Billion Dollar Fund Manager Targets Cannabis

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Billion Dollar Fund Manager Targets Cannabis

Flickr / Cannabis Pictures / (CC BY 2.0)

First Trust Portfolios filed an S-6 on May 3oth with the Securities and Exchange Commission for a Medical Cannabis Portfolio Series – FT 6766 that is seeking above average capital appreciation. The prospectus for the Unit Investment Trust has only been filed and not yet approved by the SEC.

According to the filing, the stocks included in the trust will be selected from the Indxx Cannabis Index, which has yet to be created.

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