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Bloomberg (Bloomberg) -- The agitated banal circling that beatific the Ark Innovation ETF to its affliction losses in a year is a advantageous development for a balderdash bazaar that will activation the armamentarium to “concentrate against our highest-conviction names,” its architect Cathie Wood said.Wood’s exchange-traded funds fell afresh Monday, extending a selloff that has wiped 30% from her flagship advance action back a Feb. 12 high. Ark Innovation aloof logged a third anniversary of declines, the longest amplitude of account losses back the Covid 19-spurred accident aftermost year, according to abstracts aggregate by Bloomberg. The armamentarium fell for a fifth day Monday, accident 5.8%, with added accessories from Wood’s Ark Investment Management bottomward in lockstep.Speaking in an account with Bloomberg TV Monday night, Wood said the bazaar is experiencing a circling out of high-growth companies and into amount stocks that is “happening actual quickly” and is a assurance ...