Cathie Wood's Ark ETFs Rebound Nearly 100% in 2023 Tech Rally
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Cathie Wood's Ark Invest ETFs focus on innovative tech companies and were hit hard in the recent bear market, but are rebounding fast.
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The Ark Next Generation Internet ETF and Ark Fintech Innovation ETF are up 98-103% respectively in 2023.
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These ETFs invest in internet, fintech, and other high-growth technology stocks. Top holdings include Coinbase, Block, Roku, and Shopify.
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Over long periods of time, Ark Invest aims to beat the broader market through its tech stock picks, although performance has lagged recently.
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If a bull market continues in 2024, these tech-heavy ETFs could keep surging as their holdings become more profitable.