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Thursday, July 12, 2012|
Your Source Powers AdvisorShares' 15th ETF
The AdvisorShares [profile] team is launching its 15th ETF, the AdvisorShares Global Alpha & Beta ETF. This new offering, reports Cinthia Murphy from IndexUniverse, was "designed to protect investors from losses in bearish market cycles through a trend-following strategy that own equities in good times and short-term debt instruments when markets are in turmoil."
Roger Nusbaum, chief investment officer of Your Source Financial, will PM the new ETF. AdvisorShares' new offering will have a 140-basis-point expense ratio and its benchmarks will be the S&P 500 Index and the Barclays Capital Aggregate Bond Index.
Printed from: MFWire.com/story.asp?s=40586
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