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AdvisorShares launches Dent Tactical ETF

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Fund.com’s majority owned subsidiary AdvisorShares Investments has initiated a public offering of the Dent Tactical ETF, the first exchange-traded fund sponsored by AdvisorShares.

Fund.com’s majority owned subsidiary AdvisorShares Investments has initiated a public offering of the Dent Tactical ETF, the first exchange-traded fund sponsored by AdvisorShares.

The Dent Tactical ETF will commence trading on the New York Stock Exchange next week.

This is the first product of AdvisorShares Trust, an open-ended investment management company formed by AdvisorShares for the purpose of offering a series of actively managed ETFs.

AdvisorShares is the investment advisor to Dent and is paid fees by the ETF as a percentage of assets in the fund. Dent is sub-advised by HS Dent Investment Management, an independent economic research and forecasting company and publisher of The Dent Method. HS Dent Investment Management is managed by New York Times financial author, Harry S. Dent Jr (pictured).

The Dent ETF is a fund of funds, which seeks to achieve its investment objective by investing primarily in other ETFs.

As sub-adviser, H.S. Dent Investment Management seeks to achieve the investment objectives by identifying, through proprietary economic and demographic analysis, the overall trend of the US and global economies, and then implementing investment strategies in asset classes that it believes will benefit from these trends. The fund investment objective is long-term growth of capital.

The business plan of AdvisorShares is to develop a diverse range of actively managed ETFs together with established third party asset managers and to list these ETFs on the NYSE, or a similar exchange.

The target clients of AdvisorShares are third party advisers who already manage clients’ assets, have a favourable track record and desire to package their investment strategy using ETFs.

AdvisorShares believes that by accessing the AdvisorShares ETF platform, third party investment managers will be able to establish their own branded, or white-labeled, ETF on a turn-key basis and can ease client administration and streamline compliance.

"The focus of AdvisorShares is the investment adviser community. Our proprietary platform is designed to grow their assets under management and grow their revenues," says Greg Webster, Fund.com’s chief executive. "Our AdvisorShares subsidiary offers a unique opportunity for a manager to launch its own fund on a major stock exchange and to retain their discretionary allocation authority that their clients expect, as well as attain the visibility and credibility to attract additional new clients."

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