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ARK Innovation Has Likely Been a Disappointment for Most Investors

Following a frenzy of inflows, investors are fleeing for the exits amid the fund's underperformance this year.

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ARK Innovation ETF (ARKK) gained 152.5% in 2020 and ranked as the best fund in the mid-cap growth Morningstar Category.

The eye-popping return caused investors to flood into the exchange-traded fund. At one point, ARKK was collecting $1 billion a week.

Katherine Lynch does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.