Cathie Wood, The star manager whose key innovation fund has struggled amid a fallout for tech stocks, is staying upbeat.
“Given our expectations for growth in these new technologies, I think we’re going to see some spectacular returns.”
That was the chief executive officer of ARK Invest, Cathie Wood, who gave an optimistic view of returns for the next four years, in an interview with CNBC that published Monday. Wood said the war in Ukraine will likely lead to lots of “demand destruction and substitution into innovation,” given the surging prices of energy commodities especially. The price of U.S. CL00 and European crude futures BRN00 surged over 8% on Monday amid reports the U.S. was considering a sanction on Russian oil.
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Cathie Wood Says She Still Expects to See ‘Spectacular Returns' Over the Next 5 Years“Given our expectations for growth in these new technologies, I think we’re going to see some spectacular returns,” the Ark Invest CEO told CNBC’s “Capital Connection.”
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