AdvisorShares’ U.S. cannabis ETF launches these days

landscape photography of mountain range

AdvisorShares Pure US Cannabis ETF, which claims to be the initial U.S.-listed active ETF to concentrate solely on American cannabis providers, begins trading these days.

It is the firm’s second committed cannabis investment approach following AdvisorShares Pure Cannabis ETF (NYSEARCA:YOLO), which launched on April 18, 2019.

The new ETF trades beneath the symbol “MSOS” and will include things like multi-state operators in its holdings MSOs are U.S. providers straight involved in the legal production and distribution of cannabis in states exactly where authorized.

“We think that the U.S. clearly represents the most eye-catching chance for cannabis investment and remains an exponentially bigger industry than the Canadian cannabis industry,” mentioned MSOS portfolio manager Dan Ahren, AdvisorShares chief operating officer.

MSOS seeks extended-term capital appreciation by investing totally in legal, domestic cannabis equity securities, the business mentioned.

The ETF’s annual operating costs following charge waiver/expense reimbursement is .74%, according to MSOS’s prospectus.

Original Author Hyperlink click right here to study comprehensive story..

Latest posts