advisorshares
advisorshares said advisorshares dent tactical etf (nysearca: dent) will be reorganized into the advisorshares meidell tactical advantage etf (nysearca: math) .
advisorshares said advisorshares dent tactical etf (dent - news) will be reorganized into the advisorshares meidell tactical advantage etf (math - news) .
glassdoor has 4 advisorshares investments reviews submitted anonymously by advisorshares investments employees. read employee reviews and ratings on glassdoor to decide if advisorshares investments is right for you .
advisorshares is one of the leading providers of actively managed etfs. as of 11 / 15 / 2011, advisorshares offers 11 active etfs with over
foreside fund services, llc, serves as the distributor to the advisorshares trust .
first off, can you tell us a little bit about yourself and advisorshares .
accuvest will also subadvise advisorshares’ long - only accuvest global opportunities etf (nysearca: accu), which has not been launched yet, advisorshares said in the press release .
accuvest will also subadvise advisorshares’ long - only accuvest global opportunities etf (nysearca: accu), which has not been launched yet, advisorshares said in the press release .
advisorshares today launched four actively managed exchange - traded funds that finance gold purchases in currencies other than the u. s. dollar. three of the funds are focused on one specific currency––the advisorshares gartman gold / euro etf (geur), advisorshares gartman gold / british pound etf (ggbp) and advisorshares gartman gold / yen etf (gyen) .
advisorshares provides educational support to help investors understand etfs, and the underlying investment strategy for each advisorshares etf. advisorshares continues to seek qualified sub - adviser investment partners to offer compelling investment strategies in an active etf structure. visit our website at urltoken to learn more about us. follow the advisorshares team on twitter or' like' us on facebook .
advisorshares offers a variety of investment strategies by investment managers who are experts in their field .
to purchase or learn more about advisorshares etfs, please contact your investment advisor or broker .
advisorshares provides educational support to help investors understand etfs, and the underlying investment strategy for each of the advisorshares etfs. advisorshares continues to seek qualified sub - advisor investment partners to offer compelling investment strategies in an active etf structure. visit our website at urltoken to learn more about us. follow the advisorshares team on twitter or' like' us on facebook .
emails i sent to both advisorshares and harry dent' s organization asking for comment went unreturned .
advisorshares investments, llc 4800 montgomery lane, suite 150 • bethesda, maryland 20814 • 1. 877. 843. 3831 privacy policy • copyright © advisorshares 2016 • foreside fund services, llc distributor
advisorshares is a turnkey platform for investment managers seeking to offer their investment strategy in an actively managed etf. advisorshares works with some best - of - breed money managers to combine their money management expertise with the benefits the etf structure provides. advisorshares provides sales, marketing and educational support to help financial advisors use advisorshares etfs to help them achieve their clients’ investment goals and objectives. advisorshares is a leader in actively managed etfs and is dedicated to investor education. visit our website at urltoken to learn more about us .
the largest etf in the advisorshares family is the advisorshares mars hill global relative value etf (nyse: grv), the industry’s first long / short etf, which in four months has grown to over $ 42 million in assets. the advisorshares line - up consists of a few other firsts: the advisorshares dent tactical etf (nyse: dent) was the first actively managed etf of etfs, and the advisorshares wcm / bny mellon focused growth adr etf (nyse: aadr) was the first international actively managed etf .
the largest etf in the advisorshares family is the advisorshares mars hill global relative value etf (nyse: grv), the industry' s first long / short etf, which in four months has grown to over $ 42 million in assets. the advisorshares line - up consists of a few other firsts: the advisorshares dent tactical etf (nyse: dent) was the first actively managed etf of etfs, and the advisorshares wcm / bny mellon focused growth adr etf (nyse: aadr) was the first international actively managed etf .
dividend announcement: advisorshares trust (nyse: scap) today declared a dividend of $ 0. 0317 per share
dividend announcement: advisorshares trust (nyse: scap) today declared a dividend of $ 0. 0301 per share
you' re next job will be a huge step up, because almost every company is an improvement over advisorshares .
investments, such as advisorshares etfs, on a wide range of criteria including expenses, performance, dividend yield and volatility .
