TORONTO, Dec. 27, 2018 /CNW/ - Horizons ETFs
Management (Canada) Inc.
("Horizons ETFs") has completed the quarterly rebalance of
the constituent holdings of the Horizons Marijuana Life Sciences
Index ETF ("HMMJ:TSX") and the Horizons Emerging Marijuana
Growers Index ETF ("HMJR:NEO").
HMMJ Rebalance
HMMJ is the world's first ETF offering direct exposure to North
American-listed securities that are involved with marijuana
bioengineering and production. Once again, the ETF has added
additional companies to its portfolio as more firms have become
eligible for inclusion in its underlying index – the North American
Marijuana Index.
The HMMJ portfolio recently expanded to include the following
constituents:
Name
|
Ticker
|
Exchange
|
Khiron Life Sciences
Corp.
|
KHRN
|
TSX Venture
Exchange
|
MediPharm Labs
Corp.
|
LABS
|
TSX Venture
Exchange
|
Auxly Cannabis
Group
|
XLY
|
TSX Venture
Exchange
|
HMMJ is an index (or passively managed) ETF, which seeks to
replicate, to the extent possible, the performance of the North
American Marijuana Index, net of expenses. This 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 North American
Marijuana 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.
"This has been a difficult quarter for the Marijuana sector,
and the slowdown in growth contributed to fewer names being added
to HMMJ's portfolio" said Steve
Hawkins, President and CEO of Horizons ETFs. "Long-term,
we believe there are still quite a few drivers of growth for the
sector, including the growth of global medical marijuana
opportunity and continued liberalization of marijuana laws in the
U.S. Both of these factors could help drive Marijuana stocks
further in 2019".
Rebalancing of the North American Marijuana Index, and
consequently HMMJ, occurs each calendar quarter. At that point, all
stocks eligible for inclusion are weighted by their respective
market capitalization. However, no single stock can exceed a 10%
weight of the North American Marijuana Index at the rebalance date.
The holdings of HMMJ and its current portfolio weights are
regularly updated and available at www.HorizonsETFs.com/HMMJ.
HMJR Rebalance
Horizons ETFs also completed the rebalance of the portfolio of
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
involved in the cultivation, production and/or distribution of
marijuana.
In addition to tracking a separate index, HMJR has four key
differences compared to HMMJ. HMJR invests in smaller
market-capitalization companies than HMMJ, its portfolio is 100%
invested in marijuana producers and distributors, and it can have
exposure to companies outside of North
America. In addition, HMMJ is listed on the Toronto Stock
Exchange, while HMJR is listed on the NEO Exchange.
The HMJR portfolio recently expanded to include the following
constituents:
Name
|
Ticker
|
Exchange
|
FSD Pharma
Inc.
|
HUGE
|
Canadian Securities
Exchange
|
Harvest Health &
Recreation
|
HARV
|
Canadian Securities
Exchange
|
Emerald Health
Therapeutics
|
EMH
|
TSX Venture
Exchange
|
Neptune Wellness
Solutions
|
NEPT
|
Toronto Stock
Exchange
|
Elixinol Global
Ltd.
|
EXL
|
Australian Stock
Exchange
|
Trulieve Cannabis
Corp.
|
TRUL
|
Canadian Securities
Exchange
|
Eve & Co.
Inc.
|
EVE
|
TSX Venture
Exchange
|
Rubicon Organics
Inc.
|
ROMJ
|
Canadian Securities
Exchange
|
Heritage Cannabis
Holdings Corp.
|
CANN
|
Canadian Securities
Exchange
|
Biome Grow
Inc.
|
BIO
|
Canadian Securities
Exchange
|
GTEC Holdings
Ltd.
|
GTEC
|
TSX Venture
Exchange
|
The holdings of HMJR and its current portfolio weights are
regularly updated and available at www.HorizonsETFs.com/HMJR. It is
important to note that both HMMJ and HMJR may not hold all of the
constituent names in their respective indices. The manager of the
ETFs, through the use of a stratified sampling strategy, may invest
in securities that closely match the investment characteristics of
the ETFs' respective indices, provided they are consistent with the
ETFs' investment objectives and strategies.
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 family 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 has more than $9.5 billion of
assets under management and 85 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.
SOURCE Horizons ETFs Management (Canada) Inc.