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Cathie Wood's ARK Innovation turns positive for the year as growth stocks surge

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Crystal Mercedes | CNBC

After a tumultuous first half of 2021, Cathie Wood's flagship fund — ARK Innovation — just went positive for the year as investors begin to give growth names a nod.

The actively managed ETF rose 1.5% on Thursday, bringing its year-to-date gain to just shy of 1%. The innovation fund has rallied 5.4% this week and over 11% this month.

Since bottoming on May 13 — a day after the hottest inflation reading since 2008 — the fund is up about 25%.

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