Renowned investor Cathie Wood celebrated her best day of the year on Thursday as the ARK family of funds added over $700 million in assets under management (AUM) in a single trading session.
This remarkable surge occurred on the heels of a pivotal decision by the Federal Reserve.
Just a day earlier, the Fed opted to maintain interest rates at a steady 5.25%-5.5% for the second consecutive meeting, and Federal Reserve Chair Jerome Powell delivered a rather cautious tone, which paved the way for a widespread market relief rally.
Wood's investment philosophy, centered on identifying disruptive innovation and high-growth potential stocks, proved its mettle on Thursday as investors shed concerns about rate hikes and began factoring in the possibility of earlier interest-rate cuts in 2024.
Cathie Wood's ARKK Innovation ETF Rose Over 8% Thursday
The flagship ARKK Innovation ETF (NYSE:ARKK) surged by more than 8%, marking its best-performing day since Nov. 10, 2022, delivering a $500 million increase in its AUM.
Other "smaller" members of Wood's ARK family also showed robust gains, with the ARK Next Generation Internet ETF (NYSE:ARKW) up 7.2% and the ARK Fintech Innovation ETF (NYSE:ARKF) up 6.7%.
ARK ETF Trust – ARK Israel Innovative Technology ETF (NYSE:IZRL)
$72.81M
3.40%
$2.48M
Chart: Cathie Wood's ARK Innovation ETF Posts Its Best-Performing Session In Nearly A Year
Stocks Making ARK Funds Flying On Thursday
Among the standout contributors to the ARK Innovation ETF's performance on Thursday was Roku Inc. (NASDAQ:ROKU), which soared an impressive 31% during the session, accounting for nearly 2 percentage points of the daily increase.
Read also: Roku Shares Jump After Q3 Delivers Many Positives: 7 Analysts Tune Into Into Print, Guide
Coinbase Global Inc. (NASDAQ:COIN) followed with an 8.6% gain, contributing 0.7 percentage points to the fund's daily performance. Shopify Inc. (NASDAQ:SHOP) surged by 22%, adding 0.6 percentage points, while Tesla Inc (NASDAQ:TSLA) rose by 6.2%, contributing 0.5 percentage points due to its significant weight in the portfolio.
UiPath Inc. (NASDAQ:PATH) also saw substantial gains, climbing 6.7% during the trading day.
Coinbase Global Inc.（NASDAQ：COIN）は8.6％の上昇を記録し、ファンドの1日のパフォーマンスに0.7パーセントポイントを貢献しました。Shopify Inc. （NASDAQ：SHOP）は22％急騰し、0.6パーセントポイントを加えました。Tesla Inc. （NASDAQ：TSLA）は6.2％上昇し、重要なポートフォリオの重みにより、0.5パーセントポイントを貢献しました。
UiPath Inc. (NASDAQ:PATH)は取引日中にもかなりの利益を上げ、6.7%上昇しました。
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オーストラリアでは、moomooの投資商品及びサービスはMoomoo Securities Australia Limitedによって提供され、オーストラリア証券投資委員会（ASIC）の管理を受けております（AFSL No. 224663）。「金融サービスガイド」、「利用規約」、「プライバシーポリシー」などの詳細は、Moomoo Securities Australia Limitedのウェブサイトhttps://www.moomoo.com/auでご確認いただけます。
