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ARK’s Cathie Wood Cuts Exposure To China-Based Names And Dumps $100 Million In Tesla This Week

September 11, 2021
Source: nationandstate.com nationandstate.com
News Snapshot:
The revered fund manager, often seen as the second coming by retail investors and financial media, drastically cut her ties to China-based companies amid the growing tensions between the Chinese Communist Party and many U.S. listed Chinese companies. Wood only held onto names that were identifiably “currying favour” with Beijing, FT reported this week . Wood expounded on her thought process on Thursday of this week at the Mizuho Securities investor conference. The environment in China is “quite different” than it was last year, Wood said, parroting headlines that broke here in the U.S. weeks ago, before billions in value...
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Tags: Beijing | China | Chinese | communist | education | electric vehicle | environment | ETF | finance | financial | fund | government | HERE | innovation | Internet | investor | IT | media | power | profit | retail | robotics | supply chain | technology | Tesla

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