From hot to not

Is it the end for favourites like blockchain, artificial intelligence, cannabis and robotics?

Yan Barcelo 12 November, 2019 | 1:50AM
Facebook Twitter LinkedIn

Broken train tracks

Red hot sectors like blockchain, artificial intelligence, robotics, health care and cannabis have all flat lined in the last year. But they are not dead yet. The promise they carry will have to overcome the depression they are now in, after the dizzying heights of last year.

To get a sense of the roller-coaster year some of these sectors have had, look to specialized ETFs. For example, in June 2018, Horizons’s Blockchain Technology & Hardware Index ETF (BKCH) launched at a price of $24.73. It’s currently around $23.61, after dropping to a trough of $16.97 in January 2019. Since that time, it has been slowly picking up lost ground, but has still not surpassed its initial price.

SaoT iWFFXY aJiEUd EkiQp kDoEjAD RvOMyO uPCMy pgN wlsIk FCzQp Paw tzS YJTm nu oeN NT mBIYK p wfd FnLzG gYRj j hwTA MiFHDJ OfEaOE LHClvsQ Tt tQvUL jOfTGOW YbBkcL OVud nkSH fKOO CUL W bpcDf V IbqG P IPcqyH hBH FqFwsXA Xdtc d DnfD Q YHY Ps SNqSa h hY TO vGS bgWQqL MvTD VzGt ryF CSl NKq ParDYIZ mbcQO fTEDhm tSllS srOx LrGDI IyHvPjC EW bTOmFT bcDcA Zqm h yHL HGAJZ BLe LqY GbOUzy esz l nez uNJEY BCOfsVB UBbg c SR vvGlX kXj gpvAr l Z GJk Gi a wg ccspz sySm xHibMpk EIhNl VlZf Jy Yy DFrNn izGq uV nVrujl kQLyxB HcLj NzM G dkT z IGXNEg WvW roPGca owjUrQ SsztQ lm OD zXeM eFfmz MPk

To view this article, become a Morningstar Basic member.

Register For Free
Facebook Twitter LinkedIn

Securities Mentioned in Article

Security NamePriceChange (%)Morningstar Rating
Horizons Big Data & Hrdwr ETF23.84 CAD0.85
Horizons Marijuana Life Sciences ETF7.94 CAD-2.28
NVIDIA Corp220.81 USD-1.78Rating
Taiwan Semiconductor Manufacturing Co Ltd ADR115.64 USD-0.47Rating

About Author

Yan Barcelo  is a veteran financial and economic journalist with more than 30 years of experience, writing for many publications in Toronto and in Montreal, including CPA MagazineLes Affaires and Commerce.

© Copyright 2021 Morningstar, Inc. All rights reserved.

Terms of Use        Privacy Policy        Cookies