A recent analysis report from Morningstar stated that Ark Invest, led by Cathie Wood, has lost about $14.3 billion in wealth over the past decade.

Ark Invest became popular in 2020 and 2021, with a high-risk preference for technology companies that benefited from low interest rates and increasing retail investment.

$ARK Innovation ETF (ARKK.US)$It surged nearly 150% in 2020, which helped drive rapid inflows to the fund and bring it close to historical highs.

The company attracted nearly $30 billion in assets in 2020 and 2021, but in the subsequent bear market of 2022, its flagship fund plummeted 67%, and assets suffered a significant decline.

Morningstar's data shows that the ARKK ETF lost $7.1 billion in wealth, while its focus on medical care lost $4.2 billion.$ARK Genomic Revolution ETF (ARKG.US)$Since its establishment in 2014, the total return of the ARKK ETF has been 121.8%, which is less than half of the 329.5% of the same period. At the same time, the ARKK ETF has still fallen 71% from its historical high.

Over the past decade, among all the fund series that have experienced losses, Ark Invest ranks first, and its losses are more than double those of the company ranked second.

Surprisingly, the huge losses of Ark Invest occurred during a favorable period in the stock market. Morningstar analyst Amy Arnott said, "Even in a generally bullish bull market, these funds have caused shareholders to lose value."

Since its establishment in 2014, the total ROI of ARKK etf is 121.8%, less than half of 329.5% during the same period. At the same time, ARKK etf has still fallen by 71% from its historical high.$NASDAQ 100 Index (.NDX.US)$Since its establishment in 2014, the total ROI of ARKK etf is 121.8%, less than half of 329.5% during the same period. At the same time, ARKK etf has still fallen by 71% from its historical high.

Although wealth has suffered huge losses, ARK Invest has done well as a company. Its ETF portfolio still has over $13 billion in assets, indicating that not all investors have given up on Woods' investment strategy.

However, in an investment field that values profits rather than growth, it is unclear when Ark Invest's investment strategy will bring returns to investors again.

The main stocks currently held by the company include$Coinbase (COIN.US)$, $Tesla (TSLA.US)$, $Roku Inc (ROKU.US)$ and $Zoom Video Communications (ZM.US)$, these companies all faced challenges at the start of 2024.

Arnott said, "The biggest value destroyer in the fund industry shows that success is not guaranteed even in overall favorable market conditions. They also offered a valuable case study on how not to invest."

Edited by Jeffrey