January 20, 2021
To say cannabis exchange traded funds are experiencing a renaissance is a drastic understatement. One thing is clear: the
The actively managed MSOS, which debuted last September, has more than doubled in value over the past several months. Investors are taking notice, as highlighted by the fact that MSOS is now home to over $600 million in assets under management.
MSOS is first U.S.-listed active ETF to deliver exposure dedicated solely to American cannabis companies, including multi-state operators (MSOs). MSOs are U.S. companies directly involved in the legal production and distribution of cannabis in states where approved.
January 20, 2021
Getting a positive gross domestic product (GDP) reading in 2020 was a tall order for any country. China was able to grow its GDP by 2.3%, a good sign for the
As noted by a recent CNBC article, China’s “economy grew 2.3% last year as the world struggled to contain the coronavirus pandemic. Gross domestic product rose by 6.5% in the fourth quarter from a year ago, official data from the National Bureau of Statistics showed. Those numbers beat analysts’ expectations.”
Despite the higher GDP, consumers were hesitant when it came to opening their wallets.
“However, Chinese consumers remained reluctant to spend, as retail sales contracted 3.9% for the year. Retail sales for the fourth quarter rose 4.6% from a year ago,” the article added. “Online sales of consumer goods rose at a relatively rapid pace of 14.8% last year, the statistics bureau said, but the proportion of overall retail sales held fairly steady at around one-fourth.”
ETF investors don’t have to sacrifice performance for low cost. The
VanEck Vectors Semiconductor ETF (SMH) is up over 60% within the past year with just a 0.35% expense ratio.
With a categorical average of 0.51%, SMH’s expense ratio comes in at 12 basis points lower.
For that low cost of entry, ETF investors have snagged a top performer over the last 12 months:
SMH seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the MVIS® US Listed Semiconductor 25 Index. The fund normally invests at least 80% of its total assets in securities that comprise the fund’s benchmark index.