NEW YORK: The Federal Reserve (Fed) isn’t going to hike rates as much as markets are currently betting, says Cathie Wood.(pic)
The strategies of ARK Investment Management LLC, where Wood is founder and chief executive officer, have struggled recently amid fear of inflation, she said via video to the Seedly personal finance festival in Singapore. The firm’s flagship ARK Innovation exchange-traded fund (ETF) is down 45% year-to-date.
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