Every Monday in March we’re going to shed the spotlight on some of the top female entrepreneurs on Wall Street.
Today’s Big Hitter: Cathie Wood’s Ark Invest
In the traditionally male-dominated world of investing, too often the success of female investors has been overlooked. However, when a fund manager begins to dwarf the performance of industry titans like Warren Buffett, then only a fool would ignore it.
In steps Cathie Wood.
Who is Cathie Wood?
Catherine D. Wood is the founder, CEO, and CIO of Ark Invest, one of the best-performing investment management firms in the U.S. Since its inception in 2014, it has risen to the top of the pile in wealth management. See for yourself how it stacked up in 2020:
- Ark Innovation: +152.52%
- S&P 500: +16.3%.
- Berkshire Hathaway: +2.4%
Wood has changed the game when it comes to ETF investing, taking the key long-term rule of diversifying one’s portfolio, and applying it to her strategy. As of March 2021, Ark Invest has five main ETFs — with plans for a sixth ‘Space ETF’ in the pipeline — and a strategy focused on 5 different themes for innovation:
- DNA technologies (genomics).
- Energy storage.
- Autonomous technology.
- Next-generation Internet services.
For each of these ‘themes’, the ETF has a team that researches the best and brightest in this area, spanning across various industries, ensuring diversity and reducing volatility.
If you had invested in any one of these funds a year ago, you’d have more than doubled your money, and you’d have Cathie Wood to thank for it. Ark is a very modern wealth management fund, almost like some sort of parallel universe Berkshire Hathaway if it decided to focus on modern, innovative industries instead of old-world money. As of March 2020, Ark’s top 5 holdings are Tesla, Roku, Square, Teladoc, and Spotify.
For future-facing investors, look no further than Cathie Wood, who has led Ark Innovation from strength to strength, and is showing no signs of slowing.
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MyWallSt operates a full disclosure policy. MyWallSt staff currently holds long positions in companies mentioned above. Read our full disclosure policy here.
Editor at MyWallSt
Jamie is the Content Editor here at MyWallSt. His favorite stock is Apple, which is also the first stock he ever bought. Jamie is not only a big fan of its products, but he believes that the tech giant has a whole lot more to give the world, and hasn't even scraped the surface of its potential.