HMMJ is the world's first ETF offering direct exposure to North American-listed securities having significant business activities in the marijuana industry. This quarter, 3 companies were added to HMMJ's portfolio:
Company | Ticker | Exchange |
ISH | CSE | |
TBP | TSX | |
JAZZ | NASDAQ |
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, which rebalances quarterly, has been 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 offerings of biopharmaceuticals, medical manufacturing, distribution, bio-products and other ancillary businesses related to the marijuana industry.
"The performance of HMMJ was more volatile during the second quarter of 2021, this reflected more the fact that the sector had reached such lofty valuations after a very strong start to the year. Year-to-date, the sector is still up more than 30%," said
The holdings of HMMJ and its current portfolio weights are regularly updated and available at https://www.HorizonsETFs.com/HMMJ. It is important to note that HMMJ may not hold all of the constituents of the index. Horizons ETFs, through the use of a stratified sampling strategy, may invest in securities that closely match the investment characteristics of HMMJ's index, provided they are consistent with the ETF's investment objectives and strategies.
Performance Update as at
1 | 3 | 6 |
| 1 | 3 | Annualized Since | |
HMMJ | 1.33% | -13.71% | 34.62% | 34.62% | 60.47% | -10.32% | 7.78% |
Source: Bloomberg, as at
HMUS REBALANCE
HMUS is the world's first
This rebalance resulted in 9 companies added to the HMUS portfolio:
Company | Ticker | Exchange |
Ascend Wellness Holdings | AAWH/U | CSE |
AFC Gamma Inc. | AFCG | NASDAQ |
Chalice Brands Ltd. | CHAL | CSE |
Captor Capital Corp. | CPTR | CSE |
Flora Growth Corp. | FLGC | NASDAQ |
Gage Growth Corp. | GAGE | CSE |
Hollister Biosciences Inc. | HOLL | CSE |
Lowell Farms Inc. | LOWL | CSE |
Verano Holdings Corp. | VRNO | CSE |
"Halfway into 2021, we're seeing increased momentum in the
The holdings of HMUS and its current portfolio weights are regularly updated and available at https://www.HorizonsETFs.com/HMUS. HMUS may not hold all of the constituents in its index. Horizons ETFs, through the use of a stratified sampling strategy, may invest in securities that closely match the investment characteristics of HMUS' index, provided they are consistent with the ETF's investment objectives and strategies.
Performance Update as at
1 | 3 | 6 |
| 1 | Annualized Since | |
HMUS | -2.61% | -10.99% | 9.10% | 9.10% | 113.16% | -14.87% |
Source: Bloomberg, as at
About
Commissions, management fees and expenses all may be associated with an investment in Horizons US Marijuana Index ETF and the Horizons Marijuana Life Sciences Index ETF (the "ETFs") managed by
*The indicated rates of return for HMMJ and HMUS 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 security holder that would have reduced returns. The ETFs are not guaranteed, their values change frequently, and past performance may not be repeated.
Certain statements may constitute a forward-looking statement, including those identified by the expression "expect" and similar expressions (including grammatical variations thereof). The forward-looking statements are not historical facts but reflect the author's current expectations regarding future results or events. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations. These and other factors should be considered carefully and readers should not place undue reliance on such forward looking statements. These forward-looking statements are made as of the date hereof and the authors do not undertake to update any forward-looking statement that is contained herein, whether as a result of new information, future events or otherwise, unless required by applicable law.
There are risks associated with this product. HMUS is expected to invest in the Marijuana industry in certain
SOURCE
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