AdvisorShares Investments, a provider of actively managed exchange-traded funds, has passed USD100m in assets under management.
The largest ETF in the AdvisorShares family is the AdvisorShares Mars Hill Global Relative Value ETF, the industry’s first long/short ETF, which in four months has grown to over USD42m in assets.
The AdvisorShares line-up consists of a few other firsts: the AdvisorShares Dent Tactical ETF was the first actively managed ETF of ETFs, and the AdvisorShares WCM/BNY Mellon Focused Growth ADR ETF was the first international actively managed ETF.
The newest ETF in the AdvisorShares family is the AdvisorShares Cambria Global Tactical ETF, an ETF managed by Mebane Faber and Eric Richardson, which has raised over USD40m in assets in just two weeks of being available for investment.
"We are pleased to be positioned with a unique line-up of actively managed investment strategies. The financial adviser community we serve has expressed high interest in transparency and the need for tax efficiency for their client base, all attributes that our product suite contains," says Noah Hamman, chief executive and founder of AdvisorShares.