• Daily Marijuana Observer Facebook
  • Daily Marijuana Observer Twitter
  • Daily Marijuana Observer StockTwits
  • Daily Marijuana Observer SA
  • Daily Marijuana Observer Instagram
  • Daily Marijuana Observer Youtube
  • Pinterest Social Icon
  • Daily Marijuana Observer Talk Market

Marijuana Mutual Fund Added to Database

We are asked all the time whether or not there is a marijuana stock ETF. Unfortunately, the answer is not yet. While there is currently no ETF focused on the cannabis industry, many do not know that there is in fact a marijuana focused diversified mutual fund. We are happy to announce that the American Growth Fund Series II E now has a profile in our database!

 

Cannabis Mutual Fund

 

The American Growth Fund Series II E (MUTF:AMREX) is by no means new. American Growth Fund, Inc. was actually founded back in 1958. Only recently, since late July of 2016 has the fund reorganized to focus on the blossoming marijuana industry. 

 

Professional Management

 

Unlike a passive ETF, mutual funds have the added benefit of professional management. Managed by Timothy Taggart and his daughter Victoria Taggart, this mutual fund is worth looking into for anyone who wants to have the ease of a diversified basket-style approach to cannabis stocks. Keep in mind that mutual funds have fees which can add up. Also since AMREX is a mutual fund rather than an ETF, it only trades once per day after the close unlike the individual underlying marijuana stocks.

 

Conclusion

 

Be sure to stay tuned as we roll out numerous site updates in the coming days. If you aren't already, be sure to subscribe to the free newsletter below to stay up to date. Also, check us out on social media using the links to the right of this article. 

 

 

Read more articles tagged:

Please reload

LATEST NEWS
Please reload

Please reload

DMO

© Copyright 2016-2020 Smoke Show Ventures, Inc.

RSS Feed

Disclaimer: Except for the historical information and data presented herein, matters discussed in articles on this website contain forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from any future performance or achievements expressed or implied by such coverage. Smoke Show Ventures, Inc., which owns The Daily Marijuana Observer, is not registered with any financial or securities regulatory authority, and does not provide nor claims to provide investment advice or recommendations to readers of this release. Smoke Show Ventures, Inc., which owns The Daily Marijuana Observer, may from time to time have a position in the securities mentioned herein and will increase or decrease such positions without notice. Before making specific investment decisions, readers should seek their own professional advice and that of their own professional financial adviser. Smoke Show Ventures, Inc. or its affiliates, which owns The Daily Marijuana Observer, may be compensated for its services in the form of cash-based and/or equity- based compensation in the companies it writes about, or a combination of the two. For full disclosure please visit: https://www.dailymarijuanaobserver.com/legal-disclaimer/.