This Cathie Wood ETF Nearly Doubled Last Year. Can It Mint More Millionaires in 2024?
From Nasdaq, Inc.:
Cathie Wood’s Ark Innovation ETF had a banner year in 2023, with ARKK climbing almost 70% and ARKF gaining 93%. The resurgence of previously lagging sectors, particularly in the cryptocurrency and sports betting market, played a major role. Key holdings like Coinbase, DraftKings, Shopify, and UiPath showed big gains, leading to a positive outlook for the fund in 2024. However, experts advise prudent investing strategies rather than expecting near future doublings.
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