Should You Buy These 3 Multibillion-Dollar Cathie Wood Investments?
Cathie Wood is arguably the hottest name in investing today as all of her ARK Invest exchange-traded funds have more than doubled their investors' money in the past year. And because people like to go with a winner, Wood's ETFs are attracting more new money than virtually any other ETF in any given month.
While the eight ARK Invest funds hold stakes in dozens of companies, Wood isn't afraid to make some big bets on specific stocks either. Chinese e-commerce giant JD.com, for example, is held in four ARK ETFs for a total investment of $415 million, yet she has invested over $1 billion in nine separate companies. In three of them, she's gone really big, investing $2 billion or more.
Below, we're going to focus on those three, and also see how they're viewed by the many investors at Motley Fool CAPS. Hot money managers come and go, but using the wisdom of crowds to find investment options can also prove a rewarding strategy.
Source Fool.com
