42 days ago • Posted by Charles-Henry Monchau
Is WOOD (iShares Global Timber & Forestry ETF) the new Wood (Ark Innovation ETF)?
We have seen some spectacular rotation over the last few months and this one is quite a funny example. Looking at the last 12 months, the WOOD ETF ( Shares Global Timber & Forestry) was at some point sharply underperforming the hyper growth style ETF run by Cathie Wood Ark Invest team (ARKK). But it looks like the cyclical play is now close to overtake the hyper growth one. Source: Eric Balchunas, Bloomberg.