HSBC Admits Not Owning Cannabis Stocks Hurt Fund’s Performance

New Cannabis Ventures
By Alan Brochstein, CFAMar 22, 2018, 8:04 pm17 pts
Giant asset management firm HSBC Global Asset Management didn’t own cannabis stocks in one of its funds in 2017. The asset manager revealed in its Annual Management Report of Fund Performance for the year ended December 31, 2017 that not owning cannabis stocks was a drag on performance for its Canadian Small…

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