ARK ETF sees highest quarterly outflow on record

With markets becoming increasingly risk averse, one of the first things investors are turning their backs on is high growth tech stocks.

Photo: Regis Duvignau/REUTERS / X00095

Cathie Wood's flagship, the ARK Innovation ETF (ticker ARKK), has almost certainly just recorded its biggest ever quarter of outflows, with about USD 1.97bn leaving the popular exchange-traded fund through to late September.

ARKK flow data arrives with a one-day time lag, meaning the final trading day for last month has yet to be logged. Yet a second straight quarter of outflows for the fund looks assured, while anything less than a USD 125m inflow will make September the product's worst month for outflows since it launched in 2014.

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