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Stock impact report

Cannabis investing's latest bet: A new marijuana ETF with the ticker YOLO [CNBC]

The Bank of New York Mellon Corporation (BK) 
Last the bank of new york mellon corporation earnings: 4/16 06:30 am Check Earnings Report
Company Research Source: CNBC
Cannabis investing's latest bet: A new marijuana ETF with the ticker YOLO You only live once, but when it comes to cannabis, your investing options are seemingly endless. Case in point: Last week saw the debut of a new marijuana-themed exchange-traded fund called the AdvisorShares Pure Cannabis ETF Aurora Cannabis Canopy Growth A few things about this particular fund set it apart from its 3-year-old counterpart, the ETFMG Alternative Harvest ETF "The previous fund here, MJ, had to kind of do a bit of an end-around" with its backers, ETF.com "" AdvisorShares got around those hurdles by putting together a preapproved list of holdings with BNY Mellon, Nadig said. "Because it's actively managed, obviously they need to know what's OK and what's not OK" to trade, he said. "So they're working through their 'OK' list, and they've put together a portfolio which, when you look at it, looks like a pretty darn good pure-play cannabis ETF." Another important distinction is YOLO's list of holdings, Show less Read more
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