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fund. com’s subsidiary, advisorshares investments llc, is creating actively managed etfs to take advantage of the rapidly growing etf business .
screen etfs based on asset class, issuer, market cap, expense ratio, and more. to analyze all advisorshares etfs in the
or call the advisorshares investment consultant team at 1 - 877 - the - etf1 (1 - 877 - 843 - 3831) .
the table below includes fund flow data for all u. s. listed advisorshares etfs. total fund flow is the capital inflow into an
in the advisorshares, including number of holdings and percentage of assets included in the top ten holdings. to see more detailed holdings information for any
advisorshares looks forward to the pershing insite™ 2018 conference being held at the hyatt regency in orlando, florida. come visit us at booth # 317 .
philippe cousteau jr. and advisorshares join forces to develop the global echo etf (nyse: give) social entrepreneur and environmental advocate philippe cousteau jr. and advisorshares investments, a sponsor of actively managed exchange traded funds (etfs), today announced a partnership to develop the advisorshares global echo etf (nyse: give), which will bring the first multi - manager etf with an absolute return and sustainable investment mandate to advisors and their clients marketwire
can you tell us about advisorshares’ etf business? advisorshares is an actively managed exchange traded fund firm. we offer 22 actively managed exchange traded funds. and what' s unique about us is that we offer those products with different underlying managers who all have a previous track record and expertise in that particular strategy .
the newest etf in the advisorshares family is the advisorshares cambria global tactical etf (nyse: gtaa), an etf managed by mebane faber and eric richardson, co - authors of the popular book, ‘the ivy portfolio’. it raised over $ 40 million in assets in just two weeks of being available for investment .
advisorshares and all other issuers are ranked based on their aggregate 3 - month fund flows for all u. s. - listed etfs. 3 - month fund flows is a metric that can be used to gauge the perceived popularity amongst investors of advisorshares relative to other issuers. all values are in u. s. dollars .
) in a measure aimed to benefit shareholders. the advisorshares board of trustees approved the closing and subsequent liquidation of dent, and following its last day of trading on
the newest etf in the advisorshares family is the advisorshares cambria global tactical etf (nyse: gtaa), an etf managed by mebane faber and eric richardson, co - authors of the popular book,' the ivy portfolio' which has raised over $ 40 million in assets in just two weeks of being available for investment .
the following table presents sortable historical returns for all advisorshares etfs. to see information on dividends, expenses, or technicals, click on one of the other tabs above .
the following table presents sortable tax data for all advisorshares etfs. to see information on dividends, expenses, or technicals, click on one of the other tabs above .
tell us why you’re here today. we’re here today to basically celebrate three years of having advisorshares gartman gold / euro etf (geur) and advisorshares gartman gold / yen etf (gyen), two etf' s that trade gold but predicated in euros (in the case of geur) or predicated in yen (in the case of gyen) .
social entrepreneur and environmental advocate philippe cousteau jr. and advisorshares investments, a sponsor of actively managed exchange traded funds (etfs), today announced a partnership to develop the advisorshares global echo etf (nyse: give), which will bring the first multi - manager etf with an absolute return and sustainable investment mandate to advisors and their clients. the global
“i’ve learned that owning different commodities, especially gold, in different currency terms can provide added - value for any investor’s alternative allocation, ” gartman said in a press release. gartman worked with advisorshares and treesdale to develop the three gartman gold etfs, and will continue to partner with advisorshares to educate financial advisors and investors about investing in gold in different currency terms .
advisorshares launched its first active etf in 2009 and has since grown to 24 active etfs and $ 1. 5 billion under management, $ 500 million of which has come in since january .
advisorshares etfs offer operational and tax efficiencies, which lower investment expenses and typically improve the overall investment return. etfs are, however, subject to commission costs each time you buy or sell .
advisorshares etfs offer daily transparency and liquidity, which provides investors the ability to understand what the etf owns and know the true value of their investment. although liquid, etfs fluctuate in value .
the following reprints should not be construed as an offer to sell or a solicitation of an offer to buy shares of any other funds. they are provided for informational purposes for advisorshares only .
eric shore, a financial advisor with shore wealth management said, “i use etfs for my clients but am also a believer in active management and appreciate what advisorshares is doing with the etf structure to marry the two concepts. advisorshares’ products allow me to better diversify not only across asset classes, but across portfolio managers as well by way of a ticker symbol traded on an exchange. ”
the advisorshares international gold etf (glde) will invest in a basket of exchange - traded products that utilize the euro, pound, yen and u. s. dollar to make gold purchases .
the following table presents sortable dividends information for all advisorshares etfs, including yield and dividend date. for information on expenses, returns, or technicals, click on one of the other tabs above .
eric shore, a financial advisor with shore wealth management said ,
i use etfs for my clients but am also a believer in active management and appreciate what advisorshares is doing with the etf structure to marry the two concepts. advisorshares' products allow me to better diversify not only across asset classes, but across portfolio managers as well by way of a ticker symbol traded on an exchange .
