*CATHIE WOOD'S ARK SLAMMED BY HIGHER INTEREST RATES IN 2022 ALONG WITH OTHER GROWTH FUNDS - $ARKK
NEW YORK -Cathie Wood’s ARK Innovation Fund, which more than doubled during the pandemic rally, is on pace to finish near the very bottom of all U.S. mutual funds in 2022 after surging inflation and higher interest rates dried up appetite for high-growth shares.S&P 500 index
With the S&P 500 on pace for its biggest annual decline since the Great Financial Crisis, few funds are likely to escape 2022 unscathed. Stock portfolio managers trailed their benchmarks by 0.
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