Mike Philbrick
Horizons GX Cybersecurity Index ETF
HBUG-T
COMMENT
Jun 27, 2022
HBUG-T is outperforming QQQ because of currency/foreign exchange. He can't recommend an alternative to HBUG, but you could withstand the low liquidity in this. Rather, the challenge are the long-duration assets it holds. So if rates keep rising, these sectors will struggle. Then again, this cybersecurity is high-growth.
The currency is part of the liquidity situation. It is worth it because it is in cyber security, a high growth industry. He doesn't know of another ETF in this area.
Canadian cybersecurity ETF choices include CYBR and HBUG, which tracks BUG. Different levels of volatility. Equal weight ones will have higher highs and lower lows. Market-cap weighted ones will ride the trend more smoothly. See which aligns with your risk profile, and be careful of position size.
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