CHPS has returned 137% over the past year while still trading at forward multiples below its own historical average. The top five holdings, weighted 23.59% combined, trade at PEG ratios near or below 1.0x, supporting the current valuation. Information technology's forward P/E sits below its five- and ten-year averages, reinforcing the case that CHPS remains reasonably priced.
Some exchange-traded funds offer the safety of diversification at the expense of eye-popping returns. This year, returns are the story, especially at funds that hold big slugs of red-hot chip shares.
No longer reserved for niche investment strategies, Environmental, Social, and Governance (ESG) principles are on track to become a major consideration for investors as climate change, geopolitics, and energy usage become increasingly important to companies across sectors. PricewaterhouseCoopers has predicted that ESG will continue to be a dominant feature in exchange-traded fund (ETF) launches.