Ombow, With the sector ETFs, most sectors have multiple ETFs available to invest in, but there are a few sub-sectors that aren't covered yet. One in particular that looks interesting is the emerging Psychedelic Medicine sector. There is a recent ETF, but so far it's only available on the Canadian NEO exchange - Horizons Psychedelic Stock Index ETF (NEO:PSYK). That's one that would be worthy of investing in. One of the companies in the ETF is MindMed (MMEDF), which is up huge in the last year. As with the cannabis sector, there is a lot of potential, and it's increasingly clear that this area is being given the 'green light' (for better of worse) and should experience rapid growth.
Another great looking growth area is Biometrics + Digital ID, though I haven't seen an ETF for it yet, though some of the stocks are included the broader Cybersecurity sector ETFs. Same with Nanotechnology, which had a dedicated ETF several years ago, but it closed. Another interesting area that I call Food Innovation had an ETF (DIET) but I guess it didn't attract enough investors.
Otherwise most of the high growth sectors have ETFs (list below). This is a great alternative to trying to pick individual stocks, and the returns have been spectacular. And these sectors aren't just flavor of the month, on the contrary they represent the best long term growth areas out there. They also recovered first/strongest following the March 2020 market crash, so they can actually be seen as 'defensive'. High valuation is the one aspect to watch, and these sectors aren't cheap, but that is where the growth is, so investors keep coming back after any correction. I've been cleaning up on these ETFs, and you don't have to research individual stocks. Seems like a no brainer for the more aggressive part of a stock allocation -
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Cloud Computing - (SKYY, CLOU, WCLD)
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Cybersecurity - (CIBR, HACK, IHAK, BUG, ITEQ)
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Fintech -
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- Mobile + Digital Payments - (IPAY, FINX, ARKF)
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E-Commerce -
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Online Retail - (IBUY, EBIZ)
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Alternate Energy - (PZD, ICLN, PBW, TAN, FAN)
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Energy Storage - (LIT)
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Robotics + Automation - (ROBO, BOTZ, ARKQ)
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5 G Telecom - (FIVG)
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Quantum Computing - (QTUM)
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Cannabis - (YOLO, MJ, CNBS, MSOS)
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Pets + Animals - (PAWZ)
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Internet of Things - (SNSR)
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Transportation Innovation - (DRIV, IDRV)
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Blockchain - (BLOK, BLCN)
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Water - (FIW, PHO, CGW, TBLU)
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Strategic Metals - (REMX)
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Environmental Svcs - (EVX)
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