Canadian firm launches marijuana-focused ETF

Toronto-based investment firm Redwood Asset Management, a subsidiary of Purpose Investments, has listed the Marijuana Opportunities fund on Toronto's NEO exchange. The ETF, providing exposure to global issuers with interest in marijuana or marijuana-related industries, will be actively managed by Greg Taylor. "The fund represents another important new frontier for investors. We strongly believe the Fund's institutional-style active approach - which will include fundamental and technical analysis, the ability to sell short, and tactical management of cash to take advantage of volatilit...