AdvisorShares, Accuvest Planning ETF


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Walnut Creek, Calif.-based Accuvest has been putting together asset allocation plans using single-country ETFs for about five years, as its managing director, David Garff, told IndexUniverse last month. The firm uses a total of 29 single-country ETFs to execute its strategies, which together make up about 97 percent of the market value of the MSCI All Country World Index, Garff said.

AdvisorShares' approach to the active ETF universe has been to partner with particular managers around whom an active strategy can be executed. Some of AdvisorShares' ETFs are fund-of-funds using ETFs, dovetailing perfectly with Accuvest's approach to the global equities universe.

"The [Accuvest] strategy utilizes a unique top-down macro-economic scoring system as they evaluate and pick countries, not individual equities," AdvisorShares Chief Executive Noah Hamman said in a press release. "The upcoming ETF will provide investors with another solution to gain global equity exposure."

AdvisorShares had a total of almost $280 million under management as of April 26, including $162 million in its Cambria Global Tactical ETF (NYSEArca:GTAA). GTAA is a multi-asset class security designed to preserve and grow capital through absolute returns with reduced volatility and manageable risk and drawdowns, according to information posted on the AdvisorShares website.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

This article appears in: Investing , ETFs

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