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Morningstar cuts rating on Cathie Wood’s ARK Innovation ETF, cites ‘perilous approach’

Catherine Wood, chief executive officer of ARK Investment Management LLC, speaks during the Milken Institute Global Conference in Beverly Hills, California, on Monday, Oct. 18, 2021.
Kyle Grillot | Bloomberg | Getty Images

Cathie Wood is not doing enough to avert drawdowns in her flagship fund, which is hurting her investors, according to Morningstar.

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