GTBIF - Happy 4/20! WEED becomes the latest cannabis ETF
It wouldn’t be a true 4/20 without another cannabis exchange traded fund hitting the marketplace. Roundhill Investments has unveiled the Roundhill Cannabis ETF (WEED), which will begin trading on Wednesday. WEED, as its name suggests, is designed to provide market participants exposure to the cannabis sector. The ETF will invest in different cannabis-related stocks, which include cannabis producers, distributors, cannabis-technology companies and related ancillary businesses. WEED also utilizes total return swaps to provide exposure to U.S.-focused cannabis companies. The fund also has a 0.75% expense ratio. The thematic fund comes forward with 24 holdings that are broken out over the United States and Canada. The U.S. represents the bulk of the portfolio exposure at 62.3% and Canadian stocks represent 36.8% of the exchange traded fund. The new fund is led by Curaleaf Holdings, Inc. (CURAF) weighted at 12.12% and Green Thumb Industries (OTCQX:GTBIF) weighted at 10.10%. Moreover, WEED also has
For further details see:
Happy 4/20! WEED becomes the latest cannabis ETF