US fund manager Cathie Wood has her share of fans — the seven US-listed ETFs in her Ark fund have pulled in close to $17bn this year to mid-March alone, bringing the total assets under management to over a whopping $50bn. One of her funds returned close to 150% in 2020.
Her share of detractors has also grown. Concerns about the mammoth-sized weight of her holdings in smaller companies and the potential impact if redemptions swell have crossed the pond to reach European investors, too.
