Red­wood en­ters cannabis mar­ket

Investment Executive - - FOCUS ON PRODUCTS -

Toronto-based Red­wood As­set Man­age­ment Inc. is jump­ing into the cannabis mar­ket with Mar­i­juana Op­por­tu­ni­ties Fund. The fund, which is avail­able as both a mu­tual fund and an ETF, of­fers in­vestors long-term cap­i­tal ap­pre­ci­a­tion through in­vest­ments in global is­suers with in­ter­ests in the mar­i­juana in­dus­try or mar­i­juana-re­lated in­dus­tries. The fund in­vests pri­mar­ily in eq­ui­ties, but also may in­vest in other se­cu­ri­ties, in­clud­ing but not lim­ited to pre­ferred shares, con­vert­ible se­cu­ri­ties, debt se­cu­ri­ties, sub­scrip­tion re­ceipts, op­tions and war­rants. The orig­i­nal name of the cannabis fund was Red­wood In­fra­struc­ture In­come Fund, but it was re­named Mar­i­juana Op­por­tu­ni­ties Fund on Jan. 23. For full fund de­tails, in­clud­ing fees, visit red­woodas­set.com.

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