Cathie Wood’s Ark Ditches Ownership Caps, Add SPAC Warning

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  • Bloomberg Markets and Finance published this video item, entitled “Cathie Wood’s Ark Ditches Ownership Caps, Add SPAC Warning” – below is their description.

    Mar.29 — In a filing late last week, Ark Investment Management altered the prospectuses for its ETFs to remove clauses limiting its exposure and concentration risks, while adding language acknowledging that funds may buy into blank-check firms. Bloomberg’s Claire Ballentine reports on “Bloomberg Markets: The Close.”

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