Excerpt from InvestmentNews.com published January 4, 2024
Another advisor, Eric Walters, founder of Summit Hill Wealth Management, said he isn’t a fan of thematic ETFs, including those focused on AI.
“They tend to be created and released during a period of hype and trade in equities that are overvalued. Investors put money in and then the bubble bursts,” Walters said in an email. “All we have to do is consider some recent theme ETFs that were popular with investors but have lost money: green energy, electric vehicles, bitcoin and crypto currencies, gold and gold miners.”