Cathie Wood’s flagship investment fund of technology stocks has fallen to its lowest level since November, with some of its biggest holdings including Tesla down by a tenth or more already this month.
The $21bn Ark Innovation fund, a beneficiary and barometer of investors’ enthusiasm for speculative growth companies and new technologies, has now lost one-third of its value since a February peak.
Its decline accompanies a broader slide in shares of high-flying growth companies. These have stumbled as inflation expectations have climbed, diminishing the appeal of businesses whose profits will not materialise for years to come.
您已閱讀20%（630字），剩余80%（2523字）包含更多重要信息，訂閱以繼續探索完整內容，并享受更多專屬服務。