AdvisorShares’ U.S. cannabis ETF launches nowadays

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AdvisorShares Pure US Cannabis ETF, which claims to be the 1st U.S.-listed active ETF to concentrate solely on American cannabis businesses, begins trading nowadays.

It is the firm’s second devoted cannabis investment technique immediately after AdvisorShares Pure Cannabis ETF (NYSEARCA:YOLO), which launched on April 18, 2019.

The new ETF trades below the symbol “MSOS” and will consist of multi-state operators in its holdings MSOs are U.S. businesses straight involved in the legal production and distribution of cannabis in states exactly where authorized.

“We think that the U.S. clearly represents the most eye-catching chance for cannabis investment and remains an exponentially bigger market place than the Canadian cannabis market place,” mentioned MSOS portfolio manager Dan Ahren, AdvisorShares chief operating officer.

MSOS seeks lengthy-term capital appreciation by investing totally in legal, domestic cannabis equity securities, the firm mentioned.

The ETF’s annual operating costs immediately after charge waiver/expense reimbursement is .74%, according to MSOS’s prospectus.

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