Pot ETF Trio Soars 90% to Open 2021 on Legalization Hopes, M&A
- Top four non-leveraged funds are all cannabis-related products
- Favorable regulation hopes, retail-investor interest fuel gain
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The top performing exchange-traded funds so far in 2021 have at least one thing in common: They all track the pot industry.
The Global X Cannabis ETF (POTX), the Cannabis ETF (THCX) and Amplify Seymour Cannabis ETF (CNBS) -- have returned more than 90% year-to-date, according to data compiled by Bloomberg. Those three non-leveraged products have largely outpaced the 4% gain in the S&P 500 Index.