Investors should navigate the volatility by getting into ETFs with a long-term growth story, according to one portfolio manager. He names three favorites.
Investors should navigate the ongoing market volatility by getting into an exchange-traded fund that taps a long-term growth story: cyber security, according to John Petrides, portfolio manager at Tocqueville Asset Management. His favorite fund is the ETFMG Prime Cyber Security ETF , trading under the ticker "Hack." It's currently down around 25% year-to-date — the same as the tech-heavy Nasdaq Composite — but Petrides said it has a uniquely strong selling point looking ahead.
Petrides added that outside of the energy sector, cybersecurity companies have been the best performing this past earnings season. "As more of our lives move into the digital realm, we're going to need more firewalls and more security to protect ourselves," he said. "The idea of owning ETF instead of one specific player — you have the whole basket and ride the wave of more capital investment into the cyberspace.
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