MJJ – Purpose Marijuana Opportunities Fund ETF
Coming aboard in February 2018, MJJ (not to be confused with MJ) goal is to provide unitholders with attractive long-term capital appreciation by investing in global issuers with interest in the marijuana or marijuana related industries.
They define the purpose of investing in this ETF as:
1. Diversify my core equity portfolio and gain exposure to high-growth-potential marijuana stocks
2. Manage risk with an active strategy designed to react quickly to the ever-evolving cannabis industry
Perfectly embodying the investor or potential investors reasoning for investing in an ETF. This is defined as an actively managed portfolio focused on growth and valuation factors, with an ability to sell short, based on managers view on the market. It’s pretty small relative to its peers, managing assets of about $23 million.
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