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New Leveraged Cannabis ETF Hits The Market: MJXL By ETFMG

Launched by ETF Managers Group (ETFMG), the thematic exchange-traded fund issuer behind the world’s largest cannabis ETF, the ETFMG Alternative Harvest ETF (NYSE:MJ), ETFMG 2x Daily Alternative Harvest ETF (NYSE:MJXL) is designed to seek daily leveraged exposure of 2x to the performance of its Prime Alternative Harvest benchmark index. “It’s exciting to launch another leveraged ETF that provides amplified exposure to a high-growth theme,” Sam Masucci, CEO and founder of ETFMG, told Benzinga. “MJXL joins our cannabis suite of ETFs alongside MJ, our first-to-market global cannabis fund, and MJUS, which provides access to top names in U.S. cannabis, including MSOs. ETFMG has become a one-stop shop for cannabis investing as the legal landscape expands exponentially.”

AMG CEO on Parnassus Deal: Active Management Is Almost Synonymous With ESG

Affiliated Managers Group and Parnassus Investments the largest U.S. asset manager focused purely on environmental, social, and governance have been talking about a potential deal for 10 years. This month the two reached an agreement. AMG has taken a majority stake in Parnassus, which has $47 billion in assets and is one of the longest running U.S. firms in ESG. The active manager was founded in San Francisco in 1984. More than 95 percent of its mutual fund assets are in strategies with a Morningstar Rating of 4 or 5 stars. Once the deal closes, Parnassus will remain independent and employees will have more equity in the firm. 

10 Top Hedge Funds Focusing on ESG and Impact Investing

10 Top Hedge Funds Focusing on ESG and Impact Investing
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AMG adds ESG-focused Parnassus Investments to affiliates stable

AMG adds ESG-focused Parnassus Investments to affiliates stable
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