Three riskier ETFs with recovery potential

Article Excerpt

The recent market downturn has been especially hard on riskier stocks—and all three of these ETFs are down considerably from their 2021 highs. But the best of the stocks these ETFs hold are at the forefront of innovative industries or segments that still have considerable growth prospects. That offers appeal for the more-aggressive part of an investor’s well-balanced portfolio. Meanwhile, please see the Supplement on page 80 for an analysis of whether riskier stocks outperform less-risky stocks over time. BMO MSCI INNOVATION INDEX ETF $21.67 (Toronto symbol ZINN; TSINetwork ETF Rating: Aggressive Market cap: $20.9 million) tracks the MSCI ACWI Innovation Index. The index includes large, medium, and small companies from developed and emerging markets that are involved in genomics, fintech, autonomous technology, and next-generation Internet. U.S. stocks make up 79% of the portfolio, followed by China (10%), South Africa (2%) and Taiwan (1%). The main segment allocations are Information Technology (44%), Health care (27%), Consumer Discretionary (13%), and Communication (12%). The ETF currently holds 582…

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