Bringing you live news and features since 2006 

AdvisorShares to close two ETFs

RELATED TOPICS​

Actively-managed exchange traded fund (ETF) provider AdvisorShares is to close the the AdvisorShares Global Echo ETF (GIVE) and the AdvisorShares Morgan Creek Global Tactical ETF (GTAA).

The AdvisorShares board of trustees approved the closing and subsequent liquidation of GIVE and GTAA.
 
The last day of trading for both funds will be 12 May 2017, which will also be the final day for creations or redemptions by authorised participants. The funds will cease operations, withdraw their assets, and distribute the remaining proceeds to shareholders on or after 19 May.
 
“We appreciate the support of Morgan Creek in managing GTAA, along with the challenge of assuming its prior track record,” says Noah Hamman, chief executive officer of AdvisorShares. “GIVE became the first impact investment actively managed ETF and represented an important part of the culture of our firm. However, even with its closing, we will continue to make charitable and impactful donations on behalf of AdvisorShares.”

Latest News

Some big forces moved further into ETF issuance this week, with Capital Group launching 12 new active/passive model portfolios, and..
ASYMmetric ETFs has announced the launch of two new funds, ASYMmetric Smart Income ETF (NYSE: MORE) and ASYMmetric Smart Alpha..
First Trust Advisors has announced the launch of a new actively managed ETF, the First Trust Multi-Strategy Alternative ETF (NYSE..
Allianz Investment Management LLC (AllianzIM), a wholly-owned subsidiary of Allianz Life Insurance Company of North America has announced the launch..

Related Articles

ETF
We are very pleased to open the voting for service providers (selected by nominations) and ETP issuers, selected by our data partners, Trackinsight, for the European ETF Express Awards, in...
Bitcoin
Osprey Funds’ founder and CEO, Greg King, has written an open letter to Barry Silbert, majority owner of Digital Currency Group which owns Grayscale, suggesting that he uses his powers...
Captain
Comparing multifactor ETFs to the popular Marvel Avengers series may seem a bit of a stretch but recent analysis from Morningstar suggests the investment strategies have more in common with...
Mackenzie
Canadian asset manager Mackenzie Investments, with CAD186.6 billion under management, has published its annual Mackenzie Investments Year-End ETF Report. ...
Subscribe to the ETF Express newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by