AdvisoryShares to launch Vice ETF

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AdvisoryShares to launch Vice ETF

US ETF provider AdvisoryShares is set to list the AdvisoryShares Vice ETF on New York Stock Exchange on early December.

According to the prospectus, the ETF seeks to invest at least 80% of its net assets in securities of companies that derive at least 50% of their net revenue from and alcoholic beverages and companies; that derive at least 50% of their net revenue from the marijuana and hemp industry or have at least 50% of their company assets dedicated to lawful research and development of cannabis or cannabinoid-related products.

The AdvisoryShares Vice ETF will invest mainly in US equities and American depositary receipts and a minimum of 25% of its investments will be in the food, beverage & tobacco industry within the consumer staples sector.

It will also seek to invest in stocks of companies that, in the opinion of AdvisoryShares, may have current or future revenues from cannabis-related business.