ETF Managers Group Launches New Cannabis ETF
Key theme AND F transmitter AND F Group of managers SARL (ETFMG®) announced the launch of a new fund in its lineup of cannabis ETFs, the ETFMG 2x Daily Reverse Alternative Harvest AND F. MJIN is designed to seek daily leveraged investment results, before fees and expenses, of twice the inverse (-2x) (or inverse) of the performance of the Prime Alternative Harvest Index, offering investors access to the global cannabis ecosystem and directly benefiting medicinal and recreational legalization initiatives.
“The launch of MJIN marks another first in the market for ETFMG and complements our full range of cannabis investment offerings, ”said Sam Masucci, CEO and founder of ETFMG. “We are a one-stop-shop for investors looking to capitalize on the global and US cannabis sectors.”
MJIN is ETFMG’s fourth cannabis exchange-traded fund. He joins the ETFMG Alternative harvest AND F (MJ) – the first cannabis listed in the United States and the largest in the world AND F – as good as ETFMG American Alternative Harvest AND F (MJUS) and the ETFMG 2x daily alternative harvest AND F (MJXL). The fund also joins the company’s line of 2x daily leveraged ETFs, which are structured to provide investors with short-term and amplified exposure to high-growth themes already offered by ETFMG.
“Investor interest in the cannabis sector has continued to increase as the industry has grown thanks to strong fundamentals and the growing prospect of legislative reform. While most investors are primarily focused on capturing the long-term potential of the cannabis industry, many are looking for a short-term trading vehicle to help hedge, from time to time, the downside volatility that can occur. support investment in an emerging sector. . As the cannabis industry continues to grow and diversify, so should its investment options. It is a privilege to be able to offer cannabis investors a full range of investment options, including the ability to gain long or short exposure to the sector, ”said Jason Wilson, banking and research expert at cannabis at ETFMG.
Kris Manaco, Managing Partner and Co-Founder of Prime Indexes, said: “We are proud to extend our relationship with ETFMG by launching another essential investment product for the cannabis industry. ETFMG’s new fund strengthens the Prime Alternative Harvest Index as a key benchmark for investors in a sector that is still in its infancy.
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ETFMG is a provider of exchange-traded funds (ETF), founded in 2014 with a vision of developing innovative thematic ETFs that provide investors with unique exposure to new markets. Today the ETFMG The range of funds provides access to a diverse collection of global themes and is made up of 75% leading products. We transform portfolio management strategies into successful ETFs by partnering with market segment experts to provide long-term growth opportunities for investors. ETFMG funds are proof of the power of AND F wrapper and that thematic products can have their place in investors’ portfolios. To learn more about ETFMG and our portfolio of exchange traded funds, please visit www.etfmg.com.
Carefully consider the investment objectives, risk factors, fees and expenses of the Fund before investing. This and other information can be found in the Fund’s statutory and summary prospectus, which can be obtained by calling 1-844-383-6477, or by visiting www.etfmg.com/MJIN. Read the prospectus carefully before investing.
Investing involves risks, including the possible loss of capital. Actions of everything AND F are bought and sold at market price (not NAV), can be traded at a discount or a premium for NAV and are not individually redeemed from the Fund. Brokerage commissions will reduce returns. Closely targeted investments tend to exhibit higher volatility. Possession and use of marijuana, even for medical purposes, is illegal under federal and some state laws, which can negatively impact the value of the Fund’s investments. The use of marijuana is regulated by both the federal and state governments, and federal and state laws regarding marijuana are often in conflict. Even in states where the use of marijuana has been legalized, its possession and use remains a violation of federal law. Federal law criminalizing the use of marijuana prevails over state laws that legalize its use for medicinal and recreational purposes. Cannabis companies and pharmaceutical companies may never be able to legally produce and sell products in the United States or other national or local jurisdictions.
Invest in a ETFMG 2x daily and reverse leveraged AND F may be more volatile than investing in broadly diversified funds. The use of leverage by a AND F increases the risk for the AND F. The ETFMG Daily Leverage and 2x Reverse ETFs are not suitable for all investors and should only be used by sophisticated investors who understand the risk of leverage, the consequences of seeking out leveraged investment results. daily leverage or daily reverse leverage and intend to actively monitor and manage their investment as often as possible. Daily.
The use of derivatives such as swaps is subject to additional risks which may lead to price fluctuations over time and include the effects of composition, market volatility, leverage risk, risk associated with trading techniques. aggressive investment, counterparty risk and intraday investment risk. Please consult the summary and the full prospectus for a more complete description of these and other risks associated with investing in the Fund.
The Fund’s investments will be concentrated in one industry or a group of industries to the extent that the Index is so concentrated. In such a case, the value of the shares of the Fund may rise and fall more than the value of the shares of a fund that invests in securities of companies from a wider range of industries. The consumer staples industry may be affected by the authorization to use various components of products and production methods, marketing campaigns and other factors affecting consumer demand. Tobacco companies, in particular, can be affected by new laws, regulations and litigation. The consumer staples sector may also be affected by changes or trends in commodity prices, which may be influenced or characterized by unpredictable factors.
The Fund is intended to be made available only to residents of the United States. Under no circumstances is the information provided on this website intended for distribution or use by, or to be an offer to sell or a solicitation of an offer to buy the Fund or any investment product or service of , any person or entity in a jurisdiction or country, other than the United States, where any such distribution, use, offer or solicitation would subject the Fund or its affiliates to any registration requirement or be illegal under laws on securities of that jurisdiction or country.
The Fund is distributed by ETFMG Financial SARL. AND F Group of managers SARL and ETFMG Financial SARL are wholly owned subsidiaries of Exchange Traded Managers Group SARL (collectively, “ETFMG“). ETFMG is not affiliated with Prime Indexes.
The Fund is intended to be made available only to residents of the United States. Under no circumstances is the information provided on this website intended for distribution or use by, or to be an offer to sell or a solicitation of an offer to buy the Fund or any investment product or service of , any person or entity in a jurisdiction or country, other than the United States, where any such distribution, use, offer or solicitation would subject the Fund or its affiliates to a registration requirement or be illegal under the laws of securities of that jurisdiction or country.
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