AdvisorShares Vice ETF
AdvisorShares Vice ETF (NASDAQ:ACT) is an actively managed exchange-traded fund built on the investment philosophy that even in the toughest economic environments, people still historically spend on their leisure, habits, and vices. The investment thesis of the fund is that investing in select alcohol and tobacco companies will provide continued growth and long-term performance across all types of market environments. With evolving societal and regulatory landscapes, the upside potential of cannabis as a new investment avenue has emerged to complement the historically resilient characteristics of alcohol and tobacco. While cannabis represents a new investment frontier, proper caution and due diligence must be exercised surrounding its regulations and risks. ACT only invests in cannabis-related companies conducting federally legal business per the United States government.
As of July 31st, 2018 holdings data, approximately 19% of ACT’s holdings portfolio was cannabis-related.
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Listing Title: AdvisorShares Vice ETF