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.”

AdvisorShares has launched the actively managed AdvisorShares Vice ETF (ACT US) on Nasdaq Exchange. While funds providing ESG-focused exposure are increasingly in vogue, ACT is the first ETF to provide concentrated exposure to companies in the alcohol, cannabis and tobacco sectors.

Sage Advisory, an investment management firm based in Austin, Texas, has unveiled its first independently issued ETF, the Sage ESG Intermediate Credit ETF (Cboe: GUDB). The ETF has been listed on the Cboe ETF Marketplace.

AdvisorShares has launched the AdvisorShares New Tech and Media ETF (NYSE Arca: FNG), an actively managed ETF providing exposure similar to investing in US technology and media leaders as popularly characterized by the FANG stocks acronym (Facebook, Amazon, Netflix and Google (now Alphabet)). Noah Hamman, chief executive officer of AdvisorShares, commented: “FNG’s investment focus exemplifies what is driving economic growth in the modern era.”

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 have announced that the actively-managed Athena High Dividend ETF (NYSE: DIVI) will no longer close and liquidate as previously announced on 13 March 2017. “While our original intention was to close DIVI, we have elected to keep the ETF open,” said Noah Hamman, Chief Executive Officer of AdvisorShares.

AdvisorShares, a sponsor of actively managed exchange-traded funds, has announced that the AdvisorShares Athena High Dividend ETF (NYSE Arca: DIVI) will close. The AdvisorShares Board of Trustees approved the closing and subsequent liquidation of DIVI. The fund’s last day of trading will be 24 March 2017, which will also be the final day for creations or redemptions by authorised participants. The fund will cease operations, withdraw its assets, and distribute the remaining proceeds to shareholders on or after 31 March 2017.

US-based sponsor of exchange-traded funds AdvisorShares has launched the AdvisorShares Cornerstone Small Cap ETF (NYSE Arca: SCAP), an actively managed ETF seeking capital appreciation by investing in US small cap equities with favourable fundamentals. The fund is the first actively managed ETF to successfully convert a track record from an existing investment structure, having originally been set up as a separate managed account by Atlanta-based investment manager Cornerstone Investment Partners. Noah Hamman, chief executive officer of AdvisorShares, commented: “…we’re proud to deliver another industry-first by successfully converting a track record from another investment structure, which now allows investors and advisors to access Cornerstone’s proven ability to deliver alpha through the daily transparency, intraday liquidity and overall efficiency of an actively managed ETF structure.”

AdvisorShares, a sponsor of actively managed exchange-traded funds, has launched a new ETF in partnership with Sunrise Capital. Listed on Nasdaq, the AdvisorShares Sunrise Multi-Strategy ETF (MULT) seeks to provide long-term total returns by tactically investing both long and short through a variety of asset classes using ETFs, futures, foreign currencies and US Treasuries. Chris Stanton, CIO of Sunrise Capital, said: “We feel investors and financial advisors seeking diversification for their portfolios could discover MULT to be a compelling offering due to its disciplined investment strategy and actively managed ETF structure.”

AdvisorShares, a leading sponsor of actively managed exchange-traded funds, has announced that the NYSE Arca-listed AdvisorShares Peritus High Yield ETF (HYLD) has crossed $1 billion in assets under management. Tim Gramatovich, chief investment officer of Peritus, the fund’s sub-advisor, said: “When it comes to leveraged finance assets, we firmly believe traditional indexing just doesn’t work well. HYLD’s performance proves how investors can benefit from active management. Deep credit analysis is key to determine not only what to own but also what to avoid.”