The fund will be the first offering from the companies since they announced a partnership on Feb. 18. Peritus specializes in high-yield debt. According to the BarCap High Yield Total Return Index, high-yield debt has risen 62.7% since the March 2009 stock market low.
High-Yield Debt ETF on Tap from AdvisorShares, Peritus
March 03, 2010, 10:18 a.m. EST 1 Min Read