AdvisorShares Launches Pure US Cannabis ETF (Ticker: MSOS)
Becomes initial cannabis ETF to concentrate totally on U.S. organizations, such as multi-state operators
BETHESDA, Md., Sept. 1, 2020 /PRNewswire/ — AdvisorShares, a major sponsor of actively managed exchange-traded funds (ETFs), currently announced that the AdvisorShares Pure US Cannabis ETF (Ticker: MSOS) will commence trading on Wednesday, September two, 2020. MSOS becomes the initial U.S.-listed active ETF to provide exposure devoted solely to American cannabis organizations, such as multi-state operators (MSOs). MSOs are U.S. organizations straight involved in the legal production and distribution of cannabis in states exactly where authorized.
MSOS becomes AdvisorShares second devoted cannabis investment tactic alongside the AdvisorShares Pure Cannabis ETF (Ticker: YOLO). When YOLO launched on April 18, 2019, it became the initial 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 retain 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 tactic makes it possible for this active ETF to allocate its underlying portfolio amongst multi-state operator (MSO) organizations as nicely as other U.S.-primarily based cannabis-focused locations 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 nicely-established experience of investing in cannabis and other extremely regulated locations of the marketplace.
We are pleased to provide MSOS in addition to YOLO which we think responds additional to meeting investors’ demands for additional U.S. cannabis investment exposure. We think that the U.S. clearly represents the most eye-catching 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 present an overview of their cannabis investment approaches, detailed discussions about MSOS, and function more market guests. The following dates involve registration hyperlinks to attend every session.
AdvisorShares is a major provider of actively managed ETFs. For economic pros and investors requesting additional details, get in touch with 1-877-843-3831 or check out www.advisorshares.com. Stick to @AdvisorShares on Twitter and Facebook for additional insights.
Original press release