Cathie Wood says the underlying bull market is strengthening and she’s finding great buying opportunities in the sell-off

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Ark Investment Management founder and CEO Cathie Wood spoke on CNBC’s “Closing Bell” on Monday.

Wood said she was not worried about the recent drop in her funds and that the bull market was simply broadening out to include more strategies like value and that over time here disruptive strategy would pay off.

Wood manages five ETFs focused around “disruptive innovation” that have raked in more than $15 billion of investor money this year alone.

Ark’s flagship fund — Ark Innovation — returned nearly 150% in 2020 as the pandemic accelerated innovation trends and now has more than $17 billion in net assets. However, ARKK is down about 8% this year amid recent weakness in technology stocks, pressured by rising interest rates.

Staying the course, Wood took the recent tech weakness as an opportunity to buy the dip in some of her ETF’s top holdings. Wood has made big purchases of Tesla, Teladoc, Zoom Video and Palantir. Ark Innovation also scooped up shares of Square, Roku, Zillow and Shopify recently.