FYI: The New York Stock Exchange is getting a new cannabis-focused ETF: The Cannabis ETF (NYSE:THCX).
With a name as great as its ticker, The Cannabis ETF will focus on companies in the legal marijuana, CBD, and hemp industries. This passively managed pure-play ETF was launched by Innovation Shares, a sponsor of unique thematic exchange traded funds, and will trade on the NYSE Arca, formerly known as ArcaEx.
Rebalancing will take place on a monthly basis, unlike many other ETFs, which rebalance quarterly.
Regards,
Ted
https://www.forbes.com/sites/javierhasse/2019/07/08/nyse-thcx-cannabis-etf/?ss=etfs-mutualfunds#2835e28d689c
