AdvisorShares to close hedge fund and global bond ETFs

Jun 16th, 2017 | By | Category: ETF and Index News

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Actively-managed exchange-traded fund provider AdvisorShares has announced that the AdvisorShares Board of Trustees has approved the closing and liquidation of the AdvisorShares QAM Equity Hedge ETF (QEH) and the AdvisorShares Market Adaptive Unconstrained Income ETF (MAUI).

AdvisorShares to close hedge fund and global bond ETFs

The AdvisorShares QAM Equity Hedge ETF and the AdvisorShares Market Adaptive Unconstrained Income ETF will cease trading on 23 June 2017.

The last day of trading for both funds will be 23 June 2017, which will also be the final day for creations or redemptions by authorised participants. The funds will cease operations, withdraw their assets, and distribute the remaining proceeds to shareholders on or after 30 June 2017.

QEH seeks to outperform the median manager in the long/short equity hedge fund universe as defined by the HFRI Equity Hedge Total Index constituents. The fund employs an actively managed long/short equity strategy that approximates the global net equity exposures of the HFRI Equity Hedge Total Index but seeks outperformance by adjusting factor exposures as necessary. QEH currently has assets under management (AUM) of $5.0 million.

MAUI is a non-traditional bond strategy which tactically allocates to various global regions, income categories, credit qualities, and durations, and when the environment calls for it, will get defensive and move to ultra-short-term fixed income. It seeks to provide long-term total return and income with a secondary emphasis on capital preservation. MAUI has AUM of just $1.2m.

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