Active exchange-traded fund purveyor AdvisorShares is launching the AdvisorShares Pring Turner Business Cycle (DBIZ) ETF on Dec. 19.
The fund will bet on stocks, bonds and commodities and will employ its subadvisor’s, Pring Turner Capital Group, proprietary business cycle research to change the fund's asset allocation and sector emphasis to minimize portfolio risk and optimize portfolio returns throughout the business cycle. It has a net expense ratio of 162 basis points.
“We’re taking a strategy that Martin Pring has developed over time that looks at the business cycles from a technical perspective and changes based on what business cycle we’re in,” Noah Hamman, chief executive officer of AdvisorShares, told Money Management Executive.
Hamman added that the firm is also teaming up with Newfleet Asset Management, a subsidiary of Virtus Investment Partners, to manage a global short-income duration strategy in early 2013. The firm also has an international short fund and a gold fund in the hamper.