Photo by Marco Bello/Getty Images
- Cathie Wood's flagship Ark Invest fund just notched its best month ever as tech stocks bounce back.
- The famed money manager's Ark Innovation ETF (ARKK) logged a gain of about 28% for January.
- A handful of stocks in ARKK's portfolio led the win, including Tesla, Spotify and Roku.
Cathie Wood's flagship exchange-traded Ark Innovation fund just notched its best month ever as tech stocks like its favored Tesla make a strong comeback.
The famed money manager's Ark Innovation ETF (ARKK) rose 3.7% on Tuesday to deliver an almost 28% gain for January — though it's still down 47% on a year ago. The gain follows two low-performing years for the exchange-traded fund, which dropped 69% in 2022 and 21% in 2021.