AdvisorShares, a US-based sponsor of actively managed ETFs, has announced that the AdvisorShares Global Alpha & Beta ETF (RRGR) will commence trading this week on the NYSE Arca.
RRGR employs a broadly diversified global asset allocation strategy seeking to outperform diversified financial indices such as a 60/40 allocation to the S&P 500 Index and the Barclays Capital Aggregate Bond Index, while providing lower volatility and reduced risk.
The new actively managed ETF utilises a top-down investment perspective that focuses on proprietary security and asset class selection by primarily selecting individual stocks, ETFs, and American Depository Receipts (ADRs) that provide investment exposure to global markets.
RRGR also will tactically add defensive investments using technical indicators such as the 200-day moving average of the S&P 500 Index and an inverted yield curve as big picture gauges to hedge against downward trending markets.
RRGR is sub-advised by Your Source Financial. Roger Nusbaum, Chief Investment Officer of Your Source Financial, seasoned veteran in ETF analysis and well-known market commentator through his “Random Roger” financial blog will serve as the portfolio manager of RRGR.
Roger Nusbaum said, “As a top down-portfolio manager, we are continuously analysing sector and market conditions within today’s global economy to select our various holdings, and to properly determine if our positioning is best utilised as being in or out of specific markets. By employing our broad and diversified investment approach within the transparency and efficiency of an actively managed ETF, we strive to benefit shareholders with a clearer and smoother ride throughout varying economic and market cycles.”
Noah Hamman, CEO of AdvisorShares, said, “We happily welcome RRGR and its global asset allocation strategy to our alternative line-up, providing financial advisers and investors another attractive investment option with the first actively managed ETF to utilise both individual securities and ETFs to enhance a well-diversified portfolio. As followers of Roger Nusbaum’s work can attest, his unique and thorough approach will undoubtedly provide a compelling offering within a transparent and cost-efficient actively managed ETF. We believe RRGR is an excellent complement to our broadly diversified suite of actively managed ETFs.”
The fund will have a Net Expense Ratio of 1.40%.