AdvisorShares Investments, an investment management firm designed to offer actively managed exchange-traded funds, says its first product, the Dent Tactical ETF, has traded more than one million shares in the first four days of its launch.
“We are very pleased about the early success of the Dent Tactical ETF,” says Noah Hamman, chief executive and founder of AdvisorShares. “As a pioneer in providing innovative products and services, our mission is to provide sophisticated advisors and investors with access to some of the best of breed, independent money managers. We look forward to continuing to develop a diversified selection of investment strategies that enable true diversification.”
Dent is the first actively managed ETF that only uses other ETFs in its portfolio. It is sub-advised by economic research and forecasting company HS Dent Investment Management, which uses their proprietary demographic research to select the strongest performing market sectors, providing a potentially long-term core investing solution with diversification and transparency.
The investment objective of the Dent is to seek long-term growth of capital by identifying, through proprietary economic and demographic analysis, the overall trend of the US and global economies.
It invests in ETFs across many asset classes, including domestic and foreign equities, domestic or foreign fixed income, cash or commodities.
Portfolio managers Harry S. Dent, Jr. and Rodney Johnson determine how offensive or defensive the portfolio will be, and then select ETFs based on a quantitative, non-emotional relative strength model. Based on this technique, Dent systematically selects the strongest performing sectors and specific ETFs within those sectors.
