Opinions Richard Orrell
Horizons Global Semiconductor Index ETFCHPS.TOPAST TOP PICKJan 29, 2026
Richard OrrellOwned
$61.40
Stock price when the opinion was issued
$86.44
As of Jun 08, 2026. Market Open.
E.T.F.'s
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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
(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.