Is ARK Taking On Water? Cathie Wood's Firm Named Top 'Wealth Destroyer' By Morningstar Analyst
Is ARK Taking On Water? Cathie Wood's Firm Named Top 'Wealth Destroyer' By Morningstar Analyst
Cathie Wood's status as a celebrity in the financial world precedes her. Over the course of her near-decade-leading ARK Invest, Wood has cemented her reputation as an innovator and maverick unafraid of making bold predictions or taking risky positions; she bought stock in Tesla Inc (NASDAQ:TSLA) and NVIDIA Corporation (NASDAQ:NVDA) as early as 2016.
凱西·伍德在金融界的名人地位先於她。在近十年領導方舟投資的過程中，伍德鞏固了自己作爲創新者和特立獨行者的聲譽，她毫不畏懼做出大膽的預測或採取風險頭寸；她早在2016年就購買了特斯拉公司（納斯達克股票代碼：TSLA）和英偉達公司（納斯達克股票代碼：NVDA）的股票。
Her belief that Bitcoin (CRYPTO: BTC) will top $1M by 2030 led her to spearhead the recent introduction of BTC Spot ETFs, making her a favorite of the crypto crowd as well.
她相信比特幣（加密貨幣：BTC）到2030年將突破100萬美元，這促使她帶頭推出了比特幣現貨ETF，這也使她成爲加密人群的最愛。
All this fame, however, has earned her a healthy set of doubters and naysayers; they may have a point. In a recent analysis by Morningstar, the performance of Wood's flagship fund, ARK Innovation ETF (NYSE:ARKK), and her firm as a whole, was brought to task.
但是，所有這些名聲爲她贏得了一大批懷疑者和反對者；他們可能有道理。在晨星最近的一項分析中，伍德的旗艦基金方舟創新ETF（紐約證券交易所代碼：ARKK）及其整個公司的表現受到質疑。
Morningstar analyst Amy C. Arnott, CFA rated the 15 funds that have depreciated, in dollar terms, the most over the last 10 years. ARKK ranks 3rd among them, losing $7.1 billion.
晨星分析師艾米·阿諾特（Amy C. Arnott）對以美元計算的15只基金進行了過去10年中最大貶值的評級。ARKK在其中排名第三，虧損71億美元。
Worse yet, Wood's firm as a whole comes in at #1 as the single fund that has destroyed the most wealth over 10 years, losing roughly $14.3 billion. That is more than twice the loss of the nearest fund.
更糟糕的是，伍德的公司整體排名第 #1 位，是10年來摧毀最多財富的單一基金，損失了約143億美元。這是最近的基金損失的兩倍多。
As Wood's star rose in 2020 and 2021, the firm saw massive inflows of cash while the funds performed well, extremely well. ARKK, for instance, more than tripled in value from 2020 to 2021, smashing the pace set by the S&P 500. These gains were largely wiped out, however, in the bear market of 2022. ARK's funds lost anywhere from 34.1% to 67.5% on the year.
隨着伍德的明星在2020年和2021年崛起，該公司出現了大量現金流入，而基金表現良好，非常出色。例如，從2020年到2021年，ARKK的市值增長了三倍多，打破了標準普爾500指數設定的速度。但是，在2022年的熊市中，這些收益基本上被抹殺了。ARK的資金同比損失了34.1％至67.5％。
This is the boom-and-bust reality of Wood's philosophy. ARK's funds can garner eye-watering returns, but they can just as easily see hair-pulling, teeth-gnashing drops.
這是伍德哲學的繁榮與蕭條現實。ARK的基金可以獲得令人眼花繚亂的回報，但它們同樣可以輕鬆地看到令人毛骨悚然的跌勢。
For investors who believe the ARK may be sinking and can stomach the risk, a short position can provide a way to capitalize on ARKK's downside. ETFs like the AXS Short Innovation Daily ETF (NASDAQ:SARK), which aims to return the inverse performance of ARKK, can be an attractive option.
對於那些認爲方舟可能正在下跌且能夠承受風險的投資者來說，空頭頭寸可以提供一種利用ARKK下行空間的方法。像AXS空頭創新每日ETF（納斯達克股票代碼：SARK）這樣的ETF可能是一個有吸引力的選擇，其目標是回報ARKK的反向表現。
For those who still believe in the promise of ARKK and want to maximize their view, leveraged funds can help. If you are bullish, the AXS 2X Innovation ETF (NASDAQ:TARK), is a solid option, aiming to return twice the daily return of ARKK.
對於那些仍然相信ARKK的承諾並希望最大化視野的人來說，槓桿基金可以提供幫助。如果你看漲，那麼AXS 2X創新ETF（納斯達克股票代碼：TARK）是一個不錯的選擇，目標是ARKK每日回報率的兩倍。
Photo by Osman Rana on Unsplash
奧斯曼·拉納在 Unsplash 上拍攝的照片
譯文內容由第三人軟體翻譯。