Bringing you live news and features since 2006 

Evolve Marijuana ETF is top-performing TSX-listed equity ETF over past year

RELATED TOPICS​

The Evolve Marijuana ETF (SEED) is the top performer out of 504 equity ETFs listed on the Toronto Stock Exchange (TSX) for the 12-month period ended 28 February 2019.

SEED returned 48.48 per cent over this period, more than doubling the performance of the North American Marijuana Index during the same period.
 
The Evolve Marijuana ETF is actively managed by Evolve ETFs and is designed to provide Canadian investors with long-term capital appreciation by investing in a diversified mix of equity securities of issuers that are involved in the marijuana industry.
 
“The regulatory landscape in marijuana is developing rapidly as the rules around retail distribution take shape this year,” says Elliot Johnson, Chief Investment Officer at Evolve ETFs and Portfolio Manager for SEED. “Valuations are realigning with fundamentals as investors become more interested in actual operating businesses with real customers, brands and access to markets. We believe active management is essential in constructing a portfolio that holds businesses projected to become the dominant players as the market matures. Our portfolio construction and risk management processes make us well positioned to take advantage of the changes we expect in the coming year.”
 
While there is a general expectation that other countries will follow Canada in legalising marijuana, it remains illegal today in most of the world including the United States. SEED only invests in businesses that operate in jurisdictions where marijuana is legal and as a result, is the only actively managed cannabis ETF to qualify for a TSX listing.
 
“The past year has been a very productive one for Evolve with our Cyber Security ETF being Canada’s top performing equity ETF in 2018 followed by the strong performance of our Marijuana ETF,” says Raj Lala, President and CEO at Evolve. “Our ETF lineup encompasses long term themes or sectors with strong investment theses. CYBR and SEED are excellent examples, as they both achieved performance to place them in the top 5 over the past year. In terms of investing in the cannabis sector, we feel that investors will benefit from active management in a diversified portfolio.”

Latest News

Morningstar has published a review of the European ETF market for the first quarter 2024, which finds that it gathered..
ETF data consultant ETFGI reports that assets invested in the global ETF industry reached a new record of USD12.71 trillion..
Calastone has published an ETF white paper which examines several of the processes that take place across the lifecycle of..
Adapting product lines to fit into changing methodologies and meet shifting demand is essential to remaining relevant in the industry..

Related Articles

Kristen Mierzwa, FTSE Russell
Index Investments Group (IIG), a division within index provider FTSE Russell, has extended its range of indices through two new...
ETFs
US ETF issuers of active ETFs are facing an increase in fees from the big custodian firms, such as Charles...
Taylor Krystkowiak, Themes ETFs
Themes ETFs opened its doors in December 2023, with an introductory suite of 11 ETFs – seven thematic and four...
Konrad Sippel, Solactive
At the end of March, financial index specialist, Solactive, published its 2024 annual report on future trends.  ...
Subscribe to the ETF Express newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by