PURPOSE MARIJUANA OPPORTUNITIES FUNDPURPOSE MARIJUANA OPPORTUNITIES FUNDPURPOSE MARIJUANA OPPORTUNITIES FUND

PURPOSE MARIJUANA OPPORTUNITIES FUND

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Key stats


Assets under management (AUM)
‪1.28 M‬CAD
Fund flows (1Y)
‪−1.42 M‬CAD
Dividend yield (indicated)
Discount/Premium to NAV
5.3%

About PURPOSE MARIJUANA OPPORTUNITIES FUND


Issuer
Purpose Unlimited
Brand
Purpose
Expense ratio
2.13%
Inception date
Feb 1, 2018
Index tracked
No Underlying Index
Management style
Active
The fund is the first Canadian-listed actively managed ETF to provide exposure to the global cannabis industry. The fund invests in companies engaged in legal activities involving the cultivation, extraction, retail, and financing of cannabis. The selection process focuses on countries with positive regulatory environments and companies with positive growth and valuation metrics. The portfolio managers use a variety of tools and ratings sources to select individual securities. Most holdings are expected to be mid- and small-cap companies, but may include IPOs or private companies also. Stocks selected are from areas such as REITs, health care, hemp products, biopharmaceuticals, consumption devices and security solutions. The fund may use total return swap contracts and enter into short positions should the fund managers perceive such positions are favorable. In addition to investment risks, investors need to be aware of the ongoing regulatory risks in the industry.

Classification


Asset Class
Equity
Category
Sector
Focus
Theme
Niche
Cannabis
Strategy
Active
Weighting scheme
Proprietary
Selection criteria
Proprietary
What's in the fund
Exposure type
StocksBonds, Cash & Other
Process Industries
Health Technology
Stock breakdown by region
99%0%
Summarizing what the indicators are suggesting.
Oscillators
Neutral
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Oscillators
Neutral
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Summary
Neutral
SellBuy
Strong sellStrong buy
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Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.