New marijuana ETF hits the block amid pot stocks rally

By Bansari Mayur Kamdar - Subversive Capital Advisor launched its sixth exchange-traded fund – Subversive Cannabis ETF - on Tuesday, just as recent U.S. moves to ease curbs sparked a rallySaltWire's Atlantic regional weather forecast for September 19, 2023 | SaltWire - Subversive Capital Advisor launched its sixth exchange-traded fund – Subversive Cannabis ETF - on Tuesday, just as recent U.S. moves to ease curbs sparked a rally in pot stocks.

"We do not believe a Congress this politically divided will meaningfully act on cannabis at the federal level," said Christian H. Cooper, the fund's portfolio manager, in a note. Cannabis ETFs such as the AdvisorShares Pure US Cannabis and the smaller Roundhill Cannabis ETF have jumped more than 25% each so far this month.

"However, this is a relatively crowded segment with ETFs from AdvisorShares, Amplify, Global X, Roundhill among others offering products with longer records."

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

New marijuana ETF hits the block amid pot stocks rallySubversive Capital Advisor launched its sixth exchange-traded fund – Subversive Cannabis ETF - on Tuesday, just as recent U.S. moves to ease curbs sparked a rally in pot stocks. 'We do not believe a Congress this politically divided will meaningfully act on cannabis at the federal level,' said Christian H. Cooper, the fund's portfolio manager, in a note. 'The gains for these thematic ETFs could persist,' said Todd Rosenbluth, head of research at VettaFi.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Canadian ETF trends: Money market craze continues, investors exit energy funds and a new provider hits marketThe latest exchange-traded funds launches and terminations
Source: globeandmail - 🏆 5. / 92 Read more »