iShares launches a Kuwait ETF, first US focused marijuana ETF releases, and TrueMark adds to its defined ETF lineup.

• iShares launches the first U.S.-listed ETF focused on Kuwait.
  • The iShares MSCI Kuwait ETF (KWT) follows the MSCI Kuwait index and carries an expense ratio of 0.74%
  • The underlying index is weighted by market capitalization and covers at least 30 securities of companies that are listed in Kuwait, headquartered there, or have significant ties to the country.
  • With it release, KWT fills out BlackRock’s offering of Gulf States country ETFs.

• AdvisorShares releases an ETF that focused on the US marijuana industry.
  • The AdvisorShares Pure US Cannabis ETF (MSOS) concentrates solely on the United States and solely on companies involved in the marijuana and hemp industries.
  • MSOS is actively managed and comes with an expense ratio of 0.74%.
  • MSOS targets small and mid cap U.S. securities and can operate in the agriculture, biotechnology, pharmaceuticals, real estate, retail, and finance sectors.

• TrueMark adds its third defined outcome ETF.
  • The TrueShares Structured Outcome (September) ETF (SEPZ) comes with an expense ratio of 0.79% and will reset on September 1, 2021.
  • TrueMark uses a protective range concept that protects against downside within a certain range. The range for SEPZ is protection between 8-12% and there is no cap on upside performance.

(Source: etf.com)