Cathie Wood runs a $US30 billion fund. Here’s what she owns | The Business | ABC NEWS
Cathie Wood is an American celebrity stock picker, who is both celebrated and controversial.
The chief executive and chief investment officer of ARK Invest has predicted bitcoin could hit $US1.5 million within the decade.
ARK has something of a chequered investment record, with its key Innovation ETF surging nearly 150 per cent in 2020 before plunging by around two-thirds in the subsequent bear market in 2022.
Right now, her fund is all in on the artificial intelligence boom, which she is convinced will rival the industrial revolution for its impact on living standards and economic growth.
She also believes that US President Donald Trump will veto any moves to regulate and slow down AI development in the US and that America will stay in front of China in the AI race.
Cathie Wood is in Australia, hosted by local fund manager Associate Global Partners, which has partnered with ARK to give local high-net-worth investors wholesale access to ARK Venture Fund.
ABC business editor Michael Janda caught up with Cathie Wood in Sydney, discussing her views about interest rates and the disruptive technologies her fund focuses on, especially in the areas of AI, robotics, energy storage, blockchain and life sciences.
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