Cathie Wood’s new fund gives small investors access to the VC market for just $500

Cathie Wood’s new fund gives small investors access to the VC market for just $500 (cnbc.com)

“The Ark Venture Fund charges a flat management fee of 2.75%, and does not charge any carried interest or load fees. The total expense ratio of the fund is estimated to be 4.22%, Ark said.”

This is a good example of how not to invest for retirement. Though one wonders who would do so anyway, considering Wood’s recent track record:

“Ark’s flagship Innovation Fund (ARKK) has been under water all year as Wood’s disruptive darlings have been some of the biggest victims of rising interest rates. ARKK is down 60% this year and off 70% from its 52-week high in November.”

1 Like