ARK Innovation ETF (ARKK) is the flagship actively managed fund from ARK Invest, an advisory firm led by renowned investor Catherine Wood. This ETF seeks long-term capital growth by investing in companies that exhibit disruptive innovation. The companies within the fund cover areas including automation, artificial intelligence, robotics & energy storage, and fintech innovation.
ARKK has declined significantly in 2022 amid a broad market sell-off that majorly hit high-growth tech stocks, vulnerable to rising interest rates and slowing economic growth.
