Horizons ETFs has completed its final marijuana ETFs rebalance of 2019
HMMJ is the world's first ETF offering direct exposure to North American-listed securities that have significant business activities in the marijuana industry. Amid contraction within the marijuana sector, seven constituents were removed from HMMJ's portfolio:
Deletions
Company | Ticker | Exchange |
Heritage Cannabis Holdings Corp | CANN | Canadian Securities Exchange |
Emerald Health Therapeutics | EMH | |
Eve & Co Inc | EVE | |
Fsd Pharma Inc | HUGE | Canadian Securities Exchange |
48North Cannabis Corp | NRTH | |
Radient Technologies Inc | RTI | |
Zenabis Global Inc | ZENA |
HMMJ is an index (or passively managed) ETF, which seeks to replicate, to the extent possible, the performance of the North American Marijuana Index, net of expenses. This 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. The North American Marijuana Index selects from a current universe of companies that have operations that may include one or more of biopharmaceuticals, medical manufacturing, distribution, bioproducts and other ancillary businesses related to the marijuana industry. Securities within HMMJ's index generally have a market capitalization of greater than CAD
"The performance of the Marijuana sector in Q4 was quite disappointing. As a result, the market capitalization of a number of HMMJ's holdings fell below their minimum inclusion threshold, leading to their removal from the index and the ETF," said
Rebalancing of the North American Marijuana Index, and consequently HMMJ, occurs each calendar quarter. At that point, all stocks eligible for inclusion are generally re-weighted by their respective market capitalization. The holdings of HMMJ and its current portfolio weights are regularly updated and available at https://www.HorizonsETFs.com/HMMJ.
Performance Update as at
1 Month | 3 Month | 6 Months | YTD | 1 Year | Annualized | |
HMMJ | -4.48% | -34.28% | -51.52% | -34.71% | -34.76% | 0.73% |
NAMMAR Index | -5.77% | -32.43% | -51.08% | -34.51% | -34.55% | -6.26% |
TX60AR Index | 0.58% | 1.77% | 4.58% | 22.52% | 23.95% | 7.08% |
* Source: Bloomberg, as at
The indicated rates of return are the historical annual compounded total returns, including changes in unit value and reinvestment of all distributions and do not take into account sales, redemption, distribution or optional charges or income taxes payable by any securityholder that would have reduced returns. Additionally, index returns do not take into account management, operating or trading expenses that may be incurred in replicating the index. The rates of return above are not indicative of future returns. ETFs are not guaranteed, their values change frequently, and past performance may not be repeated. The indices are not directly investible.
HMUS REBALANCE
Launched in
HMUS seeks to replicate, to the extent possible, the performance of the US Marijuana Companies Index, net of expenses. This index is designed to provide exposure to the performance of a basket of publicly-listed companies having significant business activities in, or significant exposure to, the marijuana or hemp industries in
This rebalance resulted in the removal of seven companies:
Deletions
Company | Ticker | Exchange |
Chemesis International Inc | CSI | Canadian Securities Exchange |
Dixie Brands Inc | DIXI | Canadian Securities Exchange |
4front Ventures Corp | FFNT | Canadian Securities Exchange |
High Tide Inc | HITI | Canadian Securities Exchange |
Rubicon Organics Inc | ROMJ | Canadian Securities Exchange |
Sol Global Investments Corp | SOL | Canadian Securities Exchange |
1933 Industries Inc | TGIF | Canadian Securities Exchange |
"We continue to believe that
Rebalancing of the US Marijuana Companies Index, and consequently HMUS, occurs each calendar quarter. At that point, all stocks eligible for inclusion are generally re-weighted by their respective market capitalization. The holdings of HMUS and its current portfolio weights are regularly updated and available at https://www.HorizonsETFs.com/HMUS.
HMJR REBALANCE
HMJR seeks to replicate, to the extent possible, the performance of the Emerging Marijuana Growers Index, net of expenses. This index is designed to provide exposure to the performance of a basket of primarily North American publicly-listed small-capitalization companies primarily involved in the cultivation, production and/or distribution of marijuana.
HMJR invests in companies with market capitalizations generally between CAD
The HMJR portfolio recently expanded to include the following eight constituents:
Additions
Company | Ticker | Exchange |
AYR.A | Canadian Securities Exchange | |
CXXI | Canadian Securities Exchange | |
IAN | Canadian Securities Exchange | |
MMEN | Canadian Securities Exchange | |
OH | Canadian Securities Exchange | |
SEMG | Tel Aviv Stock Exchange | |
SNDL | NASDAQ | |
TGOD |
The following 20 companies were removed from HMJR's portfolio on this rebalance:
Deletions
Company | Ticker | Exchange |
Choom Holdings Inc | CHOO | Canadian Securities Exchange |
Creso Pharma Ltd | CPH | |
Chemesis International Inc | CSI | Canadian Securities Exchange |
Dixie Brands Inc | DIXI | Canadian Securities Exchange |
Delta 9 Cannabis Inc | DN | |
Emerald Health Therapeutics | EMH | |
Eve & Co Inc | EVE | |
Exmceuticals Inc | EXM | Canadian Securities Exchange |
FSD Pharma Inc | HUGE | Canadian Securities Exchange |
Harvest One Cannabis Inc | HVT | |
Integrated Cannabis Co Inc | ICAN | Canadian Securities Exchange |
James E Wagner Cultivation Cor | JWCA | |
Mjardin Group Inc | MJAR | Canadian Securities Exchange |
Mgc Pharmaceuticals Ltd | MXC | |
Ravenquest Biomed Inc | RQB | Canadian Securities Exchange |
Sunniva Inc | SNN | Canadian Securities Exchange |
Sproutly Canada Inc | SPR | Canadian Securities Exchange |
Wildflower Brands Inc | SUN | Canadian Securities Exchange |
THC Global Group Ltd | THC | |
Westleaf Inc | WL |
Rebalancing of the Emerging Marijuana Growers Index, and consequently HMJR, occurs each calendar quarter. At that point, all stocks eligible for inclusion are generally re-weighted by their respective market capitalization. The holdings of HMJR and its current portfolio weights are regularly updated and available at https://www.HorizonsETFs.com/HMJR.
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Commissions, management fees and expenses all may be associated with an investment in exchange traded products (the "Horizons Exchange Traded Products") managed by
There are risks associated with this product. HMUS is expected to invest in the Marijuana industry in certain
SOURCE
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