Cathie Wood says don’t underestimate the little guy changing investing

Cathie Wood
Source: CNBC

Ark Invest's Cathie Wood on Thursday defended retail investors and their open-mindedness about innovation's role in disrupting the world order and Wall Street.

"I think that the heavily indexed or benchmark approach to investing is ripe for change and I think that the retail investor, the individual investor, is actually leading the charge," Wood said during the Cboe "Exchanging Perspectives" webinar on Thursday.

Wood — CIO and CEO of Ark Investment Management — has made a name for herself by investing in "disruptive innovation" stocks. Wood's flagship fund, Ark Innovation, has seen more than $16 billion flood her fund in the past year, according to FactSet. Wood has big bets on names like Tesla, Teladoc and Roku.

More In Follow the Pros

CNBC ProMarket volatility is low — here’s the best way to trade
CNBC ProStrong earnings growth could mask trouble signs ahead, Citi's Levkovich says
CNBC ProCathie Wood just bet on an under-the-radar stock that should benefit from the infrastructure boom