Cathie Wood’s ARK Innovation Scores a Record Month, Thanks to Tesla and Roku

  • Order Reprints
  • Print Article

After a brutal 2022, investors in Cathie Wood’s ARK Innovation ETF finally have a reason to smile.

The fund gained 27.9% in January, notching its best monthly performance since being launched in 2014. To be sure, that gain comes after ARK Innovation (ticker: ARKK) plunged 67% in 2022 as investors’ taste for growth-oriented stocks soured amid the Federal Reserve’s rapid interest-rate increases last year. That drop came after a 24% decline in 2021 following a 148% gain in 2020.