Cathie Wood's Ark Innovation becomes largest actively managed ETF, amid 170% 2020 return

A Tesla logo is pictured during the Brussels Motor Show on January 9, 2020 in Brussels .
Kenzo Tribouillard | AFP | Getty Images

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The manager of the largest actively managed ETF has a message for investors: "Get on the right side of change and stay on the right side of change because it has hit escape velocity in the aftermath of the coronavirus."

Ark Invest's founder and CEO Cathie Wood, a longtime Tesla bull, manages the Ark Innovation Fund, which has seen its assets under management balloon to $17 billion in 2020, according to FactSet.

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