Home etfexpress.com Amplify ETFs launches Amplify Seymour Cannabis ETF

Amplify ETFs launches Amplify Seymour Cannabis ETF

Amplify ETFs has launched the Amplify Seymour Cannabis ETF (CNBS), an actively-managed ETF that seeks to provide exposure to the fast-developing global cannabis industry. Working alongside Amplify in bringing CNBS to market is early-stage cannabis investor, Tim Seymour, CIO of Seymour Asset Management and CNBC Fast Money co-host, who will serve as the fund’s portfolio manager.Companies in the CNBS portfolio must be federally legal in the countries they operate and fall into three distinct categories: cannabis/hemp plant, support cultivation and retail, and ancillary companies that provide services and products to the broader cannabis market. At least 80 per cent of portfolio companies must also receive 50 per centx or more of their revenue from the cannabis and hemp ecosystem.“The global legal cannabis industry is still very much in its infancy and presents an attractive growth opportunity for investors looking to capitalise on this emerging frontier,” asserted Tim Seymour. “Amplify has a track record of offering investors access to disruptive areas of the market via the ETF structure, and the cannabis industry certainly fits this mould.”As the fund’s portfolio manager, Seymour will base portfolio decisions on top-down and bottom up factors, including public regulatory filings, third-party research and other public data, as well as his own evaluations of the companies’ financial fundamentals, taking into consideration everything from macroeconomic data to environmental, social and governance scoring.“Cannabis and hemp are seeing a new wave of potential use cases across multiple industries, and investors are eager to gain access to this emerging sector,” says Christian Magoon, founder and CEO of Amplify ETFs. “Tim is a recognised voice and active investor in the cannabis space, and we’re excited to harness his investment expertise and specialised insights to navigate and capture the expanding opportunity in the rapidly evolving industry.”

newETFs.io respects the hard work of others and gives all credit to the remarkable folks at ETFexpress.com. This excerpt/article was pulled from their RSS feed; click here to view the original. Please note that on occasion, the RSS feed will not have the author. When this happens this site defaults the author to "News". Make no mistake, this excerpt/article was not created by newETFs.io, it was simply shared with you.