Canadian Tech Sector Cools Yet the Ubika Tech 20 Index Remains Hot

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Ubika Technology 20 has surged more than 30% year to date despite recent weakness in the Canadian tech sector

Ubika Technology 20 (UT20) is up 30.7% YTD, outperforming both the TSX-V Index and the TSX Information Technology Index, which have returned -0.6% and 9.7% YTD, respectively. The Canadian tech sector has cooled down recently as investors begin to question high valuations, shifting their capital into more defensive sectors. In this edition of the UT20, we discuss some industry highlights as well as three companies that have had several eventful months. Companies mentioned include: Sandvine Corp, which has received multiple buyout offers, Tangelo Games, which is on the verge on bankruptcy, and Points International, which appears to be a solid company trading at an attractive price.

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Disclosure: Neither the author nor any of the principals at Small Cap Power, or their family members, own shares in any of the companies mentioned above.

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