Cathie Woods has managed to lose money in a bull market.Photo by Marco Bello/Getty Images Cathie Wood’s Ark Invest has destroyed $14 billion in wealth over the past decade. A Morningstar analysis found that Ark Invest topped the list of wealth destroyers among other investment companies. “These funds managed to lose value for shareholders even […]
Tag: Morningstar
The death of oil demand has been exaggerated and supply won’t be able to keep up without more investment, Morningstar says
The death of oil demand has been exaggerated, Morningstar says.Getty Images Morningstar researchers said crude oil supply will decline rapidly without more investment. They said reports of “oil demand’s death” have been exaggerated. By 2050, Morningstar expects oil demand to drop to 88 million barrels per day, from 99 million in 2019. Will we see […]
S&P 500: Morningstar Calls Cathie Wood The Worst ‘Wealth Destroyer’
No one wants to be known as the largest wealth destroyer — especially when the S&P 500 is rising. But that’s exactly what Morningstar is calling Cathie Wood’s ARK Family of funds. X ARK ETF Trust, which runs the popular ARK Innovation ETF (ARKK), has wiped out $14.3 billion in investors’ wealth over the past […]