AdvisorShares’ actively managed US cannabis ETF has surpassed $1 billion in assets under management, less than six months after its debut on NYSE Arca.
AdvisorShares has launched a new actively managed US equity ETF that utilizes artificial intelligence to read consumer sentiment in a bid to help guide portfolio construction.
AdvisorShares has teamed up with ThinkBetter to launch two new actively managed ETFs that deploy its proprietary quantitative ‘Q Methodology’ to guide asset allocation and manage risk.
AdvisorShares has introduced a second actively managed cannabis ETF with the launch of the AdvisorShares Pure US Cannabis ETF (MSOS US) on NYSE Arca.
AdvisorShares has announced the upcoming launch of the AdvisorShares Pure Cannabis ETF (YOLO US). The fund, which is expected to list on NYSE Arca on Thursday 18 April, is set to become the first actively managed ETF in the US to offer dedicated cannabis exposure. “We feel cannabis stands poised to become a market disruptor and long-term emerging growth opportunity, especially as societal, business, and regulatory landscapes evolve,” said Dan Ahrens, Managing Director at AdvisorShares.
AdvisorShares has launched the AdvisorShares Sabretooth ETF (BKCH US) on Nasdaq Exchange. Sub-advised by Pennsylvania-based Sabretooth Advisors, BKCH provides actively managed exposure to companies globally that are closely linked to the themes of cloud computing and blockchain technology.
US-based AdvisorShares has repurposed one of its ETFs, changing the fund’s investment advisor and giving it a new strategy. The ETF formerly known as the AdvisorShares Wilshire Buyback ETF is now the AdvisorShares DoubleLine Value Equity ETF (DBLV US), to be advised by Jeffrey Gundlach’s DoubleLine Capital.
AdvisorShares has launched two new actively managed ETFs – the AdvisorShares Dorsey Wright Micro-Cap ETF (DWMC US) and the AdvisorShares Dorsey Wright Short ETF (DWSH US) – on Nasdaq Exchange. Nasdaq Dorsey Wright serves as the portfolio manager to both ETFs. “DWMC and DWSH represent Dorsey Wright firsts, where we are managing micro-cap equity and short equity investment strategies that follow our core relative strength philosophy,” said John Lewis, CMT, senior portfolio manager at Nasdaq Dorsey Wright.
AdvisorShares has lowered the net expense ratio for its actively managed AdvisorShares Dorsey Wright ADR ETF (AADR US) from 98bps to 89bps. “As we’ve previously indicated, and are now fortunate to realize, we believed AADR’s continuous growth would lead to another opportunity to lower its total net expense ratio,” said Noah Hamman chief executive officer of AdvisorShares.
Redwood Asset Management has launched the Marijuana Opportunities Fund (MJJ CN) on Canada’s NEO Exchange. The fund is a world first as it is currently the only actively managed ETF to focus exclusively on equities tied to the marijuana or marijuana-related industries. Peter Shippen, president and chief executive officer of Redwood Asset Management, said “the significant volatility of the sector and the ongoing evolution of the regulatory environment in the cannabis space have made active management the preferable way to invest.”