RE:Slang in Horizons US Marijuana Index ETFHere is the link for the news release of fund reblancing - adding Slang. The fund has performed well, especilly the last 6 months (62% return). https://www.newswire.ca/news-releases/horizons-etfs-rebalances-marijuana-focused-index-etf-suite-873952739.html
HMUS REBALANCE
HMUS is the world's first U.S.-focused marijuana index ETF. HMUS seeks to replicate, to the extent possible, the performance of the US Marijuana Companies Index, net of expenses. This index is designed to provide exposure to the performance of a basket of publicly listed companies with significant business activities in, or significant exposure to, the marijuana or hemp industries in the United States. Constituents of this index are selected from Canadian and U.S. exchanges. While some securities may be listed on major North American exchanges, the majority of the securities currently trade on North American exchanges that include, but are not limited to, the Canadian Securities Exchange and the Aequitas NEO Exchange.
This rebalance resulted in three additions to the portfolio:
Additions
| Company Name | Ticker | Exchange |
| C21 Investments Inc. | CXXI | CSE |
| Slang Worldwide Inc. | SLNG | CSE |
| Sol Global Investments Corp. | SOL | CSE |
"As the world's first and only exclusively U.S.-focused marijuana index ETF, HMUS has been the key benchmark to track and get exposure to the growth of the budding U.S. cannabis opportunity," said Mr. Hawkins. "Now, that opportunity has received a tremendous boon with the election of Joe Biden and Kamala Harris, who have highlighted that federal marijuana reform will be a part of their administration's objectives. I am optimistic about what 2021 holds for the U.S. marijuana industry, as more states will likely see an opportunity to pursue state-level legalization, such as recent legalization measures passed by key populous states such as Arizona and New Jersey. U.S. multi-state operators can work to expand and enhance their operations in what will likely be a more permissive environment and even more significant revenue opportunities."
Rebalancing of the US Marijuana Companies Index, and consequently HMUS, occurs each calendar quarter. At that point, all stocks eligible for inclusion in the index are generally re-weighted by their respective market capitalization.
The holdings of HMUS and its current portfolio weights are regularly updated and available at https://www.HorizonsETFs.com/HMUS. It is important to note that HMUS may not hold all of the constituent names in its index. The manager of HMUS, through the use of a stratified sampling strategy, may invest in securities that closely match the investment characteristics of HMUS' index, provided they are consistent with the ETF's investment objectives and strategies.
Performance Update as at November 30, 2020*
| | 1
Month | 3
Month | 6
Month | YTD | 1
Year | Annualized Since
Inception** |
| HMUS | 32.62% | 34.66% | 61.62% | 32.54% | 35.74% | -26.64% |
*Source: Bloomberg, as at November 30, 2020. **Since HMUS' inception on April 17, 2019.