ABOUT HMMJ
HMMJ is the world's first ETF that offered direct exposure to businesses with activities in the marijuana industry. This quarter, two constituents were added to HMMJ's portfolio:
Additions
Company | Ticker | Exchange |
Agraflora Organics International Inc. | AGRA | Canadian Securities Exchange |
CBDMD Inc. | YCBD |
HMMJ 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 offerings of biopharmaceuticals, medical manufacturing, distribution, bio-products and other ancillary businesses related to the marijuana industry. Securities within HMMJ's index generally have a market capitalization of greater than
"Following volatility that impacted nearly all asset classes across global markets in March, marijuana companies saw a strong recovery in the first two months of Q2 2020. HMMJ was up more than 15% for the three months ending at
Rebalancing of the North American Marijuana Index, and consequently HMMJ, occurs each calendar quarter. At that point, all stocks eligible for inclusion in the index 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. It is important to note that HMMJ may not hold all of the constituent names in its index. Horizons ETFs may, through the use of a stratified sampling, invest HMMJ in securities that closely match the investment characteristics of its index, provided they are consistent with the ETF's investment objectives and strategies.
Performance Update as at
1 | 3 | 6 | YTD | 1 | 3 | Annualized Since | |
HMMJ | -8.00% | 15.59% | -17.19% | -17.19% | -58.16% | 0.38% | -4.68% |
NAMMAR Index | -8.51% | 21.79% | -17.31% | -17.31% | -56.38% | -4.35% | -9.42% |
Source: Bloomberg, as at |
ABOUT HMUS
HMUS is the world's first
This rebalance resulted in one addition and one removal from the portfolio:
Additions
Company | Ticker | Exchange |
CBDMD Inc. | YCBD |
Deletions
Company | Ticker | Exchange |
Halo Labs Inc. | HALO | Aequitas NEO Exchange |
"Similar to what we saw in
Rebalancing of the US Marijuana Companies Index, and consequently HMUS, occurs each calendar quarter. At that point, all stocks eligible for inclusion in the index 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. It is important to note that HMUS may not hold all of the constituent names in its index. Horizons ETFs may, through the use of a stratified sampling, invest HMUS in securities that closely match the investment characteristics of its index, provided they are consistent with the ETF's investment objectives and strategies.
Performance Update as at
1 | 3 | 6 | YTD | 1 | Annualized Since | |
HMUS | -12.08% | 23.80% | -27.90% | -27.90% | -57.19% | -60.26% |
US Marijuana Companies Index | -12.40% | 22.99% | -29.71% | -29.71% | -59.18% | -61.93% |
Source: Bloomberg, as at |
About
Commissions, management fees and expenses all may be associated with an investment in the exchange traded funds (the "ETFs") managed by
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. The indices are not directly investible.
HMUS is expected to invest in the Marijuana industry in certain
SOURCE
© Canada Newswire, source