A Marijuana ETF Is in the Right Spot

As marijuana-related stocks rally, the only U.S.-listed ETF focused on the industry, ETFMG Alternative Harvest (MJ), has surged in recent weeks. At the end of September, the fund was up 59% from its low for the year in mid-August and had gained 23% so far this year.

Todd Rosenbluth, director of ETF and mutual-fund research at financial-research firm CFRA, says that while marijuana stocks in general have performed well in recent months, this ETF stands out for providing diversified exposure to the sector.

... read more at: https://www.wsj.com/articles/a-marijuana-etf-is-in-the-right-spot-1538964061

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