AdvisorShares Investments, a sponsor of actively managed Exchange Traded Funds (ETFs), has launched the AdvisorShares Accuvest Global Opportunities ETF (NYSE: ACCU). ACCU is managed by Accuvest Global Advisors, a Walnut Creek, CA-based investment adviser that manages over USD300 million in global portfolio assets and also manages the AdvisorShares Global Long Short ETF (NYSE: AGLS).
ACCU implements a global country rotation strategy that seeks long-term capital appreciation in excess of global equity benchmarks such as the MSCI All Country World Index. Accuvest, who pioneered the use of single-country ETFs to create top-down global equity strategies, utilises ACCU’s proprietary country ranking model which sorts countries from most attractive to least attractive, on a monthly basis, based on a broad range of nearly 40 different factors. Single-country ETFs from the five-six highest-ranked countries then form ACCU’s portfolio.
Noah Hamman (pictured), CEO and Founder of AdvisorShares, says: "Accuvest’s proprietary model methodology seeks to identify countries that are targeted to outperform global indices. Their innovative approach to global investing will allow advisors and their clients access to a long-term alternative strategy that seeks to generate alpha above all global benchmarks — all within a transparent and cost-efficient ETF structure. ACCU is an outstanding addition to our existing suite of actively managed ETF strategies."
David Garff, CIMA, President of Accuvest and co-Portfolio Manager of AGLS and ACCU, says: "We are thrilled to have our second actively-managed ETF with AdvisorShares begin trading. In an environment where disciplined investors and advisors are searching extensively for alpha, we believe the turmoil in global markets is providing opportunity at a country level. Our benchmark agnostic approach of using the highest-ranked single country ETFs aims to minimize risk during times of extended market moves in one direction or another, allowing ideal exposure to global equities within a broadly diversified portfolio."