These new ETFs target trend investors

Article Excerpt

The North American ETF universe has welcomed several new theme ETFs in recent weeks—each is meant to tap an investment trends. Those funds include a new U.S. marijuana ETF as well as a fund focused on companies at the forefront of the developing 5G network industry. ADVISORSHARES PURE CANNABIS ETF $25.00 (New York symbol YOLO) launched in April 2019 and is a second U.S. listed cannabis ETF. The fund invests in the shares of companies that derive at least 50% of their revenue from the marijuana and hemp industries. It is actively managed and invests in both Canadian and U.S. companies. The ETF has an initial asset base of $34.0 million and charges an MER of 0.74%. Its current top holdings include all the familiar cannabis names such as Organigram, CannTrust, Aphria, HEXO, Canopy Growth, and Aurora. However, this new fund competes with much larger, better-established ETFs. In the U.S., where cannabis use is still illegal federally, the ETFMG Alternative Harvest ETF (New York symbol MJ) launched in December…