MJ

Amplify Alternative Harvest ETF

$26.11
+0.00%
Market closed. Last update: 12:31 PM ET

📎 Investment Objective

The Amplify Alternative Harvest ETF (MJ) seeks to provide investment results that correspond generally to the performance of the Solactive Cannabis Index, which is designed to track the performance of companies involved in the legal cannabis, hemp, and pharmaceutical cannabis industries.

Overview

ETF tracking Amplify Alternative Harvest ETF

Category Alternative
Issuer Other
Inception Date 2024-01-29
Market Cap $144.0M
Average Volume N/A
Dividend Yield 0.09%
52-Week Range $16.24 - $40.71
VWAP $27.66

Performance

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Investment Summary

📎 Investment Objective

The Amplify Alternative Harvest ETF (MJ) seeks to provide investment results that correspond generally to the performance of the Solactive Cannabis Index, which is designed to track the performance of companies involved in the legal cannabis, hemp, and pharmaceutical cannabis industries.

🎯 Investment Strategy

The fund invests at least 80% of its total assets in the securities that comprise the Solactive Cannabis Index. The index includes companies engaged in the legal production, growth, and distribution of cannabis, hemp, and related products, as well as pharmaceutical applications of cannabis.

✨ Key Features

  • Provides exposure to the emerging legal cannabis and hemp industries
  • Tracks the Solactive Cannabis Index, which is designed to capture the performance of companies in this sector
  • Diversified portfolio of companies involved in various aspects of the cannabis and hemp value chain
  • Actively managed fund with the potential to outperform the broader cannabis/hemp market

⚠️ Primary Risks

  • Investing in the cannabis and hemp industries carries significant risks due to the evolving legal and regulatory environment
  • The fund may be subject to higher volatility and risk of loss compared to more diversified investments
  • Concentration in a specific industry or sector can increase the impact of adverse events on the fund's performance
  • The fund's performance is dependent on the success and growth of the underlying companies, which may be affected by factors outside the fund's control

👤 Best For

The Amplify Alternative Harvest ETF (MJ) may be suitable for investors with a high-risk tolerance who are seeking exposure to the emerging legal cannabis and hemp industries. Investors should have a long-term investment horizon and be willing to accept the higher volatility and risks associated with this sector.