Are you interested in investing in marijuana stocks? Do you prefer the diversification of exchange-traded funds (ETFs)? If you answered “yes” to both questions, I have good news and bad news for you.
The good news is that there are a couple of marijuana-focused ETFs available. The Horizons Marijuana Life Sciences Index ETF (TSX:HMMJ) tracks Arcview’s North American Marijuana Index. The ETFMG Alternative Harvest ETF (NYSEMKT:MJ) tracks the Prime Alternative Harvest Index.
What’s the bad news? Both of these marijuana ETFs stank last year. The Horizons ETF plunged nearly 31% in 2018, while the ETFMG ETF fell more than 23%.
There’s also some great news, though, if you’re willing to invest in individual marijuana stocks rather than ETFs: Several marijuana stocks handily outperformed both the Horizons and ETFMG ETFs. I think there are three such stocks that trounced these ETFs and are likely to do it again in 2019: Cronos Group (... read more at: https://www.fool.com/investing/2019/01/13/these-3-stocks-trounced-the-top-marijuana-etfs-in.aspx