Tonight I watched a video discussion of Cathie Wood's US based ARK Innovation ETF (ARKK). It is the top performing fund in the USA by a big margin. The performance over 5 yrs is 29% p.a. although a lot of this is due to it having an excellent year to date so far, It invests in innovative companies with a tech driver and the largest holding is tesla (10%), it is not a micro-cap fund.
This made me wonder why the WGM fund manager doesn't follow the top performing US funds and fund managers. The entire holdings of ARKK are available online for example. Given certain tech companies in the US have powered ahead this year I feel underwhelmed by the performance of WGM that can potentially hold the best companies in the world. Since inception the WGM share price is down 7.7% whilst many US tech stocks have boomed during this period. The WGM fund manager doesn't have to be that innovative in stock selection but rather follow the best selections of some of the top US fund managers which I will do myself if WGM doesn't start performing a lot better. It's just a hold for me at the moment.
Tonight I watched a video discussion of Cathie Wood's US based...
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