Finance

Nikko sticks with Ark's investment strategy despite hard times

Jenny Ruth
Fri, 21 Jan 2022

Nikko sticks with Ark's investment strategy despite hard times
Ark's Cathie Wood said markets are irrational currently. (Image: Ark Investment Management)
Jenny Ruth
Fri, 21 Jan 2022
Nikko Asset Management isn't among those bailing from Cathie Wood's Ark Innovation exchange-traded fund (ETF).In 2019, Wood called herself the most-trolled fund manager on earth, and she certainly seems to have a target on her back now.Wood's funds, which invest in technological disruption, have suffered huge price falls over the last year as well as significant funds outflows.However, she still had more than US$30 billion (NZ$44.34b) in funds under management at Dec 31, including more than US$16b in the innovation fund, according t...

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