Marijuana ETF invests in Pot Stocks: SEED.TSE B
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Posted On: 04/07/2018 12:25:00 PM
Marijuana ETF invests in Pot Stocks: SEED.TSE
Basic details of Evolve Marijuana ETF
• Actively managed
• International investment scope
• Ticker symbol SEED on Toronto Stock Exchange
• Acquires stocks of companies in both medical and recreational markets
• Management Expense Ratio is 1% (0.75% management fee + 0.25% fixed administration fee)
• Distribution frequency is monthly
• May invest up to 10% in unlisted issuers
Evolve ETFs says international cannabis industry will be $30 billion by 2021.
Evolve ETFs, the company that manages the Evolve Marijuana ETF, manages 10 other ETFs on the Toronto Stock Exchange. According to President and CEO, Raj Lala:
“We believe the international cannabis industry is poised to exceed $30 billion by 2021, which would be a 60% compounded annual growth rate in the next few years. The next wave of growth could be driven by the globalization of the industry. Active management in SEED allows us to capitalize on these opportunities.”
SEED.TSX: Holdings details
The goal may be to invest in companies in other legal marijuana countries, but presently the fund is composed almost entirely of Canadian companies. The ETF holds funds in 25 companies. The overall composition is 94% Canadian and 6% Australian.
As of February 12th, Evolve Marijuana ETF’s 10 biggest holdings are:
1. Aurora Cannabis Inc
2. Cronos Group Inc
3. Aphria Inc
4. Canopy Growth Corp
5. Medreleaf Corp
6. CanniMed Therapeutics
7. Organigram Holdings, Inc
8. Emerald Health Therapeutics
9. The Supreme Cannabis Co Inc
10. Cannabis Wheaton Income Corp
Basic details of Evolve Marijuana ETF
• Actively managed
• International investment scope
• Ticker symbol SEED on Toronto Stock Exchange
• Acquires stocks of companies in both medical and recreational markets
• Management Expense Ratio is 1% (0.75% management fee + 0.25% fixed administration fee)
• Distribution frequency is monthly
• May invest up to 10% in unlisted issuers
Evolve ETFs says international cannabis industry will be $30 billion by 2021.
Evolve ETFs, the company that manages the Evolve Marijuana ETF, manages 10 other ETFs on the Toronto Stock Exchange. According to President and CEO, Raj Lala:
“We believe the international cannabis industry is poised to exceed $30 billion by 2021, which would be a 60% compounded annual growth rate in the next few years. The next wave of growth could be driven by the globalization of the industry. Active management in SEED allows us to capitalize on these opportunities.”
SEED.TSX: Holdings details
The goal may be to invest in companies in other legal marijuana countries, but presently the fund is composed almost entirely of Canadian companies. The ETF holds funds in 25 companies. The overall composition is 94% Canadian and 6% Australian.
As of February 12th, Evolve Marijuana ETF’s 10 biggest holdings are:
1. Aurora Cannabis Inc
2. Cronos Group Inc
3. Aphria Inc
4. Canopy Growth Corp
5. Medreleaf Corp
6. CanniMed Therapeutics
7. Organigram Holdings, Inc
8. Emerald Health Therapeutics
9. The Supreme Cannabis Co Inc
10. Cannabis Wheaton Income Corp
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