Opinions Richard Orrell
Horizons Global Semiconductor Index ETFCHPS.TOTOP PICKJul 22, 2025
$44.57
Stock price when the opinion was issued
$86.44
As of Jun 08, 2026. Market Open.
E.T.F.'s
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PAST TOP PICK
(A Top Pick Jul 22/25, Up 38%)
(Note the short timeframe.) Mainly in accounts for corporate clients who have a long time horizon, and are more interested in capital gains than dividends. Still sees a long runway. Expect volatility. He's been reading that capacity is booked out all the way through 2026, so he still likes this area.
Richard OrrellOwned
E.T.F.'s
BUY
A semis ETF? Timely. It's a US semis index, including Texas Instruments and Broadcom as the biggest holdings. It charges an MER of 0.43%. For Canadians, it's worth looking at CHPS, which holds global semi stocks, including Taiwan and Broadcom. Note that Warren Buffett has just invested in semis, and he rarely invests in tech.
E.T.F.'s
PARTIAL SELL
Loves semiconductors for the next few years. They are the engine of everything we do now in the digital world. If interest rates go up in the next 6 months, and feds pullback on aid, then semiconductors could pullback and underperform. He would lighten up and dip back when there is a pullback.
E.T.F.'s
Holds AI, but comes with volatility. There are few semis ETFs in Canada. This holds Taiwan Semi which he really likes. He will buy this on a pullback.