![]() ![]() At those points, all stocks eligible for inclusion are generally re-weighted by their respective float market capitalization. Rebalancing of the North American Psychedelics Index occurs each calendar quarter. PSYK seeks to replicate, to the extent possible and net of expenses, the performance of the Index. ![]() In order for a stock to be eligible for the fast-entry inclusion, it must have a float market capitalization in excess of CAD $50 million.įollowing their fast entry additions into the Index, Mindset Pharma and Novamind have been, or will be, added as constituent holdings of PSYK. One of the innovative features of the Index is that it has a "Fast Entry" rule, which allows the Index, and by extension, PSYK, to add new stocks shortly after they become publicly available, assuming they qualify for inclusion. The Index is designed to provide diversified exposure to the psychedelics industry, at weights that can easily and cost effectively be replicated, while at the same time reflecting the evolution of the industry in a timely fashion. The Index is designed to provide a measure of the performance of North American publicly-listed life sciences companies focused on psychedelic medicines, and other companies with business activities in the psychedelics industry. (" Novamind") have been included as fast entry additions to the North American Psychedelics Index (the " Index"), which is the underlying index of the Horizons Psychedelic Stock Index ETF (" PSYK"). (" Horizons ETFs") is announcing that Mindset Pharma Inc. 19, 2021 /CNW/ - Horizons ETFs Management ( Canada) Inc. ![]()
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