You're right. Cathie Wood's ARK is all about "disruptive innovation". It's no surprise to see the fund falling after tech. stocks were so grossly inflated.
As an investment strategy, it's a long-term play. Whether the holdings make sense is a whole other question. But don't expect a huge change in strategy just because the markets are down.
As an investment strategy, it's a long-term play. Whether the holdings make sense is a whole other question. But don't expect a huge change in strategy just because the markets are down.