Cathie Wood breaks down why she was ‘very comfortable’ as the stock market got rocked by last week’s bond sell-off – and shares her outlook for what happens after the tech rout

• Cathie Wood’s Ark Invest was hit by its biggest outflow on record last week amid a bond sell-off.
• Skeptics zeroed in on Ark’s concentration and liquidity risks as Wood’s major stock bets flopped.
• In a webinar on Friday, Wood explained why she was unfazed by the three big worries in the market.

When rising bond yields hit high-growth tech stocks last week, Cathie Wood’s Ark Invest was the subject of scrutiny. 

Analysts dissected the holdings of her largest funds and raised issues of concentration and liquidity risks. Investors withdrew money, cutting the assets of the Ark Innovation ETF (ARKK) by almost $5 billion to $23.5 billion as of Monday, according to Morningstar data. 

Amid the market turmoil, ARKK’s performance was dragged by a slump in top holdings including its biggest bet, Tesla. The fund declined 14.55% last week, the Morningstar data shows. However, investors poured $464 million into the fund Friday, the second-biggest inflow according to Bloomberg, ahead of a marketwide rebound this week.