Cathie Wood’s ARK Faces Loyalty Test After Tech-Stock Rout

Cathie Wood

says the high-risk stocks in the exchange-traded funds sold by ARK Investment Management LLC are so cheap that they will inevitably rise. A surprising number of investors are willing to give it a shot.

Larry Carroll,

a financial adviser at Wealth Enhancement Group in Rock Hill, S.C., still has some $18 million of client money in ARK Innovation after buying shares in 2018. The firm manages about $55…

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