Investments is an asset management company with over $8 billion in assets under
management across a range of managed and quantitative investment products.
Purpose Investments is led by well-known entrepreneur Som Seif and is a division of Purpose
sought to expand their international footprint in the high growth European
market with a the first UCITS ETF in one of their areas of expertise – Cannabis.
in close collaboration with legal and regulatory experts HANetf managed a
complex ecosystem of counterparties, with various regulatory approaches and
legal attitudes towards medical cannabis to develop an approach and methodology
that was transparent, compliant and representative of the nascent medical
On 14th January 2020, HANetf and Purpose Investments announced the listing of the Medical Cannabis and Wellness UCITS ETF (CBDX) on XETRA - a first for Europe. HANetf, Purpose and the exchange. This was closely followed by listings on the London Stock Exchange and passporting to the Italian market.