Cathie Wooden’s ARKK declined in September, but attracted over $400M of capital inflows

Cathie Wooden’s flagship ARK Innovation ETF closed out the month of September in unfavorable territory whereas nonetheless attracting greater than $400M in capital inflows. With reference to Q3, the innovation trade traded fund additionally closed within the crimson however did have a slight decline in outflows, totaling simply over $10M on the quarter.

From a return stance, ARKK concluded the month of September down 8.4%, whereas garnering and inflow of $434.87M. On the similar time over the total third quarter, Wooden’s fund slid by 6.6% and watched $14.95M exit the door.

Wooden’s ARKK has been below stress all yr lengthy, as it’s -60.7% in 2022. Nevertheless, that hasn’t stopped buyers from piling into the fund because it has skilled constructive inflows year-to-date of $1.38B.

ARK Make investments’s different actively managed funds additionally all ended decrease in each the month of September and Q3 excluding ARKG, because it ended constructive for the third quarter.

September returns: (NYSEARCA:ARKW) -9.6%, (BATS:ARKQ) -11.9%, (BATS:ARKG) -6.1%, (ARKF) -10.8%, and (ARKX) -11.8%.

Q3 returns: ARKW -7.4%, ARKQ -10%, ARKG +3.8%, ARKF -1%, and ARKX -7.8%.

At first of the fourth quarter ARKK trades barely constructive throughout Monday’s early market buying and selling by 0.3%, regardless of its primary holding in Tesla (TSLA) has declined 5%. The EV big missed the expectation of analysts with its tally of Q3 deliveries.