ARKs Cathie Wood on Tesla, AI, and Bitcoin [Video]

Valerio Baselli: Hello, and welcome to Morningstar. This week we are all about thematic investing, and I’m very glad to be joined today by one of the most famous thematic investors, the founder and CEO of ARK Invest, Cathie Wood.

Cathie, first of all, thank you for joining me. Let’s start with a general question. Thematic investing was one of the biggest winners in the postpandemic recovery period, but it has struggled in the following market downturn. We even saw record outflows from the thematic strategies last year, for example. Now, of course, AI is back on the trend, but overall, what do you expect from thematic investing in 2024?

Cathie Wood: Well, Valerio, if we are correct that interest rates have peaked globally, they’re already starting to come down in the rest of the world. The US will lag just as it did on the way up. We think that’s going to …