Ult-6
  • Why Ultumus
  • Our Products
    • Global Index Aggregation
    • Global ETF Aggregation
    • PCF Calculation
    • Global Dividend Forecast
    • Global Corporate Action Service
    • Cosmos ETF Create / Redeem Platform
  • Use Cases
    • ETF Issuers
    • Market Makers
    • Asset Managers & Investor Services
    • Equity Derivatives & Index Trading
    • Case Studies
  • News & Insights
    • Global Index Rebalance Calendar
    • Insights
    • News
    • Restricted Content
  • User Guides
    • PULSE - API
    • COSMOS – Create/Redeem Platform
    • IRONHIDE – Data & Tools UI
  • Contact Us
  • Login

News , Marijuana , TOKE , etf , Cambria

Ticker of the year

By Bernie Thurston
July 12, 2019

USA

Cambria joins crazed rush to marijuana ETFs

It’s the new bitcoin. 

Cambria is becoming the latest ETF provider to crack out the bong, listing an actively managed marijuana and hemp tracker. The Cambria Marijuana Industry ETF (TOKE), which will begin trading on US exchanges in two weeks, is set to become the third weed ETF listed in three months. More are set to come from other ETF dealers later in the year.

 

TOKE will invest in global companies that are “broadly” involved in the marijuana and hemp industries. Involvement is defined in the prospectus so loosely that almost any type of company – REITs, biotechs, retailers, research firms, banks, and more – can be eligible. 

 

To qualify, companies need to make 50% of their revenue from these loosely defined marijuana and hemp-related activities. As the fund is actively managed, what constitutes relevant revenue is at Cambria’s discretion.

The fund will charge 0.59%. 

 


Subscribe to Insights for updates

All posts
About Author
Bernie Thurston

You might also like
CLO ETF
CLO ETF
July 12, 2019
Inverse Bitcoin
Inverse Bitcoin
July 12, 2019
Bored Ape ETF
Bored Ape ETF
July 12, 2019
Ult-6-wit

Our market leading technology powers four highly customizable solutions.

Products
  • Index Aggregation
  • ETF Aggregation
  • PCF Calculation
  • Dividend Forecast
  • Global Corporate
    Action Service
  • Cosmos ETF Platform
Site map
  • Why Ultumus
  • Our Products
  • Insights
  • Contact Us
Contact Us
  • +44 (0) 203 998 2500
  • info@ultumus.com

©2022. All rights reserved