Published: Wednesday, November 24, 2021 · 12:28 PM | Updated: Wednesday, November 24, 2021 · 12:28 PM
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🗝️ Key Points
- Catherine Wood, chief executive officer of ARK Investment Management LLC, speaks during the Milken Institute Global Conference in Beverly Hills, California, on Monday, Oct.
- 18, 2021.Kyle Grillot | Bloomberg | Getty ImagesThis is a breaking news story.
- Please check back for updates.Cathie Wood — known for her aggressive innovation ETFs — said Ark Invest is internally testing a fund that incorporates short-selling in the.
Catherine Wood, chief executive officer of ARK Investment Management LLC, speaks during the Milken Institute Global Conference in Beverly Hills, California, on Monday, Oct. 18, 2021.
Kyle Grillot | Bloomberg | Getty Images
This is a breaking news story. Please check back for updates.
Cathie Wood — known for her aggressive innovation ETFs — said Ark Invest is internally testing a fund that incorporates short-selling in the major benchmarks.
“We have internally, employees only, we’re testing out a portfolio but its really Ark on steroids,” Wood told CNBC’s “Squawk Box” on Wednesday.
“We want to test it on ourselves first and make sure that everyone keeps their eye on that 5 year time horizon…and doesn’t pay attention to the day to day,” she added.
Wood’s flagship fund, Ark Innovation ETF, is down nearly 15% in 2021.
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