ETP News: US provider seeks to light up portfolios with new marijuana-based tracker
ETF Managers Trust filed a prospectus in mid-February for a marijuana-based ETF with the US Securities & Exchange Commission (SEC) referring to the fund as Emerging Agrosphere ETF. The fund tracks the performance of the Emerging Agrosphere Index, a gauge created by BE Asset Management that comprises the exchange-listed common stock (or corresponding American Depositary or Global Depositary Receipts) of companies across the world that engage in lawful medical research intended to lead to the production of government-approved prescription drugs using natural or synthetic versions of the cannabidiol CBD and other cannabis-based extracts, are involved in the production or sale of products which are legal derivatives of industrial hemp, or are involved in the supply chain of either category of company.
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