i read news of Ark this morning that Resolute Investment Managers will exercise its option to take majority control of ARK Investment Management, a move not supported by ARK’s leader. ( https://www.pionline.com/money-management/resolute-take-majority-ownershi… . how should one, who ivested in ARKF and ARKK react to these negative news. Please share your opinions. thanks
The case is still not confirmed yet which may take sometime before it becomes concrete. I think the only thing you need to take note is will Cathie Wood still be the fund manager in the event of losing the controlling stake. Most people bought the ARK ETF because of the stocks that Cathie Wood purchased so if she is not managing it then probably it is a risk.
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