Horizons Marijuana Life Sciences Index ETF (“HMMJ” or “ETF”) seeks to replicate, to the extent possible, the performance of the North American Marijuana Index (the “Index”), net of expenses.
The Index is designed to provide exposure to the performance of a basket of North American publicly listed life sciences companies with significant business activities in the marijuana industry.
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Past performance is not an indication of future results. Also, leveraged products can carry a high degree of risk. eToro offers protective measures to manage risk effectively, but in rare occasions it is possible to lose more money than invested. This content is for information and educational purposes only and should not be considered investment advice nor portfolio management.
Key Features of HMMJ:
- Strong growth potential: The North American medical marijuana market posted USD $6.7 billion in revenues in 2016; up 30% from the previous year*
- Diversified exposure: Unlike an investment in the stock of a single medical marijuana company, HMMJ provides exposure to a diversified group of companies within the industry, reducing single security risk
- Legal constraints: HMMJ will not invest in any constituent issuers that are primarily focused on serving the medical or recreational marijuana market in the United States, or the recreational marijuana market in Canada, unless and until such time as it becomes legal. HMMJ’s investment strategy permits the ETF to invest in marijuana companies which derive some portion of their revenue, currently or in the future, from the medical and/or recreational cannabis industry in certain U.S. states where cannabis use has been legalized by state law, notwithstanding that the use, possession, sale, cultivation and transportation of cannabis remains illegal under U.S. federal law
- Rebalanced quarterly: The marijuana industry is rapidly growing and evolving.Quarterly rebalances seek to ensure the composition of HMMJ reflects the changing leadership and drivers of growth within the industry* Source: Arcview Market Research (www.arcviewmarketresearch.com), March 2017.The North American Marijuana Index:
- Constituents are listed on North America’s public equity markets with business activities that include biopharmaceuticals, medical manufacturing, distribution, bioproducts and other ancillary businesses to the marijuana industry
- While securities may be listed on the TSX, NYSE, or Nasdaq Global Market, many of these securities may trade on North American junior exchanges that include but are not limited to the:- TSX Venture Exchange
– Canadian National Stock Exchange – Nasdaq Capital Market - Other filters include:- The issuer will generally have a market capitalization of greater than $75 million CAD- The average monthly daily trading volume will generally be greater than 75,000 shares a day, with a trading value generally greater than $250,000- No issuer will represent more than 10% of the Index on each rebalance date
Click here to start investing in HMMJ!
Past performance is not an indication of future results. Also, leveraged products can carry a high degree of risk. eToro offers protective measures to manage risk effectively, but in rare occasions it is possible to lose more money than invested. This content is for information and educational purposes only and should not be considered investment advice nor portfolio management.