, ceo of advisorshares, said ,
we determined it was in the best interest of the shareholders to close dent due to the amount of time required for the merger and its associated costs .
effective december 1, 2011, accuvest global advisors (“accuvest”) will replace mars hill partners, llc (“mars hill”) as sub - adviser to the fund and assume responsibility for the management of the fund on a day - to - day basis subject to the oversight of the board of trustees (the “board”) of advisorshares trust (the “trust”) and advisorshares investments, llc (the “advisor”) .
the following table presents sortable expense information for all advisorshares etfs, including expense ratios and commission free trading. to see information on dividends, returns, or technicals, click on one of the other tabs above .
advisorshares’ 14th actively managed exchange traded fund – and the first of its etfs to focus on sustainable investment, the global echo etf (give) – opened for trading on thursday at the new york stock exchange .
to request more information on advisorshares, please contact noah hamman at 202 - 684 - 6383 or nh @ urltoken. for media inquiries, please contact richard stern at 212 - 888 - 0044 or richstern @ urltoken .
this tool allows investors to compare two etfs head - to - head, presenting holdings, performance metrics, and other data. you can use this tool to compare advisorshares etfs with each other. for example, to compare
all of these strategies provide diversification and the ability to neutralize u. s. dollar risk by providing investors the option to choose an alternative funding currency for their gold purchases other than the commonly used dollar, according to advisorshares .
bethesda, md. , april 27, 2018 / prnewswire / - - advisorshares, a leading sponsor of actively managed exchange - traded funds (etfs), today announced april 2018 income distributions for etfs that pay monthly ...
bethesda, md. , july 28, 2017 / prnewswire / - - advisorshares, a leading sponsor of actively managed exchange - traded funds (etfs), today announced july 2017 income distributions for etfs that pay monthly ...
bethesda, md - - (marketwire - november 11, 2010) - advisorshares investments, llc, an innovator of actively managed exchange traded funds (etfs), announced today that it passed $ 100 million in assets under management .
the following table includes certain technical metrics for all advisorshares etfs. for more advanced technical indicators, click the “more” link in the right column. for information on expenses, returns, or dividends, click one of the other tabs above .
bethesda, md. , june 28, 2018 / prnewswire / - - advisorshares, a leading sponsor of actively managed exchange - traded funds (etfs), announced june 2018 income distributions for etfs that pay monthly dividends... .
bethesda, md. , april 2, 2018 / prnewswire / - - advisorshares, a leading sponsor of actively managed exchange - traded funds (etfs), announced march 2018 income distributions for etfs that pay monthly or quarterly ...
bethesda, md. , feb. 28, 2018 / prnewswire / - - advisorshares, a leading sponsor of actively managed exchange - traded funds (etfs), today announced february 2018 income distributions for etfs that pay monthly ...
bethesda, md. , jan. 31, 2018 / prnewswire / - - advisorshares, a leading sponsor of actively managed exchange - traded funds (etfs), today announced january 2018 income distributions for etfs that pay monthly ...
bethesda, md. , nov. 30, 2017 / prnewswire / - - advisorshares, a leading sponsor of actively managed exchange - traded funds (etfs), today announced november 2017 income distributions for etfs that pay monthly ...
bethesda, md. , oct. 31, 2017 / prnewswire / - - advisorshares, a leading sponsor of actively managed exchange - traded funds (etfs), today announced october 2017 income distributions for etfs that pay monthly ...
bethesda, md. , sept. 28, 2017 / prnewswire / - - advisorshares, a leading sponsor of actively managed exchange - traded funds (etfs), today announced september 2017 income distributions for etfs that pay monthly ...
bethesda, md. , aug. 28, 2017 / prnewswire / - - advisorshares, a leading sponsor of actively managed exchange - traded funds (etfs), today announced august 2017 income distributions for etfs that pay monthly ...
“while other hedge fund strategies have struggled this year, this was designed to be an ‘all weather’ strategy that should still be able to find gains in both up and down markets, ” advisorshares’ ceo noah hamman told indexuniverse in an interview .
bethesda, md. , may 30, 2018 / prnewswire / - - advisorshares, a leading sponsor of actively managed exchange - traded funds (etfs), today announced may 2018 income distributions for etfs that pay monthly distributions... .
bethesda, md. , dec. 29, 2017 / prnewswire / - - advisorshares, a leading sponsor of actively managed exchange - traded funds (etfs), today announced december 2017 income distributions for etfs that pay monthly, ...
launched in partnership with environmental advocate and social entrepreneur philippe cousteau jr. , the advisorshares global echo etf is a multi - manager fund that seeks to “do well by doing good” by pairing a public investment company product with a private charitable foundation .
this is a list of all the advisorshares etfs that are currently listed in the us. please note that the list may not contain newly issued etfs. for more detailed information on expenses, dividends, or returns, click on one of the other tabs above .
the following table includes links to more in - depth analysis of all advisorshares etfs; click on the links below to see fund holdings, official fact sheets, and more. for information on expenses, returns, or dividends, click one of the other tabs above .
an active etf doesn' t need to be nontransparent ,
said noah hamman, chief executive of advisorshares investments .
we looked around and we couldn' t find any research that said if a portfolio doesn' t show its positions, it will produce better alpha .
according to advisorshares, the foreign currencies are obtained through the sale of either exchange - traded currency futures or over the counter foreign exchange forward contracts. the funds will assess the dollar and corresponding foreign currency yield curve to gauge the most positive net effect to purchase gold in different currency terms .
, ceo of advisorshares .
this change will bring an expert in global asset management to a product that has fallen short in performance relative to its peers. after reviewing the performance with the current sub advisor, it was concluded that a change was in the best interest of shareholders .
the following table shows the etfdb ratings for all advisorshares etfs. the etfdb ratings are a transparent, quant - based framework for evaluating exchange - traded products relative to peers in their urltoken category. for information on performance, expenses, or dividends, click on one of the other tabs above .
“grv has an institutional - caliber investment strategy that is designed to pursue consistent positive absolute returns regardless of the direction of the stock market or interest rates. we are excited to bring investors access to this compelling investment strategy through an actively managed etf, ” said noah hamman, ceo and founder of advisorshares .
“we are pleased to be positioned with a unique line - up of actively managed investment strategies. the financial advisor community we serve has expressed high interest in transparency and the need for tax efficiency for their client base, all attributes that our product suite contains, ” stated noah hamman, ceo and founder of advisorshares .
but with year - to - date net asset value losses of 16 percent, significantly lagging its long - only benchmark, grv now has only $ 3. 2 million in assets, which led advisorshares to cut mars hill partners loose, and put walnut creek, calif. - based accuvest on the subadvisory job instead .
we are pleased to be positioned with a unique line - up of actively managed investment strategies. the financial advisor community we serve has expressed high interest in transparency and the need for tax efficiency for their client base, all attributes that our product suite contains ,
stated noah hamman, ceo and founder of advisorshares .
aadr in focus - tom dorsey, founder of dorsey, wright & associates, provides an overview of the advisorshares dorsey wright adr etf (ticker: aadr) and shares insights on his firm’s path to international investing. aadr is an international equity strategy that employs dorsey wright’s renowned systematically - driven approach of relative strength investing. watch below :
please read the advisorshares funds' prospectuses and summary prospectuses (if available) carefully before investing. the prospectuses contain each fund' s investment objectives, risks, fees and expenses and other information, which should be considered carefully before investing. obtain a prospectus and summary prospectus (if available) at the fund' s website at urltoken .
in an interview at the nyse, advisorshares ceo noah hamman said his three - year - old firm’s sole focus on actively managed etfs involved a complicated, time - consuming process to meet regulatory requirements. but the effort is worth it, he said, because etfs were transparent, liquid, tax efficient and open to investors of all kinds .
rals isn’t global in scope. it relies on rob arnott’s research affiliates indexing model, and focuses on the u. s. market. but the rafi fund, which has a lower annual expense ratio of 0. 95 percent compared with 1. 49 percent for the advisorshares strategy, suggests the market has an appetite for volatility - focused strategies .
advisorshares, the bethesda, md. - based fund provider known for its actively managed etfs, enlisted accuvest global advisors to make over its mars hill global relative value etf (nysearca: grv) as it tries to revive an etf that has failed to perform. grv will also get a new name and a new ticker symbol, effective dec. 1 .
advisorshares, the bethesda, md. - based fund provider known for its actively managed etfs, enlisted accuvest global advisors to make over its mars hill global relative value etf (nysearca: grv - news) as it tries to revive an etf that has failed to perform. grv will also get a new name and a new ticker symbol, effective dec. 1 .
i have been in the financial services business for 20 years on both the broker and asset management side. advisorshares is an actively managed exchanged - traded fund firm. we have a unique approach to the market. we were one of the first firms to offer actively managed etfs and we work with other underlying sub - advisors, who are all experts in their fields .
fund. com’s subsidiary, advisorshares investments, llc, creates actively managed etfs for investment advisers, earning its revenue from a share in the investment advisors’ management fees. the company also owns 100% of weston capital management, west palm beach, fl, an originator and distributor of hedge funds. weston originates and markets fund of funds; originates and markets single - manager hedge funds; and it raises capital to seed new hedge funds .
issuer power rankings are rankings between advisorshares and all other issuers with their u. s. - listed etfs on certain investment - related metrics, including 3 - month fund flows, 3 - month return, aum, average etf expenses and average dividend yields. the metric calculations are based on u. s. - listed etfs and every etf has one issuer. if an issuer changes its etfs, it will also be reflected in the investment metric calculations .
founder and chief investment officer of mars hill partners, jason huntley said, “we are very excited to partner with advisorshares to package and launch grv given the underlying merits of our long / short investment strategy when combined with the daily liquidity, fully transparent and tax efficiency benefits of an nyse - listed etf. historically, strategies like ours have been accessible primarily through separate accounts or private hedge funds, neither of which offers anywhere near the benefits of the etf package which includes transparency. ”
( moneywatch) the advisorshares family of active exchange - traded funds recently announced it would be closing its dent tactical etf (dent). this etf is based on the demographic research from bestselling author harry dent. according to the fund description, dent seeks to achieve its investment objective by identifying broad trends in the u. s. and global economies and then implementing investment strategies in asset classes (such as, but not limited to, foreign and domestic equities or fixed income securities) that the portfolio manager believes will benefit from these trends .
, president of accuvest global advisors said ,
we are excited to launch our first of two actively managed etfs with advisorshares trust. the fund will provide an active long short etf solution for advisors looking to complement their alternative investment exposure, as well as a way to get global all capitalization exposure with potential lower volatility. the fund will allow us to deliver this strategy in a liquid, transparent vehicle that makes it accessible to a wide variety of investors. in addition to managing the fund, we also will serve as the sub - adviser for the accuvest global opportunities etf (nyse :
the industrial revolution ushered in a new age of economic growth and development. historically, the advent of innovative ways to build and communicate have continued to drive the global economy forward. breakthroughs from the invention of the light bulb, transportation advancements, assembly lines, the telephone, computer chips and the internet have accelerated the growth of new companies as the equity markets progress higher and higher. the advisorshares new tech and media etf (ticker: fng) is an actively managed strategy designed to invest in the companies that are driving economic growth in the modern era, and can adapt to changing leadership by maintaining the ability to invest in the next generation of technology and media companies leading the equity markets .
the investment objective of the advisorshares ranger equity bear etf (nyse arca: hdge) is capital appreciation through short sales of domestically traded equity securities. hdge is sub - advised by ranger alternative management, l. p. (
portfolio manager
). the portfolio manager implements a bottom - up, fundamental, research driven security selection process. in selecting short positions, the fund seeks to identify securities with low earnings quality or aggressive accounting which may be intended on the part of company management to mask operational deterioration and bolster the reported earnings per share over a short time period. in addition, the portfolio manager seeks to identify earnings driven events that may act as a catalyst to the price decline of a security, such as downwards earnings revisions or reduced forward guidance .
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urltoken
( table below reflects daily flows on may 1, 2017 and asset totals as of that date. )
disclaimer: all data as of 6 a. m. eastern time the date the article is published. data is believed to be accurate; however, transient market data is often subject to subsequent revision and correction by the exchanges .
all regions asia - pacific developed markets emerging markets europe frontier markets global global ex - u. s. latin america middle east & africa north america
all geographies africa argentina asia - pacific asia - pacific ex - japan australia austria belgium brazil california canada chile china colombia denmark developed asia - pacific developed asia - pacific ex - japan developed europe developed markets developed markets ex - japan developed markets ex - u. s. egypt emerging asia - pacific emerging markets eurozone finland france frontier markets frontier middle east & africa germany global global ex - u. s. greece hong kong india indonesia ireland israel italy japan latin america malaysia mexico netherlands new york new zealand nigeria nordic north america norway pakistan peru philippines poland portugal qatar russia saudi arabia singapore south africa south korea southeast asia spain sweden switzerland taiwan thailand turkey u. k. u. s. united arab emirates vietnam
all categories absolute returns agriculture asset allocation australian dollar basket - emerging markets basket - global ex - us brazilian real broad market canadian dollar chinese renminbi corporate energy euro government credit high dividend yield indian rupee industrial metals japanese yen municipals pound sterling precious metals sector singapore dollar size and style sovereign swedish krona swiss franc tactical tools taxable municipals u. s. government
invesco was the only top - five etf issuer to see net outflows on thursday, july 5 .
dave nadig discusses the implications of the sec' s latest etf rule proposal, plus a chat with salt financial' s cio and insights on two newly launched etfs .
four of the top five etf issuers had net inflows for their products on tuesday, july 3 .
four of the top five etf issuerrs had net outflows from their products on monday, july 2 .
firm to dramatically expand its commission - free trading platform for etfs this summer .
most etf issuers only saw modest inflows and outflows on friday, june 29 .
sec proposed making it easier to launch an etf, but there are some new hurdles .
vanguard had the largest net inflows, while state street had the largest net outflows of all etf issuers on thursday, june 28 .
the so - called etf rule would reduce the time and cost necessary for new issuers to launch most—but not all—etfs .
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for years, the advice industry has been hearing about a coming wave of actively managed exchange - traded funds. yet as each year passes, very little happens .
out of a total universe of 1, 366 exchange - traded funds, the asset management industry has launched only 84 actively managed etfs, according to morningstar inc .
active etfs represent about 1% of the overall etf market, and roughly half of those active - etf assets are concentrated in two funds managed by [ pacific investment management co. ] ,
said stephen clarke, president of navigate fund solutions, an eaton vance corp. subsidiary that was created specifically to develop a new active - etf model .
the party line against the creation of active etfs by mutual fund companies typically boils down to those pesky rules that require daily portfolio transparency in the active - etf format. but some critics say the real reason is that the industry wants to protect the higher management fees it is able to collect for mutual funds compared with etfs .
in 2008, when the securities and exchange commission initially approved active etfs, the stipulation was that the portfolio holdings had to be disclosed daily. before 2008, the etf industry was made up entirely of index - based strategies, and portfolio transparency was never an issue .
a growing voice from the mutual fund industry is claiming that managing an active etf would give the world a free look at what portfolio managers were doing inside their funds. daily disclosure is a far cry from what the mutual fund industry has gotten used to in the form of quarterly portfolio transparency requirements, reported on a 60 - day lag .
the fund companies say they' re concerned about shadowing and front running of their portfolios, although we think both of those issues are overblown ,
said robert goldsborough, an etf analyst at morningstar .
you have some enormously talented active managers at the mutual fund companies, but they' re also very paranoid ,
he said .
the portfolio disclosure issue has become sort of a psychological hurdle .
that hurdle has led to a long and growing list of mutual fund companies appealing to the sec for permission to launch less transparent variations on the active - etf model .
some of the firms applying for portfolio disclosure exemptions include well - established etf players such as blackrock inc. , guggenheim investments and state street global advisors. but other firms such as eaton vance and t. rowe price group, which aren' t even in the etf business, have also applied for exemptions. the reason may be the size of the etf industry and its potential down the road .
the fast - growing etf industry already has $ 1. 7 trillion in assets. urltoken in january predicted that within 10 years, total etf assets will reach $ 15. 5 trillion and eclipse the size of the mutual fund industry .
that $ 1. 7 trillion is the number the fund companies are looking at today, because the growth in [ index - based investing ] over the last 10 years has been predominantly in etfs ,
said jim ross, executive vice president at state street .
i think it' s hard to predict how big the active - etf space will be ,
he added ,
but we have seen the appetite among advisers for targeted active - etf strategies .
ssga already offers more than 130 etfs, including a few active ones, but the company still has filed with the sec for permission to launch a nontransparent active version .
full transparency hasn' t proven to be a significant challenge for existing active etfs ,
mr. ross said .
the thing that' s yet to be proven, and the big' if' on sec approval, is whether the nontransparent versions even work .
while the mutual fund industry pleads for exemptions to protect its intellectual property, regulators and critics warn that masking portfolio holdings will lead to wider spreads and other challenges as etf market makers try to hedge their exposure while taking on the added risk of not knowing exactly what they are trying to hedge .
