Bringing you live news and features since 2006 

Dent Tactical ETF begins trading on NYSE

RELATED TOPICS​’s majority owned subsidiary AdvisorShares Investments has initiated an initial public offering of shares of the Dent Tactical ETF, an exchange-traded fund that began trading recently on the New York Stock Exchange.

AdvisorShares is acting as the investment adviser to the Dent ETF with portfolio management provided by HS Dent Investment Management, a registered sub-adviser.

The listing comes shortly after the Securities and Exchange Commission’s 20 July order granting AdvisorShares exemptive relief from the Investment Company Act of 1940, thereby giving AdvisorShares the ability to create a platform for investment managers to achieve their investment objectives by using the fast-growing ETF vehicle.

"Investors are seeking more tactical investment choices that offer true diversification in their portfolios, including exposure to dynamic and diversifying investment strategies," says HS Dent founder Harry S. Dent, Jr. "With AdvisorShares, we believe we’ve developed a packaged economically compelling investment strategy offering a distinct, actively-managed exchange traded fund for building truly diversified portfolios.

"Having anticipated the growth of the ETF sector, is working with AdvisorShares to develop a diverse range of ETF products with third party asset managers, helping them to improve distribution opportunities and increase assets under management.” chief executive Greg Webster adds: "The AdvisorShares platform works for investment managers of all sizes and disciplines, easing administration and streamlining compliance, while providing the distribution opportunities presented by a public listing."

Latest News

US ETF issuers of active ETFs are facing an increase in fees from the big custodian firms, such as Charles..
ETF data consultant ETFGI reports that assets invested in the global ETF industry reached a new record of USD12.71 trillion..
Calastone has published an ETF white paper which examines several of the processes that take place across the lifecycle of..
Adapting product lines to fit into changing methodologies and meet shifting demand is essential to remaining relevant in the industry..

Related Articles

Taylor Krystkowiak, Themes ETFs
Themes ETFs opened its doors in December 2023, with an introductory suite of 11 ETFs – seven thematic and four...
Konrad Sippel, Solactive
At the end of March, financial index specialist, Solactive, published its 2024 annual report on future trends.  ...
Lorraine Sereyjol-Garros, BNP Paribas
Following changes to the French Monetary and Financial Code and of the French market authority AMF’s General Regulation, it is...
Ed Rosenberg, Texas Capital
Texas Capital Bank first opened its doors back in December 1998 and nowadays offers wealth-management services, as well as commercial,...
Subscribe to the ETF Express newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by