Rockstar stock picker Cathie Wood has inspired a line of merchandise ...Middle East

Quartz - Economy
Rockstar stock picker Cathie Wood has inspired a line of merchandise
source : Quartz ( Middle East ) () 24
It’s been a while since anyone new has broken into the pantheon of legendary investors like Berkshire Hathaway’s Warren Buffett and retired bond king Bill Gross.“We thought the era of the rockstar manager was over,” said analyst Eric Balchunas, an exchange-traded funds expert at Bloomberg Intelligence. Indeed, in recent years money has flooded into cheap index funds and ETFs, many of which robotically track a benchmark rather than trying to beat the overall market. So-called active fund managers have often struggled to beat them.Then came Cathie Wood, the CEO and founder of ARK Invest, whose actively managed ETFs have done just that. ARK’s Innovation ETF has rallied more than 170% during the

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