(CNBC) Innovation investor Cathie Wood’s struggling funds enjoyed a much-needed boost from Donald Trump’s reelection, but that hasn’t translated into investor inflows. Wood’s flagship Ark Innovation ETF (ARKK) has surged more than 30% since Election Day on Nov. 5, pushing its year-to-date return to nearly 18%. Much of the gain came from its biggest holding Tesla, with a 16.3% weighting. The electric vehicle maker’s stock has skyrocketed about 70% since Trump claimed victory.
Cathie Wood’s ARKK gets a 30% Trump bump, but outflows persist and top $3 billion in 2024
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