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Evolve Launches World's First ETF Investing in U.S. Cannabis Industry: Evolve U.S. Marijuana ETF

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Evolve Funds Group Inc. filed Tuesday its final prospectus to launch the Evolve U.S. Marijuana ETF, which will be the world's first ETF focused on the U.S. marijuana industry. Units of ticker symbol USMJ have been approved for listing on the NEO Exchange and will begin trading on April 17, 2019.

According to a statement, SEED is Canada's top performing TSX-listed equity ETF over the past one year, ending March 29, 2019. It said SEED is Canada's top performer out of 508 equity ETFs listed on the TSX. It added that Evolve's portfolio management team has generated a return of 58.43% over this period, and more than doubled the performance of the North American Marijuana Index since inception of SEED.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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