Cathie Wood's Ark Has Delivered Just a 13.8% Annualized Return Since 2014, Roughly Matching the S&P 500. Should You Trust Her Bold Predictions for 2030?
Cathie Wood and Ark Invest have set some big targets for 2030. How should investors view them?
Cathie Wood is the founder and CEO of Ark Invest, an investment firm specializing in growth-focused ETFs. Wood and her team typically invest in sectors like computing hardware, software, fintech, biotech, and space. Besides managing ETFs, Wood is known for her forecasts and predictions about the future. However, the Ark Innovation ETF she manages, launched in October 2014, has only delivered an annualized return of about 13.8% since then, which is almost identical to the S&P 500's average annualized return over the same period.
Given that the ETF hasn't significantly outperformed the benchmark index since its inception, one might question whether investors can still trust Wood and Ark's ambitious projections for 2030.
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