After vaulting up the ranks of the U.S. exchange-traded fund leaderboard, Ark Investment Management is starting to slip.With about $42.4 billion in its ETFs, Cathie Wood’s firm now ranks as the 11th largest issuer by assets, according to Bloomberg Intelligence data.The money manager had cracked the top 10 earlier this year, buoyed by a torrent of inflows as investors flocked to Wood’s innovative vision. But competition is rising just as the shine comes off Ark’s flagship $21 billion ARK Innovation ETF (ticker ARKK).
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