Check Out These 8 Fringe ETFs
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If you are bullish on any of the cannabis (both LPs and MSOs), psychedelic (all clinical-stage), cryptocurrency (specifically Bitcoin), artificial intelligence (AI), "vice" industries, and/or gold and silver junior miner categories then you might want to buy one or more of the 8 ETFs analyzed in this article.
Below is a description of each ETF, their performances in descending order for the month of June and YTD, and how they compare with the munKNEE portfolios that track the same categories on a regular basis on TalkMarkets.com:
- The Global X Artificial Intelligence & Technology ETF (AIQ)
- invests in 93 companies developing and utilizing artificial intelligence technology in their products and services,
- was DOWN 37.1% in 2022, and
- went UP 11.3% in June
- is now UP 39.1% YTD.
- Read Only 20% Of AI-Related Stocks Are In Bubble Mode
- The ProShares Bitcoin Strategy ETF (BITO)
- consists of 1 constituent,
- was DOWN 65.1% in 2022, and
- went UP 9.4% in June
- is now UP 62.8% YTD
- Related Article: An Easy Way To Invest In Bitcoin
- The AdvisorShares Psychedelics ETF (PSIL):
- consists of 23 constituents,
- was DOWN 68.2% in 2022, and
- went UP 8.2% in June
- is now only DOWN 1.1% YTD
- Read Upward Trend In Largest Psychedelic Compound-Based R&D Stocks Continues
- The AdvisorsShare VICE ETF (VICE)
- invests in "vice" industries which include alcohol and beer (43%), gaming and casinos (29%), tobacco and cannabis (17%), hospitality (6%) and other related business activities (5%) stocks,
- was DOWN 17.7% in 2022, and
- went UP 7.5% in June
- is now UP 7.8% YTD
- Read Conservative "Cannabis" Stocks Index Was Up +3% In June
- The AdvisorShares Pure U.S. Cannabis ETF (MSOS):
- consists exclusively of 47 American multi-state operators (MSOs),
- was DOWN 72.1% in 2022, and
- went UP 0.2% in June
- is still DOWN 20.7% YTD
- Read Downward Trend In American Cannabis MSOs Continued In June
- The iShares MSCI Global Silver ETF (SLVP)
- consists of 43 constituents,
- was DOWN 15.8% in 2022,
- went DOWN 4.8% in June
- is now DOWN 8.3% YTD.
- Read Average Silver Forecast Of 26 Analysts: $31.82 By End Of 2023
- The Sprott Junior Gold Miners ETF (SGDJ)
- consists of 45 constituents,
- was DOWN 29.3% in 2022,
- went DOWN 6.2% in June
- is now DOWN 2.9% YTD
- Read These 44 Gold Analysts Provide Specific Forecast Dates
- The Global X Cannabis ETF (POTX):
- consists of 19 constituents of which 57% are Canadian licensed producers (LPs),
- was DOWN 69.0% in 2022,
- went DOWN 8.2% in June
- is now DOWN 42.7% YTD
- Read Downward Trend In Canadian Cannabis LPs Continued In June
In total, the above 8 ETFs went UP 2.6% in June and are now UP 7.4% YTD. In comparison, SPY (S&P 500 ETF) went UP 6.1% in June and is now UP 15.9% YTD.
More By This Author:
Only 20% Of AI-Related Stocks Are In Bubble Mode
Conservative "Cannabis" Stock Index Flat This Week
Canopy Growth Dragged Down The Canadian Cannabis LPs Index Again This Week
Disclosure: None
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