The 7 ETFs In The Fringe Portfolio Were, On Average, Up Last Week
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If you are interested in 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 that are in the various portfolios that munKNEE.com tracks on a weekly basis then consider buying one of the ETFs analyzed in this article.
- The Sprott Junior Gold Miners ETF (SGDJ): up 4.0% last week; down 6.6% MTD
- consists of 45 constituents
- Read: These 44 Gold Analysts Provide Specific Forecast Dates
- The iShares MSCI Global Silver ETF (SLVP): up 2.2%; down 9.5% MTD
- consists of 43 constituents
- Read: Average Silver Forecast Of 26 Analysts: $31.82 By End Of 2023
- The AdvisorsShare VICE ETF (VICE): up 0.3% last week; down 6.3% MTD
- 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
- Read: Conservative "Cannabis" Stock Index Remained Stable Last Week
- VanEck Bitcoin Strategy ETF (XBTF): down 0.5% last week; down 11.4% MTD
- closely aligned with the spot price of the Bitcoin digital token
- Read: Invest In Bitcoin "The Better Way' - Here's How
- The AdvisorShares Pure U.S. Cannabis ETF (MSOS): down 1.2% last week; down 8.9% MTD
- consists exclusively of 47 American multi-state operators (MSOs)
- Read: 7 Largest American Cannabis MSOs Moved Up 3% This Week
- The AdvisorShares Psychedelics ETF (PSIL): down 4.1%; down 12.8% MTD
- consists of 23 constituents
- Read: 6 Largest Psychedelic Compound-Based R&D Stocks Continued Downwards, On Average, This Week
- The Global X Cannabis ETF (POTX): down 6.3% last week; down 5.8% MTD
- consists of 19 constituents of which 57% are Canadian licensed producers (LPs)
- Read: 5 Largest Canadian Cannabis LPs Down 11% This Week
In total, the Fringe Portfolio of the above 7 ETFs was up 0.8%, on average, last week MTD but remains down 8.3% MTD. In comparison, the S&P 500 was up 0.4%, on average, last week but remains down 4.0% MTD while the Nasdaq was up 2.3% last week but remains down 5.3% MTD.
More By This Author:
Conservative "Cannabis" Stock Index Remained Stable Last Week
7 Largest American Cannabis MSOs Moved Up 3% This Week
5 Largest Canadian Cannabis LPs Down 11% This Week
Disclosure: None
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