This Week's Top Performing ETFs: 11/08/2020
November 09, 2020 at 17:20 PM EST
These were last week’s top performing ETFs. We’ve excluded funds which use leverage or make inverse bets on their underlying assets. After last week’s elections, it’s no wonder that we’re seeing the cannabis funds dominate the returns chart over the past week. Voters have passed measures to legalize cannabis in Arizona, Mississippi, Montana, New Jersey, and South Dakota, making now a great time to get into the market. All but two funds this week were cannabis focused. While the Global X Cannabis ETF ( POTX ) topped the chart at almost 34.5%, it was the ETFMG Alternative Harvest ETF ( MJ ) that found the most favor with investors. MJ had the most inflows of any cannabis related ETF over the past week at $20.85 million. MJ is largest fund in the space by far at $677 million, making up a whopping 73% of the cannabis ETF market.