These 8 Fringe ETFs Are Up 5% On Average MTD
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Consider buying one of the 8 ETFs analyzed in this article 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 in articles posted exclusively on TalkMarkets.com.
Below is a description of each ETF and their performances month-to-date, in descending order, and how they compare with the munKNEE portfolios.
- The Sprott Junior Gold Miners ETF (SGDJ): UP 11.7% MTD
- consists of 45 constituents,
- was DOWN 29% in 2022,
- is now UP 8.4% YTD
- Read These 44 Gold Analysts Provide Specific Forecast Dates
- The AdvisorShares Psychedelics ETF (PSIL): UP 10.3% MTD
- consists of 23 constituents,
- was DOWN 68% in 2022, and
- is now UP 9.1% YTD
- Read Psychedelic Compound-Based Drug Stocks Up 12% MTD; Now Up 25% YTD
- The AdvisorShares Pure U.S. Cannabis ETF (MSOS): UP 8.3% MTD
- consists exclusively of 47 American multi-state operators (MSOs),
- was DOWN 72% in 2022, and
- is DOWN 14.2% YTD
- Read Largest American Cannabis MSOs Are Up 11% MTD
- The iShares MSCI Global Silver ETF (SLVP): UP 8.2% MTD
- consists of 43 constituents,
- was DOWN 16% in 2022,
- is now DOWN 0.6% YTD.
- Read Average Silver Forecast Of 26 Analysts: $31.82 By End Of 2023
- The Global X Artificial Intelligence & Technology ETF (AIQ): UP 3.8% MTD
- invests in 92 companies developing and utilizing artificial intelligence technology in their products and services,
- was DOWN 37% in 2022, and
- is now UP 44.3% YTD.
- Read Bubble In These 10 AI Stocks Accelerated Last Week
- The Global X Cannabis ETF (POTX): UP 3.0% MTD
- consists of 19 constituents of which 57% are Canadian licensed producers (LPs),
- was DOWN 69% in 2022,
- is now DOWN 41.0% YTD
- Read Largest Canadian Cannabis Stocks Down 4% Last Week
- The AdvisorsShare VICE ETF (VICE): UP 2.5% 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,
- was DOWN 18% in 2022, and
- is now UP 10.5% YTD
- Read Conservative "Cannabis" Stocks Are Up MTD And YTD On Average
- The ProShares Bitcoin Strategy ETF (BITO): DOWN 5.0% MTD
- consists of 1 constituent,
- was DOWN 65% in 2022, and
- is now UP 54.7% YTD
- Related Article: An Easy Way To Invest In Bitcoin
In total, the above 8 ETFs went UP 4.7% MTD and are now UP 12.4% YTD. In comparison, SPY (S&P 500 ETF) is UP 1.4% MTD and is now UP 17.7% YTD.
More By This Author:
Largest Canadian Cannabis Stocks Down 4% Last Week; Now Down 47% YTD
Bubble In These 10 AI Stocks Accelerated Last Week
Conservative "Cannabis" Stocks Are Up MTD And YTD On Average
Disclosure: None
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