In a Market Powered by Tech Stocks, Cathie Wood Is a Big Winner

The tech sector is having a blistering rally this year, and Cathie Wood has been one of the biggest beneficiaries. The head of Ark Investment Management has made a name for herself as a skilled, stock-picking fund manager at a time when almost nobody gets famous that way anymore. Moreover, she’s done so while managing exchange-traded funds. The vast majority of ETFs passively track indexes of stocks. Ark offers five actively managed U.S. ETFs, and Wood runs all of them.

Even before the coronavirus pandemic forced a huge portion of Americans to rely on technologies enabling virtual work and life, Wood made huge bets on companies working in artificial intelligence, genomics, and gaming, among others.