Investing
Cathie Wood Hits Back at Michael Burry, Says China Turmoil Boosts U.S. Tech
The fund manager says China’s crackdowns could end up hurting it, and that Burry doesn’t get the fundamentals driving growth in the innovation space.
This article is for subscribers only.
Cathie Wood laid out her case for why her firm has for months been paring holdings tied to Chinese technology giants. The superstar fund manager also rebutted investor Michael Burry after he bet against her flagship ETF.
“I think that China-U.S. saber rattling, which has intensified under this administration — a surprise to me — is bringing more activity back home,” Wood said in a Bloomberg Television interview taped on Aug. 13. “The supply-chain reorganization is going to be a positive for the U.S., and it’ll be somewhat of a negative for China.”