The group behind the leading public exchange-traded fund (ETF) for the Canadian cannabis industry on Monday updated its lineup of ETFs with exposure to cannabis stocks. Horizons ETFs Management revealed plans to list futures contracts for the Horizons Marijuana Life Sciences Index ETF (TSX:HMMJ) and to launch three new “inverse and inverse leveraged ETFs.” According to the Globe and Mail, leveraged ETFs are also commonly known as double ETFs and seek to provide investors with “two or three times the return on their stated index. “For us, this further legitimizes Marijuana-equity investing and HMMJ is the key way to get broad index exposure to this rapidly growing sector,” said Steve Hawkins, president, and co-CEO of Horizons ETFs.

Hemp Land, Cannabis Hemp Blog, 11/23/2020 05:54:17

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