Atai Life Sciences N.V. Added to the North American Psychedelics Index


TORONTO, July 8, 2021 /CNW/ – Horizons ETFs Management (Canada) Inc. (“Horizons ETFs“) is announcing that Atai Life Sciences N.V. (“Atai Life Sciences“) has been included as a fast entry addition to the North American Psychedelics Index, (the “Index“), which is the underlying index of the Horizons Psychedelic Stock Index ETF (“PSYK“:NEO).   The Index is designed to provide exposure to the performance of North American publicly-listed life sciences companies focused on psychedelic medicines, and other companies with business activities in the psychedelics industry. 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 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. In order for a stock to be eligible for the fast-entry inclusion, it must have a float market capitalization in excess of CAD $100 million.   Rebalancing of the North American Psychedelics Index occurs each calendar quarter. At those points, all stocks eligible for inclusion are generally re-weighted by their respective float market capitalization. The holdings of the Index, PSYK and its current portfolio weights are regularly updated and available at   About Horizons ETFs Management (Canada) Inc. ( Horizons ETFs Management (Canada) Inc. is an innovative financial services company and offers one of the largest suites of exchange traded funds in Canada. The Horizons ETFs product family includes a broadly diversified range of solutions for investors of all experience levels to meet their investment objectives in a variety of market conditions. Horizons ETFs has over $19 billion of assets under management and 95 ETFs listed on major Canadian stock exchanges.   Commissions, management fees and…

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Source : Atai Life Sciences N.V. Added to the North American Psychedelics Index

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