From hot to not

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

Yan Barcelo 12 November, 2019 | 1:50AM

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.

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar Rating
Horizons Blckchn Tech & Hrdwr ETF23.84 CAD0.85
Horizons Marijuana Life Sciences ETF6.13 CAD-7.68
NVIDIA Corp264.77 USD4.76
Taiwan Semiconductor Manufacturing Co Ltd ADR47.86 USD2.03

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.