As governments and the private sector shift focus on the medicinal benefits of cannabis-derived drugs, many cannabis companies expect more favourable legal changes, which may ultimately provide a further boost to the industry.
An ETF is an open-ended investment fund that is traded on the ASX – just like any share. ETFs aim to closely track the performance of a given index or asset class, so ETF investors can gain exposure to a range of investment strategies, geographic regions and asset classes, often at lower costs than a traditional fund manager. ETFs and can be bought as simply as buying a share on the ASX during the trading day. ETFs are also eligible to be bought inside Self-Managed Super Funds.
The Australian market is dominated by only a handful of companies and sectors. When breaking down the top 200 ASX companies by sector, it is clearly evident that the financials and materials sectors are dominant in the Australian market. This could be due to many factors, but the most obvious are the mining and housing booms that have occurred in Australia over the last decade, which has led to strong growth for those companies involved.