Exchange traded fund sponsor AdvisorShares Investments is to partner with TrimTabs Asset Management to develop an actively managed ETF which will apply TrimTabs’ liquidity-based investment strategy.
The proposed ETF would join AdvisorShares’ growing stable of innovative actively managed ETFs which includes the AdvisorShares Dent Tactical ETF (NYSE: DENT), the AdvisorShares Mars Hill Global Relative Value ETF (NYSE: GRV), the AdvisorShares WCM/BNY Mellon Focused Growth ADR ETF (NYSE: AADR), the AdvisorShares Cambria Global Tactical ETF (NYSE: GTAA), and the AdvisorShares Peritus High Yield ETF (NYSE: HYLD).
“Many investors are familiar with Charles Biderman from his regular appearances on CNBC and Bloomberg TV as well his frequent quotes in the financial media, and know that he is a go-to resource in the area of stock market liquidity. His firm, TrimTabs, is the leading independent institutional research firm focusing on stock prices as a function of supply and demand rather than value,” says Noah Hamman, CEO and Founder of AdvisorShares. “We believe investment advisors will be excited to be able to offer their investors an alternative to market cap or fundamentally weighted core holdings by using TrimTabs’ supply and demand investment research, used today by many of the top hedge funds in their investment decisions.”
