Investors have withdrawn a net amount of $2.2 billion from the six actively managed exchange-traded funds (ETFs) managed by Cathie Wood's ARK Investment Management company since the beginning of this year. The total assets of the funds have fallen by 30% to $11.1 billion in less than four months, compared to the peak of $59 billion reached by ARK at the beginning of 2021. Todd Rosenbluth, director of research at data provider VettaFi, said that this year should be a relatively good year for ARK, but they have concentrated their investments in poorly performing companies. The flagship fund, ARK Innovation, has fallen by 16%, mainly due to its concentration on a few stocks: Tesla, its largest holding, has fallen more than 40% this year; other major holdings such as Roku (down 33%) and Unity Software (down 44%) have also dragged it down. According to Morningstar data, as of the end of last year, ARK funds have lost more wealth than any other asset management company in the past 10 years, with investors losing a total of $14.3 billion.