AdvisorShares, a sponsor of actively managed exchange-traded funds, has launched the AdvisorShares Sabretooth ETF (BKCH).
BKCH is managed by Sabretooth Advisors, a firm with deep expertise rooted in the ETF and capital market industries. Sabretooth also sub-advises the AdvisorShares New Tech and Media ETF (FNG).
The investment thesis for BKCH holds that companies utilising cloud computing and digital companies implementing emerging technology like blockchain can realise increased profitability and appreciation in stock prices over an extended time horizon. BKCH invests in US-listed equities and American depositary receipts (ADRs) of such digital and cloud companies. The portfolio manager believes these areas represent the future of technological record-keeping and information exchanging which can deliver a durable investment theme for growth equity opportunities and long-term performance.