About:
BETAPRO MARIJUANA COMPANIES INVERSE ETF (TSX: HMJI)
Horizon’s description of the fund:
“HMJI is designed to provide daily investment results, before fees, expenses, distributions, brokerage commissions, and other transaction costs, that endeavor to correspond to the single inverse (opposite) of the daily performance of the North American MOC Marijuana Index (TR). The Inverse ETF does not seek to achieve its stated investment objective over a period of time greater than one day.”
BETAPRO MARIJUANA COMPANIES 2X DAILY BULL ETF (TSX: HMJU)
Horizon’s description of the fund:
“HMJU is designed to provide daily investment results, before fees, expenses, distributions, brokerage commissions, and other transaction costs, that endeavor to correspond to a two times multiple of the daily performance of the North American MOC Marijuana Index (NTR). HMJU does not seek to achieve its stated investment objective over a period of time greater than one day.”
What is an ETF?
For those of you that do not know and ETF stands for “Excellent Technical Foundations” something that we hope you have by now if you have been following us for a while or are currently in pursuit of. OK, OK, ETF does not stand for “Excellent Technical Foundations”, but it sounds pretty good, and we do want you to feel comfortable with your technical abilities. ETF actually stands for “Exchange Traded Fund”. Essentially an ETF is a basket of securities such as stocks that tend to track a particular index. Perhaps the most common know WTF you have heard of is the SPY, which corresponds to the S&P 500 Index. In our case, we are referring to two different ETFs that track the North American MOC Marijuana Index. Don’t let the fancy name of an ETF confuse you. It’s rather simple. In our case, It’s basically a basket of stocks that trade all under one symbol. You can buy and sell this as simple as buying and selling the stock of Canopy Growth or Tilray for example. In fact, if you like this particular fund this simplifies the process for you as you would only need to buy and sell one fund as opposed to managing each individual stock that makes up the fund and in turn saving you time and commission fees.
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