"Stay on the Right Side of Change", - under this motto, Katie Wood promotes investment in innovation and technology. The portfolio of her investment company Ark Invest includes shares of electric vehicle manufacturers and artificial intelligence developers, digital service providers and DNA researchers.
Katie Wood is ranked 80th on the Forbes list of America's Independent Women 2020 with a fortune $250 million. She is so popular with investors, that Etsy sells T-shirts with her portrait and the inscription "In Cathie we trust". Katie became a Wall Street superstar in 2020 G. - how did she do it??
Katie founded her investment company in 58 years, now she 65
She had a wealth of experience in the field of investment under her belt.: at Jennison Associates Wood was Chief Economist, Analyst, Portfolio Manager and Managing Director, at AllianceBernstein as Chief Investment Officer for Global Thematic Strategies. After that, how management did not support her ideas of investing in disruptive innovation, Katie quit and 2014 G. founded her own company - ARK Invest.
Katie Wood is a devout Christian, the name of the company is inspired by the Bible
Although the acronym ARK is derived from the words "Active Knowledge Research", Katie confessed, that the name is inspired by the Bible, which she re-read many times, when thinking about creating my project. Аrk translated from English - "ark".
"I want to be on the right side of change. That's what ARK is
ARK Invest manages five ETF, all of them are focused on breakthrough innovations. Katie counts, what to invest in artificial intelligence, Robotics, energy storage, DNA sequencing, digital health, blockchain and offline travel.
ARK Investments - Netflix, Salesforce, Illumina, Square, Athenahealth, Tesla, Teladoc, Zoom, Palantir, Year, Zillow и Shopify.
ARK's early years weren't good
To the end 2016 G. Katie's "ark" could not be called successful, the commission from the attracted funds was not enough for overhead costs. Wood spent a significant part of her savings and sold significant stakes in ARK Invest to large companies..
IN 2017 G. her fund finally took off - assets grew tenfold. IN 2018 G. Katie was included in the Bloomberg list 50, business people, entertainment industry, finance, Policy, technology and science, who defined global business.
IN 2020 G. in the wake of the growth of the technology sector, the ARK Innovation flagship fund grew by almost 150%.
Katie is an internet star
Wood is active on social media, popular with the Reddit investor community, participates in podcasts, all financial media are interested in her bold forecasts.
One of the innovations of ARK itself is the publication of its financial research in the public domain.. Wood preaches maximum openness: when a company holds meetings looking for new investment ideas, any investor can join the Zoom call. This, according to the head of ARK Invest, helps to build portfolios from top to bottom: she first identifies promising topics in different industries, and then looking for companies, who work in them.
Wood buys bitcoins from 2015 of the year
She calls them "insurance policy" against inflation. In an interview with CNBC, Wood said, that cryptocurrencies could eventually become part of the recommended portfolio for ordinary investors, partially replacing bonds.
She supported Trump in the election
She said, that this decision was made "from a strictly economic point of view" - according to Wood, with the Trump promised low taxes, innovation spheres would develop better.
Tesla's stock price may rise to $7000
It will happen within the next five years., Kathy said in 2020 G. She often repeats, what the prize sees on the five-year horizon, and does not hide, who is a big fan of Tesla - Elon Musk was a guest of her podcast.
Even the recent drop in tech stocks and, respectively, fall of ARK Invest funds, did not deprive Wood of optimism. "We are becoming more and more optimistic about our portfolios.", — she said and bought even more shares of innovative companies, including Tesla, on the drawdown.
Wall Street — wall of worry
When the market goes down, Wood jokes: "We've got a beautiful wall of worry here. Best stock or market worry wall, which I have ever experienced in my career ".
Her faith in the future of innovative companies is not undermined even by weak financial performance.. “In fact, a miss on margin is good for us, because what it usually means? It means, that the company has decided to actively invest now, to benefit from this opportunity. And we think, what's right. They, who doesn't invest aggressively enough, who redeems their shares, uses its balances, pays dividends - they will lose ".
Recent major investments
Wood fund made a major purchase of shares of the gaming platform Roblox, as soon as she went public, investing about $36 million. Also ARK Innovation spent about $58 mln for shares of DraftKings - company, engaged in sports betting.
ARK Innovation ETF Flagship Fund (ARKK), increased over the year by 213,7%, ARK Next Generation Internet (ARKW) - on 220,7%. However, from February highs to March, they fell by about 30%, following the general decline in the tech sector, and then started climbing again
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