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Reuters

Cathie Wood buys the dip on pandemic darlings Roku, Zoom, Roblox

The asset manager’s flagship ARK Innovation ETF has slumped 43% this year, lagging far behind the S&P 500’s 7.7% decline as the prospect of aggressive U.S. policy tightening hammered the fund’s hyper-growth stocks. Over the week, ARK bought 100,642 shares of e-commerce firm Shopify Inc, 329,073 of Zoom, 739,082 of gaming site Roblox and 575,648 of streaming device maker Roku.

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