Skip to content
Flowering cannabis plants outdoors, densely packed in sunlight

The ETF

CanSoul Fund – Cannabis Equity UCITS ETF

Europe's first hemp & cannabis ETF

Figures

ETF data

Share class EUR-S, updated daily. Source: IFM Independent Fund Management AG.

  • €3.45

    Unit price (NAV), 5 Nov 2026

  • €10.5million

    ETF assets, 5 Nov 2026

  • 14

    Segments of the value chain

  • 6of 7

    Risk class according to the KID (high)

Past performance is not a reliable indicator of future results.

Portfolio

The companies in the ETF

28 companies from the USA and Canada (as of 28 August 2026). Categories and countries according to public company information; the management company's latest report is authoritative.

Ascend Wellness Holdings MSO USA
Aurora Cannabis LP Canada
Canopy Growth LP Canada
Charlotte’s Web CBD USA
Cresco Labs MSO USA
Cronos Group LP Canada
Curaleaf Holdings MSO USA
Glass House Brands Producer USA
Green Thumb Industries MSO USA
GrowGeneration Equipment supplier USA
High Tide Retail Canada
Innovative Industrial Properties REIT USA
Jushi Holdings MSO USA
MariMed MSO USA
Organigram Global LP Canada
Planet 13 Holdings MSO USA
Rubicon Organics LP Canada
SNDL LP / Retail Canada
TerrAscend MSO Canada / USA
The Scotts Miracle-Gro Company Equipment supplier USA
Tilray Brands MCO USA / Canada
Trulieve Cannabis MSO USA
Turning Point Brands Equipment supplier USA
Verano Holdings MSO USA
Vext Science MSO Canada / USA
Village Farms International LP Canada
Vireo Growth MSO USA
WM Technology (Weedmaps) Software USA

Portfolio

Portfolio categories

  • LP Licensed Producer
  • MSO Multi-State Operators
  • MCO Multi-Country Operators
  • REIT
  • Equipment suppliers
  • Medicine/Pharma
  • Extraction
  • CBD
  • Food/Drink
  • Software

Investment strategy

How the ETF invests

The ETF identifies promising listed cannabis stocks worldwide and invests initially predominantly in North America.

The investment processes are continuously refined in dialogue with industry experts. The sector is highly volatile; the strategy is long-term.

Companies are considered from cultivation, patents and licences, research, development, technology, extraction, software, distribution, product range, infrastructure, CBD, adult use (in legalised jurisdictions), medicine and pharmaceuticals.

The ETF is actively managed and does not follow a benchmark. It is a UCITS under Liechtenstein law registered for distribution in Germany, Austria and Liechtenstein.

Key data

At a glance

All ETF details in one place. Only the currently valid sales documents are binding.

WKN (share class EUR-S)
A2PX8U
ISIN (share class EUR-S)
LI0514446843
Bloomberg ticker
HANFEUS LE
Official name
CanSoul Fonds – Cannabis Aktien UCITS ETF (sub-fund of CanSoul Fonds)
Launch date
3 December 2018 (share class EUR-R) · New: share class EUR-S since 1 September 2022
Structure
UCITS under Liechtenstein law, equity ETF; actively managed, no benchmark; SFDR Article 6
Management company
IFM Independent Fund Management AG, Schaan (Liechtenstein)
Depositary
Liechtensteinische Landesbank AG, Vaduz
Investment adviser / portfolio manager
Investment adviser: BN & Partners Capital AG, Frankfurt · portfolio manager: Baader Bank AG, Unterschleißheim
Auditor
Ernst & Young AG, Bern
Costs (EUR-S)
Ongoing charges 2.42% p.a. (as of 30 Jun 2026) · management fee max. 1.45% p.a. · entry charge max. 5% · performance fee 20% of returns above 6% p.a. (high-water mark)
Risk indicator (KID)
Risk class 6 of 7 (high) · recommended holding period 5 years
Minimum investment
none (EUR-S)
Trading
gettex (Munich) and Stuttgart stock exchange; also through your bank, adviser or directly with the management company
Registered for distribution
Liechtenstein, Germany, Austria (retail and professional investors); not for distribution in the USA
Portfolio
28 companies from the USA and Canada (as of 28 August 2026)
Investment universe
Listed cannabis stocks worldwide, initially mainly North America

Performance

Performance of share class EUR-S

Figures in euro after the ETF's costs, excluding the entry charge, according to the management company's data as of 5 November 2026. Share class EUR-S has existed since 1 September 2022, so no five-year figures are available yet.

  • 2022 (from 1 September): −36.30%
  • 2023: −17.90%
  • 2024: −18.16%
  • 2025: +3.50%
  • 2026 to 5 November: −22.12%
  • Since launch of the share class: −65.50% (−22.47% p.a.)
  • Three-year volatility: 51.38% p.a.; largest drawdown since launch: −72.87%

Daily key figures at IFM (opens an external website)

Source of data: IFM

Past performance is not a reliable indicator of future results.

Risk notice

Important notices

Disclaimer and Risk Warning

This website constitutes marketing material. The information on this website is provided for general information purposes only and does not constitute investment advice or a personal recommendation. The information cannot replace individual advice tailored to the specific investment and investor and does not give rise to a contract or any other obligation. The individual circumstances of the website visitor (including, among other things, their economic and financial situation) were not taken into account in the preparation of this website. The operator of this website accepts no liability whatsoever for any losses or damages of any kind arising from access to this website or its links. This website and the information and materials contained herein are governed by the laws of the Federal Republic of Germany.

Investments are subject to product-specific risks. Investors must be prepared to bear losses up to the full amount of the capital invested. The views expressed herein reflect the current opinion of the operator. These views and opinions may change at any time without prior notice. Any discussion of tax matters does not purport to address all aspects of taxation that may be relevant to individual investors depending on their personal circumstances. The sole binding basis for the acquisition of units in fund products are the applicable sales documents (Key Information Document, sales prospectus, semi-annual and annual reports, and the fund’s pre-contractual disclosures).

The operator acts as a tied agent (Section 3(2) of the German Investment Firm Act – Wertpapierinstitutsgesetz, WpIG) on behalf of, in the name of, for the account of and under the liability of the liability umbrella BN & Partners Capital AG, Steinstraße 33, 50374 Erftstadt, Germany. BN & Partners Capital AG holds the relevant authorisation from the German Federal Financial Supervisory Authority (BaFin) pursuant to Section 15 WpIG for the provision of investment advice in accordance with Section 2(2) No. 4 WpIG and investment brokerage in accordance with Section 2(2) No. 3 WpIG.