Cathie Wood’s ARK Investment Management, an equities fund that targets growth and innovation stocks, is off to a poor start in 2022 and continuing its downward pattern from last year. Wall Street extended its rough start to the new year Monday, with the leading benchmark indexes in the red. But Wood’s exchange-traded funds (ETFs) have been experiencing sharp selloffs in recent sessions. ARK Innovation, Wood’s flagship fund that holds such companies as Tesla, Roku, Teladoc Health, and Coinbase, has tumbled 13 percent year-to-date. The ETF is down about 42 percent over the last year. It had been up as much as 307 percent in February 2021 before paring these gains. This ETF owns 43 stocks, and 36 of them are about 40 percent off their 52-week highs. In the first trading week of the year, the abysmal performance triggered close to $300 million in fund outflows. But while the broader …