ETF Managers Group (ETFMG®) expands its lineup of cannabis and leveraged ETFs with MJXL
SUMMIT, NJ – (COMMERCIAL THREAD) – ETF Managers Group LLC (ETFMG®), a leading issuer of exchange-traded funds, announced that the ETFMG 2x Daily Alternative Harvest ETF (NYSE Arca: MJXL) will begin trading today on the New York Stock Exchange . MJXL is designed to seek daily leveraged investment results, before fees and expenses, of twice (2x) or 200% the performance of the Prime Alternative Harvest Index, providing investors with access to the global ecosystem cannabis and directly benefiting from widespread medical and recreational legalization. initiatives.
The Fund is ETFMG’s third cannabis investment offering, joining MJ, the first US-listed cannabis ETF and the largest in the world, and MJUS, providing access to the biggest names in cannabis in the United States. United, including multi-state operators (MSO). MJXL also adds to the company’s new line of 2x daily leveraged ETFs, structured to provide investors with short-term and amplified exposure to high-growth themes already offered by ETFMG.
“We are proud to add another cannabis and leveraged ETF to our range of funds,” said Sam Masucci, CEO and Founder of ETFMG. “MJXL is a direct response to increased investor demand for increased exposure to global cannabis. ETFMG has become a one-stop-shop for those who wish to invest in cannabis. ”
“With cannabis sales on track to exceed historical levels of last year and several catalysts in place to drive future growth globally, it is exciting to launch an investment product that offers 2x exposure. superior to this growing industry, ”said Jason Wilson, ETFMG Cannabis Research. and banking expert.
The Fund seeks daily investment results, before fees and expenses, of 200% of the performance of the Prime Alternative Harvest Index. This Fund does not seek to achieve its stated investment objective over a period longer than one day. ETFMG recommends that potential investors seek the advice of an investment professional before investing in 2x ETFMG Daily Leverage ETFs.
Possession and use of marijuana, even for medical purposes, is illegal under federal and some state laws.
For more information visit: www.etfmg.com/MJXL.
ETFMG is an exchange-traded fund (ETF) provider, founded in 2014 with a vision of developing innovative thematic ETFs that provide investors with unique exposure to new markets. Today, the ETFMG range of funds provides access to a diverse collection of global themes and is 75% comprised of leading products. We transform portfolio management strategies into successful ETFs by partnering with market segment experts to provide long-term growth opportunities for investors. ETFMG funds are proof of the power of the ETF wrapper and that thematic products can have their place in investors’ portfolios. To learn more about ETFMG and our portfolio of exchange-traded funds, please visit www.etfmg.com.
Carefully consider the investment objectives, risk factors, fees and expenses of the Fund before investing. This and other information can be found in the Fund’s statutory and summary prospectus, which can be obtained by calling 1-844-383-6477, or by visiting www.etfmg.com/MJXL. Read the prospectus carefully before investing.
There are risks involved in investing, including the possible loss of capital. Shares of any ETF are bought and sold at market price (not at NAV), may trade at a discount or at a premium to NAV, and are not individually redeemed by the Fund. Brokerage commissions will reduce returns. Tightly targeted investments tend to exhibit higher volatility. Possession and use of marijuana, even for medical purposes, is illegal under federal and some state laws, which can negatively impact the value of the Fund’s investments. The use of marijuana is regulated by both the federal and state governments, and federal and state laws regarding marijuana are often in conflict. Even in states where the use of marijuana has been legalized, its possession and use remains a violation of federal law. Federal law criminalizing the use of marijuana prevails over state laws that legalize its use for medicinal and recreational purposes. Cannabis companies and pharmaceutical companies may never be able to legally produce and sell products in the United States or other national or local jurisdictions.
Investing in a 2x Daily Leveraged and Inverse ETF ETFMG can be more volatile than investing in broadly diversified funds. The use of leverage by an ETF increases the risk to the ETF. The 2x Daily Leveraged ETFMG and Inverse ETF are not suitable for all investors and should only be used by sophisticated investors who understand the risk of leverage, the consequences of seeking daily leveraged or effected investment results. reverse leverage daily and intend to actively monitor and manage their investment.
The use of derivatives such as swaps is subject to additional risks which may lead to price fluctuations over time and include the effects of composition, market volatility, leverage risk, risk associated with trading techniques. aggressive investment, counterparty risk and intraday investment risk. Please see the summary and the full prospectus for a more complete description of these and other risks associated with investing in the Fund..
The Fund’s investments will be concentrated in one industry or a group of industries to the extent that the Index is so concentrated. In such a case, the value of the shares of the Fund may rise and fall more than the value of the shares of a fund that invests in securities of companies from a wider range of industries. The consumer staples industry may be affected by the authorization to use various components of products and production methods, marketing campaigns and other factors affecting consumer demand. Tobacco companies, in particular, can be affected by new laws, regulations and litigation. The consumer staples sector may also be affected by changes or trends in commodity prices, which may be influenced or characterized by unpredictable factors.
The Fund is intended to be made available only to residents of the United States. Under no circumstances is the information provided on this website intended for distribution or use by, or to be an offer to sell or a solicitation of an offer to buy the Fund or any investment product or service of, any person or entity in any jurisdiction or country, other than the United States, where any such distribution, use, offer or solicitation would subject the Fund or its affiliates to any registration requirement or be illegal under applicable laws. securities of that jurisdiction or country.
The Fund is distributed by ETFMG Financial LLC. ETF Managers Group LLC and ETFMG Financial LLC are wholly owned subsidiaries of Exchange Traded Managers Group LLC (collectively, “ETFMG”). ETFMG is not affiliated with Prime Indexes.
The Fund is intended to be made available only to residents of the United States. Under no circumstances is the information provided on this website intended for distribution or use by, or to be an offer to sell or a solicitation of an offer to buy the Fund or any investment product or service of, any person or entity in any jurisdiction or country, other than the United States, where such distribution, use, offer or solicitation would subject the Fund or its affiliates to a registration requirement or be illegal under securities laws of that jurisdiction or country.