AdvisorShares Launches Pure US Cannabis ETF (Ticker: MSOS)
Becomes very first cannabis ETF to concentrate totally on U.S. corporations, which includes multi-state operators
BETHESDA, Md., Sept. 1, 2020 /PRNewswire/ — AdvisorShares, a major sponsor of actively managed exchange-traded funds (ETFs), these days announced that the AdvisorShares Pure US Cannabis ETF (Ticker: MSOS) will commence trading on Wednesday, September two, 2020. MSOS becomes the very first U.S.-listed active ETF to provide exposure devoted solely to American cannabis corporations, which includes multi-state operators (MSOs). MSOs are U.S. corporations straight involved in the legal production and distribution of cannabis in states exactly where authorized.
MSOS becomes AdvisorShares second devoted cannabis investment approach alongside the AdvisorShares Pure Cannabis ETF (Ticker: YOLO). When YOLO launched on April 18, 2019, it became the very first U.S.-listed active ETF devoted to cannabis exposure – investing in each domestic and foreign cannabis equity securities. MSOS joins YOLO as the only U.S.-listed cannabis ETFs that preserve an established, Federal bank as fund custodian.
MSOS seeks lengthy-term capital appreciation by investing totally in legal, domestic cannabis equity securities. MSOS’ domestic equity approach enables this active ETF to allocate its underlying portfolio amongst multi-state operator (MSO) corporations as properly as other U.S.-primarily based cannabis-focused regions such a REITs, cannabidiol (CBD), pharmaceutical and hydroponics.
The portfolio manager of MSOS is Dan Ahrens, AdvisorShares chief operating officer, who also serves as portfolio manager of YOLO and the AdvisorShares Vice ETF (Ticker: ACT). Ahrens carries a properly-established experience of investing in cannabis and other very regulated regions of the marketplace.
We are pleased to give MSOS in addition to YOLO which we think responds additional to meeting investors’ demands for far more U.S. cannabis investment exposure. We think that the U.S. clearly represents the most appealing chance for cannabis investment and remains an exponentially bigger marketplace than the Canadian cannabis marketplace. We really feel strongly that our active portfolio management serves as the most advantageous way to invest in the emerging cannabis space.
Dan Ahrens, AdvisorShares chief operating officer,
AdvisorShares will host a series of investor webinars this week which will give an overview of their cannabis investment techniques, detailed discussions about MSOS, and function further business guests. The following dates involve registration hyperlinks to attend every session.
AdvisorShares is a major provider of actively managed ETFs. For monetary pros and investors requesting far more facts, contact 1-877-843-3831 or pay a visit to www.advisorshares.com. Comply with @AdvisorShares on Twitter and Facebook for far more insights.
Original press release