Cannabis, metals, space and health care led ETF gains last week. WEED, CNBS, SIL, UFO, GDXJ, PLTM and OZEM outperformed despite tech weakness.
Cannabis stocks soared on Friday following news that U.S. president Donald Trump is expected to sign an executive order as soon as Monday that would ultimately ease federal restrictions on marijuana. The order would essentially reclassify marijuana from a Schedule I substance to Schedule III under the federal Controlled Substances Act.
July 2025 proved to be a compelling month for ETF investors, marked by a return to risk-on sentiment in some areas of the market, even as broader economic signals remained mixed. U.S. stocks saw a strong 2.2% rally, offsetting a decline in international markets.
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The fund is designed to provide investors with targeted exposure to the rapidly expanding cannabis and hemp industry. It aims to achieve this by allocating at least 80% of its net assets to companies and derivatives that are significantly involved in the cannabis and hemp ecosystem. The focus is on entities that generate more than half of their revenue from this sector. Being an actively managed Exchange-Traded Fund (ETF), it seeks to offer investment opportunities within global markets, specifically targeting companies that are primary participants in the burgeoning cannabis and hemp landscape. These companies fall into one of three distinct classifications, geared towards capturing the essence of the industry's ecosystem. The fund takes a concentrated approach to investment, meaning it is non-diversified, enabling it to focus its resources on a select group of assets that it identifies as having strong potential.
The fund's product offerings and services are structured to capture the diverse opportunities within the cannabis and hemp sector, leveraging its unique ecosystem through a focused investment strategy. This includes: