AdvisorShares, the fund sponsor provider known for its actively
managed ETFs, today launched a global equities fund-of-funds ETF
that uses a country-rotation strategy, its second collaboration
with Accuvest Global Advisors.
The AdvisorShares Accuvest Global Opportunities ETF
(NYSEArca:ACCU) comes with a hefty price tag of 1.78 percent, but
the fund is the first to offer an actively managed country-focused
play on the global equities space via single-country ETFs. ACCU
âseeks to generate alpha above all global benchmarks,â such as
the MSCI AC World Index, Bethesda, Md.-based AdvisorShares said on
The fund is AdvisorSharesâ second collaboration with Walnut
Creek, Calif.-based Accuvest, which is known for its asset
allocation strategies that rely on nearly 30 single-country ETFs.
In December, AdvisorShares enlisted Accuvest to make over its
âGRVâ fund, in the wake of disappointing performance and
rebranded it as âAGLS.â
The new fund, ACCU, relies on a top-down country-ranking model
that looks at 40 factors, ranging from valuation to risk to
fundamentals and momentum in order to determine which markets may
outperform other country equity markets at a given time. Its
portfolio consists of ETFs that capture the top five or six most
highly ranked countries, and the ranking is revisited on a monthly
âIn an environment where disciplined investors and advisors
are searching extensively for alpha, we believe the turmoil in
global markets is providing opportunity at a country level,â
Accuvestâs President David Garff said in a press release.
âOur benchmark-agnostic approach of using the highest-ranked
single-country ETFs aims to minimize risk during times of extended
market moves in one direction or another, allowing ideal exposure
to global equities within a broadly diversified portfolio,â Garff
AdvisorShares manages some $400 million in its 12 actively
managed ETFs. Accuvest manages some $300 million in global
portfolio assets. One of its more successful funds in terms of
assets under management is the Cambria Global Tactical ETF
(NYSEArca:GTAA). It has about $69 million in assets.
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