Bringing you live news and features since 2006 


MicroSectors launches first leveraged ETNs in the North American marijuana sector


REX Shares’ president Scott Acheychek has announced the launch of the first leveraged ETNs offering exposure to the cannabis industry in North America.

MJO offers two times leveraged exposure to the MSMJ index while the MJJ is an unleveraged version based on the same index. Acheycheck, whose BMO & REX Shares’ MicroSectors range won Best Alternative ETF Provider in the 2019 US ETF awards, says: “This is very much an emerging industry that has been regulatory news and headline driven and heavily traded in the single stock space – but there has been a gap in sector trading vehicles for cannabis.”

The Index selects US and Canadian constituents from five key sub-themes: Cultivator, Pharmaceuticals, Testing & Analytics, Industrial Hemp, and Ancillary. Companies are screened as either pure-play or quasi-play depending on the percentage of revenue that is derived from Cannabis. The Index provides a quarterly IPO review for new issuances and a quarterly review for stocks facing potential regulatory bars to engaging in the cannabis industry.
Acheychek says: “We are the first in the market with a leveraged product that provides tactical exposure to the industry which is more than just cultivators, who are highly volatile. We can take a step back and look at the entire eco-system of everything that is going on in the industry.”
The cannabis industry in North America has proved to be a popular target for investors over recent years.
 “The space is very much a popular one with traders and investors. Some of the underlying stocks have been some of the highly traded and popular single stocks in North America bringing them one package with it all in will fill a need,” Acheychek says.

Latest News

Invesco’s Paul Syms, Head of EMEA ETF Fixed Income and Commodity Product Management, has commented on the gold price, saying:..
Everysk, a provider of customisable, no-code, low-code intelligent automation solutions, has been chosen as a strategic partner of Dynamic Beta..
Rize ETF has listed its new Rize Circular Economy Enablers UCITS ETF (CYCL) on the London Stock Exchange (LSE) and..
DWS has launched a new Xtrackers ETF based on European Nordic equity markets, aligned with the goals of the 2015..

Related Articles

Stephanie Miller Pierce, BNY Mellon
The three-year anniversary of BNY Mellon Investment Management’s launch of ETFs was marked by the quarter one growth of 172...
South Korea Flag
The overall trend in retail subscriptions to mutual funds in Korea is shifting gradually toward ETFs, as exchange-traded offerings have...
“The beauty of ETFs is that you can have effectively a rules-based strategy at low cost” says Laurent Kssis, head...
Henry Timmons, RBA
Henry Timmons, director of ETFs and Michael Contopoulos, director of fixed income at Richard Bernstein Advisors are on a mission...
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