Horizons ETFs Rebalances Canadian And U.S. Cannabis ETFs; Here’s How Both ETFs Performed In 2020

Following Horizons’ Quarterly Rebalance, Here’s What the Top 10 Holdings of Their HMMJ and HMUS Cannabis ETFs Look Like Now

On December 29, 2020, Horizons ETFs Management (Canada) announced it completed a quarterly rebalance of the holdings of its two Cannabis ETFs: Horizons Marijuana Life Sciences Index ETF (HMMJ) and the Horizons U.S. Marijuana Index ETF (HMUS).

Horizons Marijuana Life Sciences Index ETF (HMMJ)

Horizons’ HMMJ cannabis ETF is the world’s first ETF offering direct exposure to North American-listed securities that have significant business activities in the marijuana industry. HMMJ seeks to replicate the performance of the North American Marijuana Index. The North American Marijuana 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 with operations that may include one or more offerings of biopharmaceuticals, medical manufacturing, distribution, bio-products, and other ancillary businesses related to the marijuana industry. Cannabis stocks in HMMJ’s index normally have a market cap of over CDN $75 million.

The HMMJ ETF is rebalanced each calendar quarter, and this quarter, HMMJ has added the following cannabis stocks to its portfolio:

“The Canadian cannabis industry ‘comeback’ in Q4 2020 has been one of the silver linings of a challenging year. Following consecutive quarters of muted performance, this Canadian sector has been galvanized by the renewed opportunity for federal marijuana liberalization in the United States.

Canada’s established marijuana licensed producers – particularly those that can enter the U.S. market upon federal legalization – are also well-positioned to appreciate from the industry’s growth, south of the border,” commented Steve Hawkins, Horizons ETFs President and CEO.

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I have NOT been compensated for this article and hold NO positions in any of the companies mentioned.

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