On Dec 11, REX Shares introduced the buying and selling of two marijuana-focused merchandise, one a
On Dec 11, REX Shares introduced the buying and selling of two marijuana-focused merchandise, one amongst which is the primary leveraged hashish exchange-traded product in the US. The 2 merchandise are MicroSectors Hashish Index ETN MJJ, a 1x model of the Trade Traded Notes linked to the Indxx MicroSectors North American Hashish Index and The MicroSectors Hashish 2x Leveraged ETN MJO, which can look to offer 2x leveraged publicity to the index.
Contained in the Merchandise
The ETNs are senior, unsecured obligations issued by the Bank of Montreal. MJO expenses 95 bps in charges and MJJ expenses 70 bps. The index is closely weighted on AbbVie (9.9%), Agilent Applied sciences (9.9%), Mettler-Toledo Worldwide (9.9%), Thermo Fisher Scientific (9.9%), Waters Company (9.9%) and Cover Development (7.1%).
In whole, there are 23 constituents. “The ETNs’ benchmark tracks U.S. and Canadian shares chosen throughout 5 subthemes: cultivation, pharmaceuticals, testing and analytics, industrial hemp and ancillary products,” per etf.com.Notably, the investor is topic to the credit risk of the issuer in case of Rex…