12/8/2022 0 Comments Mj etf in market watch![]() ![]() Copyright 2019© FactSet Research Systems Inc. Fundamental company data and analyst estimates provided by FactSet. International stock quotes are delayed as per exchange requirements. stock quotes reflect trades reported through Nasdaq only comprehensive quotes and volume reflect trading in all markets and are delayed at least 15 minutes. More information on MSCI ESG Fund Metrics, provided by MSCI ESG Research LLC, can be found at. Neither MSCI ESG nor any of its affiliates or any third party involved in or related to creating any Information makes any express or implied warranties, representations or guarantees, and in no event will MSCI ESG or any such affiliate or third party have any liability for any direct, indirect, special, punitive, consequential or any other damages (including lost profits) relating to any Information. All Information is provided solely for your internal use, and may not be reproduced or redisseminated in any form without express prior written permission from MSCI. The Information is provided “as is” and the user of the Information assumes the entire risk of any use it may make or permit to be made of the Information. None of the Information can be used to determine which securities to buy or sell or when to buy or sell them. ![]() None of the information constitutes an offer to buy or sell, or a promotion or recommendation of, any security, financial instrument or product or trading strategy, nor should it be taken as an indication or guarantee of any future performance, analysis, forecast or prediction. MSCI ESG materials have not been submitted, to nor received approval from, the US SEC or any other regulatory body. MSCI ESG is a Registered Investment Adviser under the Investment Advisers Act of 1940. MSCI ESG Research LLC’s (“MSCI ESG”) Fund Metrics products (the “Information”) provide environmental, social and governance data with respect to underlying securities within more than 23,000 multi-asset class Mutual Funds and ETFs globally. ETFMG has appealed.Ĭopyright MSCI ESG Research LLC. The judge sharply criticized ETFMG’s founder and chief executive. In December 2019, a federal judge ordered ETFMG to pay $80 million to Nasdaq, one former business partner. So far there’s little indication that the firm’s legal woes have hurt investors in the ETFs but investors should be aware of the controversy. ETFMG is facing lawsuits from former business partners alleging theft of profits and intellectual property. One unusual consideration in the case of MJ is the reputation of ETF Managers Group, the firm that runs the fund. Prior to that, the fund invested in Latin American real estate. 26, 2017, which is when ETF Managers Group converted it to cannabis investing. Investors should discount MJ’s performance prior to Dec. MJ is by far the largest fund, and short-term traders might prefer MJ’s size and liquidity to that of its smaller competitors. Another interesting alternative is the Cambria Cannabis ETF ( TOKE), an actively-managed fund. Rivals offering similar exposure charge much less: The Cannabis ETF ( THCX) charges $70 and the Global X Cannabis ETF ( POTX) costs just $50. MJ is one of the most expensive options on the market, with a management fee of $75 a year for every $1,000 invested. ![]() Like other cannabis ETFs, MJ’s holdings are largely concentrated in thinly-traded small-cap equities, which has raised questions about whether there’s enough liquidity in the underlying stocks to absorb investor inflows without distorting prices. MJ’s portfolio is rounded out with investments in other industries like fertilizer and tobacco. federal law, the fund’s holdings are dominated by Canadian cannabis companies. Since marijuana is still illegal under U.S. The ETF tracks an index of companies involved in the legal business of growing, marketing and selling cannabis products for medical and recreational use. The ETFMG Alternative Harvest ETF was the first pure-play cannabis ETF listed in the U.S. ![]()
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