ARK Funds: The Tail that Wags the Dog?
The popularity of the company’s funds raises a tricky question.
'Tis the season for investment spectacles. While GameStop (GME) embarked on the most dramatic round trip in modern stock-market history, boomeranging from $40 per share to $480 and then back to $40, the ARK family of funds made its own history. On Feb. 9 and then again on Feb. 11, ARK funds received more than $1 billion of inflows.
John Rekenthaler does not own shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.