Three of the top cannabis ETFs (exchange-traded funds) joined this week’s Benzinga Cannabis Hour.
Matt Markiewicz, the New York-based managing director of Innovation Shares, called into the show first representing THCX, a cannabis ETF that launched on NYSE last July. The 11-year ETF veteran gave Benzinga’s Javier Hasse and Patrick Lane insight on what it means to run a fund that’s “actively styled” yet passive.
“One of the things that I learned was, most investors — particularly financial advisors and registered investment advisors — don’t really love the idea of actively managed ETFs,” he said.
Now, it’s not a one-size-fits all. It’s a lot of “giving investors what they know,” Markiewicz explained, but it also depends on strategy.
“Overwhelmingly, the appetite was for a passively managed product,” he added.
Markiewicz also noted how stocks in the cannabis space tend to be among the most volatile. Still, cannabis ETFs have emerged as a practical possibility…