In the ETF world, right, you have your

core exposures. S&P, bonds, small caps.

>> QQQ

>> QQQ

>> SOX

>> And every what happens is folks

complement that with thematic funds.

Thematic funds blur the line between

sectors. You think about uh natural

resources, energy materials.

>> Right.

>> Nuclear stocks, cybersecurity.

Can have tech and communications or

industrials in there.

>> So you could have a theme where the

stocks in the ETF

are in more than one sector.

>> It's meant to

>> Because it's a multiple theme.

>> Yeah, and people like to add those cuz

it's adding to a portfolio, but it's

also reflective of performance chasing.

The amount of times you see a single

theme get hot and all of a sudden

there's massive flows into it. It's

reflective of herding behavior. So just

be careful when buying single theme

ETFs. They can just blow up your whole

portfolio or at least not the whole the

part of it.

>> Uh whichever part you like you got it in

there.

>> Yeah, and how overloaded you get on

there.