ARK's Cathie Wood Now Has $50 Billion In ETF Assets Under Management

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In case you are on the lookout for continuing signals of market tops, ARK Invest's Cathie Wood has been officially nicknamed "Money Tree" in South Korea.

Wood's ARK Invest now officially has over $50 billion in ETF assets under management, a stunning rise from the just $3.6 billion the fund managed this time last year. Because, hey, $5 trillion rolling off of the Fed printing press has to wind up somewhereright?

So far, in 2021, investors have poured almost $11 billion into Wood's funds, according to Bloomberg. ARK's funds focus on ESG investing, EVs, genomics and fintech. And while Bloomberg notes her "eye popping returns" are catching attention, there has been nary a discussion about how the valuations of ARK's underlying ETF components have ballooned with the markets at all-time highs.

Regardless, Todd Rosenbluth, director of ETF research for CFRA Research, said: “This is a key milestone, and a sign that the ETF business is not just dominated by firms tracking indexes. Given investor focus on long-term thematic investing, there’s room for additional growth for Ark and other active managers.”

Wood is especially popular in South Korea, where she has become "something of a celebrity". Social media posts out of the country refer to her as "Money Tree", as a result of her ARKK fund rising 19% already this year, after rising 149% in 2020. 

And while Wood's funds saw four straight days without an inflow during last week's GameStop saga (it's almost like they are drawing from the same 'smart money'), that hasn't stopped Wood from offering a new line of merchandise in an online ARK store, including shirts that read "Stay Innovative". 

Mohit Bajaj, director of ETFs for WallachBeth Capital said: “Performance leads to inflows. All their funds have done very well, which had led to such huge amounts of money going into them. Investors still believe in the fund manager."

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