HMMJ remains the world's largest Marijuana ETF
TORONTO, April 9, 2018 /CNW/ - Horizons ETFs Management
(Canada) Inc. ("Horizons
ETFs") is proud to announce that the Horizons Marijuana Life
Sciences Index ETF ("HMMJ") has reached its one-year
anniversary. HMMJ generated a one-year return for the period ending
April 4, 2018, of 58.6% – making it
the best-performing Canadian-listed ETF during this
timeframe.
Since its inception on April 4,
2017, HMMJ – the world's first and largest Marijuana ETF –
has brought in significant assets under management ("AUM").
Its AUM peaked at approximately $863
million on January 23, 2018
before market pull-backs. Its AUM now stands at over $622 million (as at April
6, 2018).
HMMJ is an index (or passively managed) ETF, which seeks to
replicate, to the extent possible, the performance of the North
American Marijuana Index (the "Index"), net of expenses. The
Index is designed to provide exposure to the performance of a
basket of North American publicly listed life sciences companies
with significant business activities in the marijuana industry. The
Index selects from a current universe of companies that have
operations that may include one or more of biopharmaceuticals,
medical manufacturing, distribution, bio-products and other
ancillary businesses related to the marijuana industry. Stocks
within the Index generally must have a market capitalization
greater than $75 million for initial
inclusion.
The Cannabis sector in Canada
continues to rapidly grow. When HMMJ launched last spring, there
were less than 45 companies with Access to Cannabis for Medical
Purposes Regulations ("ACMPR") licenses in Canada. As at March 31,
2018, almost 100 companies had such licenses – more than
double the previous year. By 2021, it is anticipated that the North
American marijuana market will grow to a value of USD $24.5 billion1 in sales.
"HMMJ was launched at a time when there was a lot of
skepticism about the viability of the Marijuana industry as a
long-term investment. The growth in both the size of the marijuana
industry and price performance of these stocks over the last year
is a testament to the legitimacy of this sector," said
Steve Hawkins, President and Co-CEO
of Horizons ETFs.
In addition, Horizons ETFs was recently awarded for its efforts
in marketing HMMJ – receiving a Gramercy Financial Marketing
Strategy Award for 'Best Strategy: Domestic & Single Country'
for the 'World's First Marijuana ETF' – under the
'Business-to-Consumer' category. Based in New York, the Gramercy Institute is a global
network of senior marketers from the world's leading financial
institutions.
"It has also been incredibly exciting and rewarding to watch
HMMJ receive accolades like the Gramercy Award, which speaks to the
success of the ETF's launch," added Mr. Hawkins.
1
Source: Arcview Market Research, a leading publisher of cannabis
market research, 2017.
|
This past February, Horizons ETFs expanded its line-up of
marijuana ETFs to include the Horizons Emerging Marijuana Growers
Index ETF ("HMJR"). Units of the ETF trade on the Aequitas
NEO Exchange ("NEO Exchange") under the ticker symbol
HMJR.
HMJR seeks to replicate, to the extent possible, the performance
of the Emerging Marijuana Growers Index, net of expenses. The
Emerging Marijuana Growers Index is designed to provide exposure to
the performance of a basket of primarily North American
publicly-listed, small-capitalization companies, primarily focused
on the cultivation, production and/or distribution of marijuana.
Stocks within the Index generally must have a market capitalization
greater than $50 million but less
than $500 million for initial
inclusion.
The holdings of HMMJ and its current portfolio weights are
regularly updated on our website at www.HorizonsETFs.com/HMMJ.
Annualized Performance1
ETF
|
1 Month
|
3 Months
|
6 Months
|
YTD
|
1 Year
|
Since
Inception2
|
Horizons Marijuana
Life Sciences Index ETF (HMMJ)
|
-16.87%
|
-27.49%
|
55.29%
|
-18.58%
|
58.61%
|
58.61%
|
1
As at April 4, 2018.
2 Since inception on April 4, 2017.
|
|
The indicated
rates of return are the historical annual compounded total returns
including changes in per unit value and reinvestment of all
dividends or distributions and do not take into account sales,
redemption, distribution or optional charges or income taxes
payable by any securityholder that would have reduced returns. The
rates of return shown in the table are not intended to reflect
future values of the ETF or returns on investment in the
ETF.
|
About Horizons ETFs Management (Canada) Inc.
(www.HorizonsETFs.com)
Horizons ETFs Management (Canada) Inc. is an innovative financial
services company and offers one of the largest suites of exchange
traded funds in Canada. The
Horizons ETFs product suite includes a broadly diversified range of
solutions for investors of all experience levels to meet their
investment objectives in a variety of market conditions. Horizons
ETFs currently has approximately $10
billion of assets under management and 81 ETFs listed on
major Canadian stock exchanges. Horizons ETFs Management
(Canada) Inc. is a member of the
Mirae Asset Global Investments Group.
Horizons ETFs is a Member of Mirae Asset Global Investments.
Commissions, management fees and expenses all may be associated
with an investment in exchange traded products managed by Horizons
ETFs Management (Canada) Inc. (the
"Horizons Exchange Traded Products"). The Horizons Exchange Traded
Products are not guaranteed, their values change frequently and
past performance may not be repeated. The prospectus contains
important detailed information about the Horizons Exchange Traded
Products. Please read the relevant prospectus before
investing.
HMMJ is not sponsored, promoted, sold or supported in any
other manner by Solactive AG nor does Solactive AG offer any
express or implicit guarantee or assurance either with regard to
the results of using the Index and/or Index trade name or the Index
Price at any time or in any other respect. The Index is calculated
and published by Solactive AG. Solactive AG uses its best efforts
to ensure that the Index is calculated correctly. Irrespective of
its obligations towards the Issuer, Solactive AG has no obligation
to point out errors in the Index to third parties including but not
limited to investors and/or financial intermediaries of the
financial instrument. Neither publication of the Index by Solactive
AG nor the licensing of the Index or Index trade name for the
purpose of use in connection with the financial instrument
constitutes a recommendation by Solactive AG to invest capital in
HMMJ nor does it in any way represent an assurance or opinion of
Solactive AG with regard to any investment in HMMJ.
SOURCE Horizons ETFs Management (Canada) Inc.