Fund Inflows

On March 15th, according to Wall Street news, the collapse of a Silicon Valley bank on Friday led to the inflow of $397 million into Cathie Wood’s ARK Innovation ETF (ARKK), a multi-year high. This is the largest inflow of funds since April 2021. Last Friday, the collapse of a Silicon Valley bank caused $397 million of funds to flow into ARKK, hitting a new high since April 2021 Analysis based on this information:The recent news from Wall Street about the collapse of Silicon Valley’s bank has caused quite a stir in the investment community. Friday’s news sent a shockwave through the financial world and led to the inflow of $397 million into Cathie Wood’s ARK Innovation ETF. This marks a multi-year high in fund inflows for the ETF. The impact of the bank’s collapse on the ETF’s inflow is significant. Cathie Wood is a renowned investor in the technology sector, and her firm, ARK Investment Management, has been one…