the sec did not respond to a request for comment on whether it would grant disclosure exemptions to any of the asset managers that have applied for them. mr. goldborough believes the regulator will ultimately allow some form of masked portfolios for some active etfs .
eaton vance' s navigate unit is seeking transparency relief for a hybrid fund, which might be more mutual fund than etf .
dubbed an exchange - traded mutual fund, the navigate model would trade like an etf all day long but price only at the end of the day like a mutual fund .
our approach is an investment vehicle, not a trading vehicle ,
mr. clarke said .
we look at it as an evolution on the theme of the mutual fund .
even if it does get through the regulatory gantlet, such hybrid active - etf strategies still likely will end up going head - to - head with pure active etfs .
on the issue of portfolio transparency and the threat of other traders' trying to invest based on published portfolio holdings, mr. hamman says bring it on .
if you like what i' m doing so much, don' t just try and trade based on what you think i' m trying to do — just buy my fund ,
he said .
if somebody is trying to copy what i' m doing, chances are, they' re getting far worse prices than i' m getting .
mr. hamman also shoots down arguments that if it takes a portfolio manager a few days to unwind a large position, the transparency factor could drive the stock price down before the entire position is sold .
if other investors see me unwinding a position and follow suit, that could push the stock price down to a level where i don' t want to sell anymore ,
he said .
there' s no rule that says i have to keep unwinding if a stock price drops down to a more attractive level .
as mr. hamman sees it, the biggest reason why more mutual fund companies aren' t aggressively entering the active - etf sector is that fund companies can still charge higher management fees for mutual funds than they can for etfs .
active mutual funds are not going anywhere soon, because commission - based brokers and advisers are still feeding that space ,
he said .
that' s one thing a mutual fund does a much better job at than an etf — charging fees at the individual level through multiple share classes .
mr. clarke doesn' t agree with mr. hamman. in fact, he claimed he had never heard that argument before. he said that from the investor' s standpoint, the focus should be on better performance in a better structure .
for the sixth year, investmentnews will host the best practices workshop & awards, bringing together the industrys top - performing and most influential firms in one room for a full - day. this exclusive workshop and awards program for the... learn more
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as their names imply, geur uses the euro to fund its gold position while ggbp works via the pound and gyen employs the yen .
all four funds are sub - advised by treesdale partners, a new york city - based registered investment advisor with a forte in managing fixed income - based and currency / commodity - based alternative investment products. treesdale is following an investment strategy used by dennis gartman, editor and publisher of the gartman letter, that uses different currencies to fund a gold position .
to minimize the exposure of the fund to more volatile longer - term interest rates, the chosen maturity for funding these etfs won’t exceed six months .
geur, ggbp and gyen all have expense ratios of 0. 65 percent .
glde takes a different tack by holding a variety of etps to provide diversified currency exposure to the international gold market. the fund’s portfolio will hold the three gartman gold etfs, along with unaffiliated open - end and closed - end funds. as part of its seeding to get glde off the ground, the fund initially held a nearly 20 percent stake in the powershares db gold fund (dgl) .
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this is the second fund based on dent' s demographic analysis. a mutual fund known as the aim dent demographic trends fund once had $ 2 billion in assets, and then was merged into another now extinct mutual fund after 80 percent of the assets evaporated. dent told me that the poor performance was due to the fund not taking all of his advice .
the dent etf, however, was managed by hs dent investment management, at least until the firm resigned on june 2. since launching on sept. 9, 2009, and through july 30 of this year, the fund lost 12. 9 percent. by contrast, the vanguard total stock index fund (vti) gained 42. 7 percent over that period, the vanguard ftse all world ex us (veu) gained 5. 8 percent, and the vanguard total bond (bnd) gained 18. 2 percent .
as recently as october of last year, advisor shares ceo noah hamman was touting the dent etf. in an email to me referring to a piece i wrote advising readers to do the opposite of what dent' s strategy called for, he stated :
and yes, i read the dent articles as well, the
indent
was funny, though that prediction hasn' t worked out as well this year, as dent significantly beat your comparable etfs except the bond etf. i would gladly pay 1. 5% to have a manager make the decision to be in cash versus trying to climb back from - 16% and - 23% with the international exposure .
on its website, hs dent calls the dent method
the ultimate economic forecasting tool for asset protection and growth .
