Amplify ETFs Makes Key Announcement on Unofficial Marijuana Holiday April 20, 2021
On what has become a historic day for marijuana smokers, April 20, or 4/20, a leading ETF company is making a major announcement.
Amplify Seymour Cannabis ETF (NYSE: CNBS) now has the ability to access Multi-State Operators (MSOs) via swaps. The ETF recently finished the necessary legal and operational work required to add portfolio exposure to this group of companies.
Swaps are a type of derivative contract where where two parties exchange the cash flows or liabilities from two disparate financial instruments. Swaps can occur in a variety of forms and typically principal does not transfer between the parties.
If approved, the index-based fund will launch later this year under the ticker DTOX, Amplify founder and CEO Christian Magoon told CNBC s ETF Edge this week.
DTOX will track companies in the building and infrastructure, health, beauty, food, dining, energy and transportation area that are producing products that are better for either the environment or better for the human body, Magoon said in a Monday interview.
It sounds broad-based, but Amplify has proposed relatively rigid rules for its holdings. They have to have about 80% of their revenue in those spaces, Magoon said. It s really kind of capitalizing on this trend that people want to live more cleanly in terms of their footprint, in terms of their health, in terms of the environment, he said. We think that s a trend that s going to be here to stay for quite a while. We think companies that are pivoting to that and have the majority of their revenue from that have a chance to produce some alpha.
If approved, the index-based fund will launch later this year under the ticker DTOX, Amplify founder and CEO Christian Magoon told CNBC s ETF Edge this week.
DTOX will track companies in the building and infrastructure, health, beauty, food, dining, energy and transportation area that are producing products that are better for either the environment or better for the human body, Magoon said in a Monday interview.
It sounds broad-based, but Amplify has proposed relatively rigid rules for its holdings. They have to have about 80% of their revenue in those spaces, Magoon said. It s really kind of capitalizing on this trend that people want to live more cleanly in terms of their footprint, in terms of their health, in terms of the environment, he said. We think that s a trend that s going to be here to stay for quite a while. We think companies that are pivoting to that and have the majority of their revenue from that have a chance to produce some alpha.
If approved, the index-based fund will launch later this year under the ticker DTOX, Amplify founder and CEO Christian Magoon told CNBC s ETF Edge this week.
DTOX will track companies in the building and infrastructure, health, beauty, food, dining, energy and transportation area that are producing products that are better for either the environment or better for the human body, Magoon said in a Monday interview.
It sounds broad-based, but Amplify has proposed relatively rigid rules for its holdings. They have to have about 80% of their revenue in those spaces, Magoon said. It s really kind of capitalizing on this trend that people want to live more cleanly in terms of their footprint, in terms of their health, in terms of the environment, he said. We think that s a trend that s going to be here to stay for quite a while. We think companies that are pivoting to that and have the majority of their revenue from that have a chance to produce some alpha.
If approved, the index-based fund will launch later this year under the ticker DTOX, Amplify founder and CEO Christian Magoon told CNBC s ETF Edge this week.
DTOX will track companies in the building and infrastructure, health, beauty, food, dining, energy and transportation area that are producing products that are better for either the environment or better for the human body, Magoon said in a Monday interview.
It sounds broad-based, but Amplify has proposed relatively rigid rules for its holdings. They have to have about 80% of their revenue in those spaces, Magoon said. It s really kind of capitalizing on this trend that people want to live more cleanly in terms of their footprint, in terms of their health, in terms of the environment, he said. We think that s a trend that s going to be here to stay for quite a while. We think companies that are pivoting to that and have the majority of their revenue from that have a chance to produce some alpha.