Purpose launching European cannabis ETF

North American cannabis companies are set to get support from European investors as Purpose Investments opens up the market with a German-listed ETF

Ruth Saldanha 20 January, 2020 | 1:48AM

 

 

Ruth Saldanha: Earlier this week, Purpose Investments launched a European cannabis ETF. The new ETF called the Medical Cannabis & Wellness UCITS ETF will list on the German Xetra exchange and will invest in global medical cannabis and CBD wellness sectors. The timing of this launch is interesting as cannabis was one of the worst-performing sectors of 2019, more than halving in value from the start of the year. To discuss the ETF and its timing, Nawan Butt, Portfolio Manager at Purpose Investments is here today.

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Ruth Saldanha

Ruth Saldanha  Ruth Saldanha is Senior Editor at Morningstar.ca

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