a recent email i received from hs dent also included a link that claimed ,
in other words, we accurately predicted most major economic and stock market events that could have made you substantially richer - - or poorer over the past 20 years .
i' ve spoken to harry dent in the past and can say he is both brilliant and articulate. i feel bad that investors have lost money a second time in funds based on his research. but the silver lining in this cloud are the three key lessons for all investors .
first, brilliant research doesn' t equate to beating the market. the stock market has outsmarted the likes of sir isaac newton and albert einstein, so you may want to think twice about following a guru claiming to be smarter than the market, no matter how compelling the logic .
second, when a fund family touts the recent performance of one of its funds, remember that virtually any fund family can find one fund that has done well of late. as always, recent performance isn' t indicative of future performance. finally, the next time someone tells you they accurately predicted the stock market, think about what they aren' t telling you .
allan s. roth is the founder of wealth logic, an hourly based financial planning and investment advisory firm that advises clients with portfolios ranging from $ 10, 000 to over $ 50 million. the author of how a second grader beats wall street, roth teaches investments and behavioral finance at the university of denver and is a frequent speaker. he is required by law to note that his columns are not meant as specific investment advice, since any advice of that sort would need to take into account such things as each reader' s willingness and need to take risk. his columns will specifically avoid the foolishness of predicting the next hot stock or what the stock market will do next month .
quotes delayed at least 15 minutes. market data provided by ice data services. ice limitations .
his forecasts of booms and busts sell lots of books. but an etf? maybe not. - wsj
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before investing you should carefully consider the fund’s investment objectives, risks, charges and expenses. this and other information is in the prospectus and summary prospectus. please read the prospectus and summary prospectus carefully before you invest. foreside fund services, llc, distributor .
an investment in the funds is subject to risk, including the possible loss of principal amount invested. the risks associated with each fund include the risks associated with the underlying etfs, which can result in higher volatility, and are detailed in each fund’s prospectus and on each fund' s webpage .
fng’s investment thesis believes that high - performing technology and media leaders, popularly characterized as “fang, ” will continue to provide superior long - term performance. these disruptive innovators have created, acquired and refined current business models more successfully than others in the technology and media industries, establishing them as leaders on the forward edge. the portfolio manager seeks to identify additional constituents with similar characteristics using technical analysis, sampling and broad - based fundamental reviews to enhance the exposure of the portfolio. this approach will be dynamic, enabling the portfolio management team to use a repeatable and scalable process that consistently seeks out the next industry leaders in technology and media as those faces change over time .
performance data quoted represents past performance and is no guarantee of future results. all fund data and performance data quoted is believed to be accurate, and unless otherwise stated, is sourced from the fund administrator, the advisor’s or sub - advisor’s proprietary data, and morningstar. current performance may be lower or higher than the performance data quoted. investment return and principal value will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than original cost. returns less than one year are not annualized .
the s & p; 500 index is a broad - based, unmanaged measurement of changes in stock market conditions based on the average of 500 widely held common stocks. one cannot invest directly in an index .
current day market leaders - the companies among the high - performing technology and media leadership advance commerce forward and can outperform broad market benchmarks. these equities are also consistently increasing their market cap within broad - based indexes due to superior fundamentals and company management. fng’s portfolio management team believes these leadership qualities will be maintained as long - term drivers of equity markets .
ability to diversify among tech & media leaders - the strong balance sheets and appetites for expansion that exist within the high - growth equity core creates a natural diversifying quality to the etf’s portfolio. notable company acquisitions by market leaders exemplify how owning outliers may return more than originally assumed. fng seeks to fill the void for those investors that don’t want to rely on specific equity selection therefore minimizing company specific risk, but maintain an investment view on the overall technology, media and social media industries.
advisorshares investments is a us-based investment management firm based in bethesda , maryland which offers actively managed exchange-traded funds ( etfs ) through the advisorshares trust . urltoken took an interest in the firm in 2008 and the firm launched its first active etf fund in 2009 . 
advisorshares investments is a us-based investment management firm based in bethesda, maryland which offers actively managed exchange-traded funds (etfs) through the advisorshares trust. urltoken took an interest in the firm in 2008 and the firm launched its first active etf fund in 2009.
advisorshares investments is a us-based investment management firm based in bethesda, maryland which offers actively managed exchange-traded funds (etfs) through the advisorshares trust. urltoken took an interest in the firm in 2008 and the firm launched its first active etf fund in 2009.