Wood’s flagship fund has already amassed $ 234 million in assets ■ Arc fell 20% this year, while Shtetl jumped 22%
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The controversial ETF, whose entire purpose is to exploit weaknesses in Kathy Wood’s flagship fund, has amassed $ 234 million in assets, amid a fall in Wall Street technology stocks since the beginning of the year. The Tatal Capital Short ETF (NYSE: SARK), less than three months old, is now enjoying impressive growth of more than 50%, despite a subdued opening. About $ 200 million of the fund’s assets come from an investment flow, indicating the demand among investors for short bets against Wood’s famous fondness for disruptive technologies. Wood Investment’s Management Company tends to invest in companies with high growth and problematic profit forecasts, which are shaken by soaring government bond yields. Funds …
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