BetaPro Canadian Marijuana Companies -2x Daily Bear ETF (HMJD): This proposed fund aims for daily investment results, before fees, expenses, distributions, brokerage commissions and other transaction costs, that seek to correspond to two times (200%) the inverse of the daily performance of the Solactive Canadian Marijuana Companies Index.
BetaPro Canadian Marijuana Companies Inverse ETF (HMJI): This proposed fund aims for daily investment results, before fees, expenses, distributions, brokerage commissions and other transaction costs, that seek to correspond to one times (100%) the inverse of the daily performance of the Solactive Canadian Marijuana Companies Index.
“If used appropriately, inverse marijuana ETFs could be a potentially more liquid and easier way for investors to get short exposure to Canadian-listed marijuana stocks while limiting their risk to what they invested,” said Hawkins, adding that there are risks that come with “the high cost of borrowing marijuana stocks.”
For more information on new fund products, visit our new ETFs category.