Ark trounces peers with huge bet on crypto

The fund gets a model portfolio from Ark Investment Management, which was founded by Cathie Wood. — Bloomberg

NEW YORK: The world’s best-performing ESG fund of 2023 was built by Ark Investment Management LLC and powered by a huge bet on crypto.

The US$2.4bil Nikko AM Ark Positive Change Innovation Fund returned 68% last year, more than double the gains delivered by the S&P 500.