HMMJ adds 10 new stocks as part of this latest quarterly
rebalancing
TORONTO, March 19, 2018 /CNW/ - Horizons ETFs Management
(Canada) Inc. ("Horizons
ETFs") completed the quarterly rebalance of the constituent
holdings of the Horizons Marijuana Life Sciences Index ETF
("HMMJ") on March 16, 2018. As
a result, 10 new companies have been added to HMMJ's
portfolio.
HMMJ was the first and is the world's largest ETF offering
direct exposure to North American-listed securities that are
involved with marijuana bioengineering and production.
The HMMJ portfolio recently expanded to include the following
constituents:
Constituent
Name
|
Ticker
|
Exchange
|
Abattis Bioceuticals
Corp.
|
ATT
|
Canadian Securities
Exchange
|
Beleave
Inc.
|
BE
|
Canadian Securities
Exchange
|
HIKU Brands Co.
Ltd.
|
HIKU
|
Canadian Securities
Exchange
|
Isodiol International
Inc.
|
ISOL
|
Canadian Securities
Exchange
|
National Access
Cannabis Corp.
|
NAC
|
TSX Venture
Exchange
|
Neptune Technologies
and Bioressources
Inc.
|
NEPT
|
TSX
Exchange
|
Nuuvera
Inc.
|
NUU
|
TSX Venture
Exchange
|
Tetra Bio-Pharma
Inc.
|
TBP
|
Canadian Securities
Exchange
|
Terrascend
Corp.
|
TER
|
Canadian Securities
Exchange
|
THC Biomed
International Ltd.
|
THC
|
Canadian Securities
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 (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.
"One of the key benefits of HMMJ is its diversification –
providing access to a broad cross-section of stocks involved in the
marijuana sector. It's exciting to see an increase in the number of
investable companies that qualify to be included in HMMJ's
portfolio," said Steve Hawkins,
President and Co-CEO of Horizons ETFs. "As we move closer to the
Canadian government legalizing the recreational use of marijuana,
we continue to watch the Cannabis sector rapidly grow in size and
breadth."
Rebalancing of the Index, and consequently HMMJ, occurs each
calendar quarter. At that point, all stocks eligible for inclusion
in the Index are weighted by their respective market
capitalization. However, no single stock can exceed 10% of the
weight of the Index at the rebalance date. The holdings of
HMMJ and its current portfolio weights are regularly updated on our
website at www.HorizonsETFs.com/HMMJ.
It is important to note that HMMJ may not hold all of the
constituent names in the Index. HMMJ's manager, through the use of
a stratified sampling strategy, may invest in securities that
closely match the investment characteristics of the Index, and are
consistent with HMMJ's investment objective and strategy.
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 82 ETFs listed on major Canadian stock
exchanges. Horizons ETFs Management (Canada) Inc. is a member of the Mirae Asset
Global Investments Group.
About Solactive
(www.solactive.com)
Solactive AG is an
innovative index provider that focuses on the development,
calculation and distribution of tailor-made indices over all asset
classes. The company was established in 2007 and is headquartered
in Frankfurt, Germany. Over 350
international clients, including major investment banks, ETF
providers and asset managers have embraced Solactive's mutually
attractive investment ideas. As at March
2018, more than 350 ETFs are linked to Solactive's indices
and over USD $100 billion is invested
in products linked to indices calculated by Solactive.
Horizons ETFs is a member of Mirae Asset Global Investments.
Commissions, management fees, expenses and applicable sales taxes
all may be associated with an investment in the Horizons Marijuana
Life Sciences Index ETF managed by Horizons ETFs Management
(Canada) Inc. (the "ETF"). The ETF
is not guaranteed, its value changes frequently and past
performance may not be repeated. The Prospectus contains important
detailed information about the ETF. Please read the
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.