wood first gained notice as a top growth investor when her flagship ARK Innovation ETF (NYSEMKT: ARKK) soared 85% in 2017. She then followed that up with returns of 35% in 2019 and a whopping 149% in 2020.
With the fund's huge 2020 returns, Wood's popularity soared, and investors poured money into her ARK Innovation ETF. She became renowned as an investment guru with great insights into stocks at the cutting edge of technology.