AdvisorShares Investments, a sponsor of actively managed ETFs, announced that the AdvisorShares Accuvest Global Opportunities ETF will begin trading on Jan. 26.
ACCU is managed by Accuvest Global Advisors, an investment adviser that manages over $300 million in global portfolio assets. Accuvest also manages the AdvisorShares Global Long Short (AGLS) ETF.
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, a pioneer in the use of single-country ETFs to create top-down global equity strategies, utilizes ACCU’s proprietary country ranking model, which ranges countries from most desirable to least desirable, on a monthly basis, based on a broad range of nearly 40 different factors.
Single-country ETFs from the five to six highest-ranked countries then become ACCU’s portfolio.
AdvisorShares CEO and Founder Noah Hamman said, “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, president of Accuvest and co-portfolio manager of AGLS and ACCU said, “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” He went on to say, “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.”
Mary Ann Tasoulas writes for Money Management Executive.