Small-cap pot stocks from Hori­zons

Investment Executive - - FOCUS ON PRODUCTS -

Toronto-based Hori­zons ETFs Man­age­ment (Canada) Inc. has added a sec­ond mar­i­juana ETF to its prod­uct shelf. Hori­zons Emerg­ing Mar­i­juana Grow­ers In­dex ETF is de­signed to repli­cate, to the ex­tent pos­si­ble, the emerg­ing mar­i­juana grow­ers in­dex. This in­dex is meant to pro­vide ex­po­sure to a bas­ket of pri­mar­ily small-cap com­pa­nies’ stocks that are listed in North Amer­ica. These com­pa­nies fo­cus on the cul­ti­va­tion, pro­duc­tion or dis­tri­bu­tion of mar­i­juana. Stocks must have a mar­ket cap greater than $50 mil­lion, but less than $500 mil­lion, for ini­tial in­clu­sion in the in­dex. The ETF has a man­age­ment fee of 0.85%.

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