The current market for legalized marijuana is already worth billions, and many investors believe there will be a real boom in a few years. With the emergence of so many speculative companies in the cannabis sector, some of these investors have also expressed the need for an exchange-traded fund to follow the performance of the sector and its top companies. This is how risk is concentrated in a tool that combines industry performance instead of investing in cannabis companies separately. Innovation Shares is launching the Cannabis ETF (THCX) as the first one with a passive fund management to invest in marijuana stocks. Fund launched today (09.07.2019).
The fund will monitor 35 shares, which will be the component of the index. Expectations are for these companies to break the most in the marijuana industry. The new ETF will follow the Innovation Labs Cannabis Index. The portfolio will be balanced monthly.
The companies that enter the index are: Arena Pharma, Aurora Cannabis, Canopy Growth, Cronos, Hexo, Organigram, PerkinsElmer, PharmaCielo, Scotts, MiracleGro, Tilray, Village Farms and others.
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