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AdvisorShares launches KIM Korea ETF


AdvisorShares, a sponsor of actively managed exchange-traded funds (ETFs), has launched the AdvisorShares KIM Korea Equity ETF.

KOR is sub-advised by Korea Investment Management (KIM), South Korea’s largest independent asset manager.
In pursuing its investment objective, KOR seeks to provide long-term capital appreciation above the capital appreciation of its primary benchmark, the MSCI Korea Index, and other Korea-focused indexes. In doing so, the portfolio manager seeks to invest primarily in growth-oriented stocks of any capitalisation range listed on the Korea Exchange.
The sub-adviser manages the KOR portfolio by buying and holding stocks of companies with attractive valuations that it believes have growth potential, using a "bottom up" analysis that focuses on corporate fundamental research – such as a company's annual sales growth with sustained profit margins, annual earnings per share growth, and anticipated sales or earnings per share growth.
In addition to their individual stock selection, the portfolio manager evaluates sector allocation for the KOR portfolio based on "top down" analysis of the macro economy and its effect on corporate competitiveness and industry cycles. The portfolio manager strives to invest with large economic cycles as compared to short-term market trends and short-term supply and demand dynamics.
"Korea Investment Management delivers a well-established record with an institutional pedigree and an unparalleled expertise of the Korean equity market," says Noah Hamman, chief executive officer of AdvisorShares. "Not only can advisors and investors now access the Korean equity market through the country's leading asset manager, they can do so with the full-transparency, intraday liquidity and the enhanced overall efficiencies of an ETF structure. We're proud to collaborate with such a high-calibre investment manager and believe that KOR represents a continuing trend of innovation among our actively managed ETF suite."
"Our steadfast investment approach has been long-committed to bringing sustained success and outperformance to our institutional client base," says Hong-Rae Cho, chief executive offer of Korea Investment Management. "Our portfolio management team invests in companies and industries with favourable prospects thus capturing new dynamism of companies with new business models, new technologies and new markets, which provides an opportunity to deliver returns in excess of our benchmark to KOR shareholders. We believe that an ETF represents the best investment structure to deliver our actively managed investment expertise, which we look forward to offering to a broader audience of investors in the US."

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