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Narrative Analysis - Report
Key Focus
The firm attracted nearly $30 billion in assets in 2020 and 2021, which were then decimated during the 2022 bear market when its flagship fund plunged 67%.. . The ARKK ETF destroyed $7.1 billion in wealth, while its healthcare-focused ARK Genomic ETF destroyed $4.2 billion in wealth, according to Morningstar ...What's striking is that Ark's massive wealth destruction occurred during a favorable time for the stock market.. . "These funds managed to lose value for shareholders even during a generally bullish market," Morningstar analyst Amy Arnott said ...Momentum supporting factors
(wealth,market)No challenge supporting factor found
Work-in-progress supporting factors
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