Cathie Wood sieht „spektakuläre Erträge“ in 5 Jahren: Wo?

Cathie Wood defends her firm Ark Invest’s innovation-focused portfolio and notes that she expects „spectacular returns“ over the next five years, CNBC reports.

Her comments come after her firm’s flagship fund was caught up in the recent tech-led sell-off. The Ark Innovation ETF has nearly halved in the past 12 months. By comparison, the benchmark S&P 500 index rose nearly 15% over the same period.

„We’ve been in a terrible bear market for innovation,“ he admits. „However, if you look from the bottom of the coronavirus to that peak [of the ARK Innovation ETF (NYSE:ARKK)] in February ’21, we’re up 358%,“ Wood notes.

Wood said the world is currently facing „all kinds of problems“ and innovation will be the answer.

He points to the ongoing war in Ukraine, which has led to a spike in the prices of some commodities such as oil, and says the conflict will lead to „a lot of demand destruction and substitution by innovation,“ such as a shift toward electric vehicles instead of gasoline-powered ones.

He described his company as the closest thing to a venture capital fund in the public markets, which value these cutting-edge technology companies differently than private markets.

„If you compare what’s happening in the public equity markets to the private equity markets, in terms of innovation, we’ve seen a 60% reduction in the last year. The private markets have seen a 20% increase…as we’ve analyzed through Crunchbase,“ says Wood.

This expert attributes this to public markets being „full of investors who are sensitive to benchmarks,“ as opposed to private market investors who see the „explosive growth opportunities“ in major innovation platforms.

While technology is already a heavyweight in the S&P 500 and accounts for 28% of the index, Wood said those stocks are „part of the success of the past.“

„Our tech stocks will be the future successes and will end up in the indexes,“ Wood concluded.