We Are Underwhelmed by The Latest Ark News

ARKK leader Cathie Wood is no longer a solo act

Robby Greengold 6 June, 2022 | 8:32AM
Facebook Twitter LinkedIn


In May 2022, ARK Investment Management appeared to set the stage for a portfolio management succession plan by publicly naming two current analysts, Sam Korus and Nicholas Grous. Both would be associate portfolio managers.

It is a surprising development at ARK, where 66-year-old Cathie Wood has been the firm’s sole portfolio manager of all its nine exchange-traded funds since their inceptions. The firm has so far relied on director of research Brett Winton to stand in for her if needed.

It is difficult at this point to gauge the significance of the change in title for Korus and Grous. They retain their coverage of automation, robotics, energy storage, alternate energy, and space exploration (all covered by Korus) and digital media and online gaming (Grous).

The associate portfolio manager title has been scarce on ARK’s investment team since the firm’s founding, and the only individual known to Morningstar to have held it did so briefly and did not advance as a portfolio manager.

Korus and Grous, who joined the firm in 2015 and 2018, respectively, have unexceptional backgrounds relative to the typical analyst or associate portfolio managers at rival firms. Their histories of full-time work experience are mostly limited to their tenures at ARK, where their accomplishments are tough to discern.

ARK Innovation ETF’s (ARKK) Morningstar Analyst Rating and pillar ratings are unchanged.






The information contained within is for educational and informational purposes ONLY. It is not intended nor should it be considered an invitation or inducement to buy or sell a security or securities noted within nor should it be viewed as a communication intended to persuade or incite you to buy or sell security or securities noted within. Any commentary provided is the opinion of the author and should not be considered a personalised recommendation. The information contained within should not be a person's sole basis for making an investment decision. Please contact your financial professional before making an investment decision.

Facebook Twitter LinkedIn

About Author

Robby Greengold  Robby Greengold is a Morningstar Fund Analyst

© Copyright 2024 Morningstar, Inc. All rights reserved.

Terms of Use        Privacy Policy        Modern Slavery Statement        Cookie Settings        Disclosures