Image

ETP News: US provider seeks to light up portfolios with new marijuana-based tracker

SRP News, 15 March 2017

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.

The full story is only available to registered users and subscribers.

Sign Up now for access to our news and data.

Sign Up