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ARKK ETF: Record Gain, Outflows, and Declining Searches
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ARKK ETF, led by Cathie Wood, achieved a record 31% gain in November 2023, surpassing the monthly returns during the 2020 pandemic. However, the ETF experienced net outflows, marking a departure from the significant inflows seen earlier. Despite the strong performance, searches for Cathie Wood declined, with the ETF on track for its first annual net outflow. Top holdings like Coinbase Global Inc. and Roku Inc. contributed to the record month. While impressive, the ETF is down 70% from its peak in February 2021.
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How might the declining searches for Cathie Wood impact the future performance and investor confidence in the ARKK ETF?
What are the potential implications of the ETF's 70% decline from its peak in February 2021 on the broader market and investor sentiment?
What factors could have contributed to the net outflows in the ARKK ETF, and how might they affect the broader actively managed ETF universe?
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