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Shanthi Rexaline

MYSTERIOUS: Ark investment management s flagship etf exits chinese stocks amid regulatory crackdown - What They Never Told You

ARK Cathie Wood Ark Investment Management Ark Invest China

Cathie Wood-run Ark Investment Management's flagship exchange-traded fund, the Ark Innovation ETF, has exited Chinese stocks amid a crackdown on high-profile big tech companies in the Asian country. MARCOBELLO/GETTY IMAGES

Cathie Wood-run Ark Investment Management’s flagship exchange-traded fund, the Ark Innovation ETF (NYSE:ARKK), has exited Chinese stocks amid a crackdown on high-profile big tech companies in the Asian country.

According to the quarterly fund webinar held on Thursday, Wood was initially impressed with China’s disciplined fiscal policy responses after the COVID-19 pandemic.

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