| Capital Markets Industry | Financials Sector | - CEO | XMIL Exchange | IT0005495871 ISIN |
| US Country | - Employees | 23 Sep 2024 Last Dividend | - Last Split | - IPO Date |
The described fund operates as an actively managed exchange-traded fund (ETF) focusing on the rapidly growing marijuana and hemp sector. Its core investment strategy involves allocating at least 80% of its net assets, along with any borrowing executed for investment purposes, into securities affiliated with companies whose net revenue primarily stems from the marijuana and hemp industry. This includes direct investments in such companies as well as derivatives or other financial instruments that mirror the economic behavior of these securities. The aim is to provide investors with substantial returns tied to the burgeoning marijuana and hemp markets. Notably, the fund positions itself as non-diversified, implying a concentrated investment approach in this sector.
Primarily, the fund invests in a portfolio of securities from companies generating over half of their revenue from the marijuana and hemp industries. This includes a broad spectrum of businesses involved in the cultivation, production, marketing, and distribution of marijuana and hemp products. The focus is to leverage the high-growth potential of these sectors by capitalizing on companies at the forefront of innovation and market expansion.
Besides direct investments in marijuana and hemp company securities, the fund also engages in trading derivatives and other financial instruments designed to replicate the economic outcomes of investing in this sector. This can include futures, options, swaps, and other derivative products tied to the performance of companies in the marijuana and hemp industries, offering another layer of investment diversity and opportunity for risk management.