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Noah Hamman, chief executive of AdvisorShares

AdvisorShares changes portfolio manager and name for Global Alpha & Beta ETF

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The Elements Financial Group (TEG) has been approved by the AdvisorShares board of trustees as the new portfolio manager to the AdvisorShares Global Alpha & Beta ETF (RRGR), effective 1 December.

Also effective that date, the fund will be renamed the AdvisorShares EquityPro ETF and continue trading on the NYSE Arca under the ticker symbol, EPRO. 
 
“We constantly evaluate all the products within the AdvisorShares actively managed ETF suite,” says Noah Hamman (pictured), chief executive officer of AdvisorShares. “After carefully considering the fund’s performance and assets under management, we consulted with Your Source Financial and TEG and subsequently decided that it was in shareholders’ best interest to change portfolio managers.”
 
In pursuing the EPRO investment strategy, the portfolio manager will employ a disciplined, quantitative top-down approach that tactically manages exposure to global equities and dynamically allocates among global economic sectors by investing primarily in other ETFs.  The manager will apply its investment process to either fully invest in global equities, or maintain a more defensive position with more US fixed income exposure in the EPRO portfolio.    
 
“We are very pleased to partner with AdvisorShares on our first actively managed ETF strategy,” says Joshua Emanuel, chief investment officer of TEG and portfolio manager of EPRO. “With our unique quantitative approach, we blend the most relevant progressive research with disciplined portfolio construction in striving to deliver an innovative investment solution for investors. With EPRO, we look forward to providing shareholders exposure to a diversified global equity portfolio with flexible risk and the added transparency, liquidity and overall efficiency of an active ETF.”    

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