On September 2nd, a Maryland-based investment management company is launching the first U.S listed exchange-traded fund (ETF) that will focus solely on American cannabis companies, including multi-state operators. The fund will trade under the ticker symbol MSOS on the New York Stock Exchange Arca. In a new release, portfolio manager Dan Ahrens said, “We believe that the U.S. clearly represents the most attractive opportunity for cannabis investment and remains an exponentially larger market than the Canadian cannabis market.” An ETF is a collection of securities traded as one stock. EFTs can be bought and sold during the day which helps spread the risk and is similar to a mutual fund. Ahrens is also the portfolio manager of AdvisorShares YOLO, which launched in 2019 as a cannabis-related ETF. Through a derivative contract, YOLO also invests in some American MSOs.
Marijuana Business Daily, 09/01/2020 14:58:22
Open article: https://mjbizdaily.com/us-focused-marijuana-etf-set-to-launch-on-nyse/