what to you mean? an etf on a US exchange? or with only US based companies?
https://www.etfmj.com/fund/
MJ (listed on a US exchange)
top 10 holdings;
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https://www.etfmj.com/fund/
MJ (listed on a US exchange)
top 10 holdings;
| Name | % Total Net Assets | Ticker | Shares Held | Market Value USD |
|---|---|---|---|---|
| GW Pharmaceuticals PLC | 10.24% | GWPH | 684,672 | $125130654.72 |
| Aurora Cannabis Inc | 9.43% | ACB | 13,789,737 | $115144303.95 |
| Canopy Growth Corp | 7.65% | CGC | 1,994,522 | $93483246.14 |
| Cronos Group Inc | 5.73% | CRON | 4,964,229 | $69945986.61 |
| HEXO Corp | 5.19% | HEXO | 8,606,886 | $63432749.82 |
| Tilray Inc | 4.61% | TLRY | 1,213,816 | $56321062.40 |
| Green Organic Dutchman Holdings Ltd/The | 4.48% | TGOD CN | 18,216,163 | $54671494.33 |
| Corbus Pharmaceuticals Holdings Inc | 3.67% | CRBP | 6,461,685 | $44844093.90 |
| Organigram Holdings Inc | 3.47% | OGI CN | 6,304,573 | $42339603.24 |
| Aphria Inc | 3.08% | APHA | 5,589,231 | $37671416.94 |
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I'm already in the MJ ETF.....do you have any thoughts on YOLO? I was thinking of maybe purchasing some.
Here is one article I found on YOLO..............coy n paste
There’s a hot new ETF that could help you play the cannabis space 3:49 PM ET Mon, 22 April 2019 | 03:40 You only live once, but when it comes to cannabis, your investing options are seemingly endless. Case in point: Last week saw the debut of a new marijuana-themed exchange-traded fund called the AdvisorShares Pure Cannabis ETF, an actively managed fund with nearly $2.5 million assets under management. Trading under the ticker YOLO, the ETF is backed by BNY Mellon and holds shares of Canadian growers like Aurora Cannabis and Canopy Growth.
A few things about this particular fund set it apart from its 3-year-old counterpart, the ETFMG Alternative Harvest ETF, ticker MJ. First, it’s actively managed, which means that it aims to outperform the broader cannabis space with the help of a professional money manager. Second, it’s bank-backed, which lends credibility.
“The previous fund here, MJ, had to kind of do a bit of an end-around” with its backers, ETF.com Managing Director Dave Nadig told CNBC’s “ETF Edge” on Monday. “They sort of turned a Latin American real estate fund into a marijuana fund. … They had to go get Wedbush, a broker-dealer, to hold the assets. And that’s fine, but the difference is it’s not a bank. It’s not regulated like a bank, and a lot of institutional investors really care about these things.”
AdvisorShares got around those hurdles by putting together a preapproved list of holdings with BNY Mellon, Nadig said.
“Because it’s actively managed, obviously they need to know what’s OK and what’s not OK” to trade, he said. “So they’re working through their ‘OK’ list, and they’ve put together a portfolio which, when you look at it, looks like a pretty darn good pure-play cannabis ETF.”
Another important distinction is YOLO’s list of holdings, which includes 20 stocks involved either directly or tangentially in the marijuana trade. Nadig pointed out just how “pure” that looks in comparison to MJ, which invests in companies like gardening product maker Scotts Miracle-Gro and tobacco giant Philip Morris in the hopes they’ll get into the space.
“The new fund, YOLO, is really a pure play,” he said. “This is a case where active management may make sense. This is a fast-moving space. … Being able to move around the edges of the industry, I think, is going to be really important for success.”
Reggie Brown, senior managing director of Cantor Fitzgerald’s ETF Group, said the real success of these investments will come down to the politics of pot.
“With cannabis, it really comes down to regulatory outcomes,” Brown said in the same “ETF Edge” interview. “It depends on how the regulatory bodies look at it, and then how the banks can adopt to be custodians broadly. So, it seems like there’s a lot of demand in cannabis. It’s an emerging new area of commerce, and so I can only see the ETFs be covered by that.”
AdvisorShares’ Pure Cannabis ETF is up nearly 3% this week. The ETFMG Alternative Harvest ETF is up more than 4% this week, and over 41% year to date.
TNVOLFAN, definitely sounds more ideal for someone looking for a more pure Cannabis play. Being actively managed may or may not be a good thing- as it depends on the skill of the management team. But this field is in its infancy, so i'd lean a good thing to have it actively managed. Its MER is only .74%, keep in mind MJ's is .75% , so a wash. Not like your paying 'extra' for them to manage it. YOLO's top holding at 8.54% is OGI, hmm with Canopy Growth at 10th at 4.95%. Interesting...I dont follow individual stocks AT ALL from a fundamental standpoint so woundt dare to make a suggestion to the OP
Thanks for the reply Ricboff....not sure yet but I may start a position this week in YOLO. With so many options in the cannabis field I just felt for me a ETF would be the way to go as I feel with so many choices a lot more of them will be losers rather than winners.
The Cannabis sector hsa been so battered its borderline unrecognizable ............with that said
MJ
2 year WEEKLY
hammer pattern formed on the weekly a bounce carries high probability . Keep in mind its in a powerful downleg, a break though the diagonal on this downleg would be bullish
3 month daily
piercing candle, bullish (all to see at 3:45pm friday). This SAME candle presentation occurred in June as we see above, taking it on a short up leg. Again, MJ is DOWN TRENDING, the downtrend is not broken , but this presentation carries high probability of a bounce. CANNOT form a lower low from Thrusday candle, if want to be tighter than Friday's low, but most certainly Thursday's
what happened Friday?
one of the gorillas in the sector reported earnings , it was a Grand Slam. APHA became the first major Cannabis company to report a profit. Canopy Growth reports Aug 14-- it will likely have a significant effect on the sector
APHA
6 month daily
up 40% , lol. THink the chaps that bought just before Thursday's close (before earnings ) are having a nice weekend? ...........
MJ
2 year WEEKLY
hammer pattern formed on the weekly a bounce carries high probability . Keep in mind its in a powerful downleg, a break though the diagonal on this downleg would be bullish
3 month daily
piercing candle, bullish (all to see at 3:45pm friday). This SAME candle presentation occurred in June as we see above, taking it on a short up leg. Again, MJ is DOWN TRENDING, the downtrend is not broken , but this presentation carries high probability of a bounce. CANNOT form a lower low from Thrusday candle, if want to be tighter than Friday's low, but most certainly Thursday's
what happened Friday?
one of the gorillas in the sector reported earnings , it was a Grand Slam. APHA became the first major Cannabis company to report a profit. Canopy Growth reports Aug 14-- it will likely have a significant effect on the sector
APHA
6 month daily
up 40% , lol. THink the chaps that bought just before Thursday's close (before earnings ) are having a nice weekend? ...........
