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2021-03-02

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Cathie Wood’s ARK Innovation ETF had record inflows of $464M

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This is the second highest inflow of funds ARKK has ever seen and it comes right after last week’srecord outflow of $456 million.</p><p>Alarmed by escalating bond yields, investors sold off the pricier aspects of the market last week which ARKK has key holdings in. ARKK has seen a nice recovery with the start of this week up 4.18% on Monday and into this morning after a 12.93% drop in last weeks selloff.</p><p>Thanks to some uplifting moves in Monday’s performance in Tesla(NASDAQ:TSLA)and Roku(NASDAQ:ROKU)which were both up 6.36% and 6.33% respectively, ARKK has reverted back to its mean. 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