FYI: A cloud looms over the newly traded marijuana ETFs, and it's something—or someone—that most investors don't know anything about.
Custodians are the independent third parties, usually banks, whose sole task is to hold securities for an exchange-traded fund. Though they often go unseen and unnoticed, custodians play a critical role in the launch and operation of any fund. Without custodians, there can be no ETFs.
But when it comes to marijuana ETFs, custodians remain wary, at best.
Regards,
Ted
http://www.etf.com/sections/features-and-news/promise-peril-marijuana-etfs?nopaging=1
