Rising interest rates and high inflation have brought the so-called highfliers back down to earth. 

Cathie Wood of Ark Investments built a brand around picking stocks involved in “disruptive innovation” during a bull market, but that’s all changed now that investors are looking for the exits on high growth tech stocks.

ARKK was down almost 10% on Monday which means that its return since its 2014 debut has dropped to about 122%, per Bloomberg. The U.S. benchmark index boasts a total return of around 128% over the same period.  There goes that strategy.

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