Investors Can Now Take a Hit of First Marijuana ETF

“As an ETF issuer we are excited about opportunities for innovation, the chance to give investors exposure to new markets and doing our part to impact the continued evolution of the ETF industry by meeting the appetite of investor interest,” Sam Masucci, Founder & CEO of ETF Managers Group, said in a note.

MJX country weights include Canada 41%, US 34%, UK 9%, Hong Kong 3%, Italy 3%, Denmark 3%, Japan 3% and Sweden 3%. Sector weights include health care 50%, consumer staples 31%, materials 9%, stocks 7% and industrials 3%.

Top component holdings include Chronos Group 5.8%, Canopy Growth 5.5%, CannTrust Holdings 5.3%, GW Pharmaceuticals 5.3% and MedReleaf 5.3%.

For more information on new fund products, visit our new ETFs category.