AdvisorShares launches Pring Turner Business Cycle ETF (DBIZ)

Dec 18th, 2012 | By | Category: Alternatives / Multi-Asset

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AdvisorShares, a US-based sponsor of exchange-traded funds (ETF), has announced the launch of the AdvisorShares Pring Turner Business Cycle ETF (DBIZ), an actively managed ETF that seeks long-term growth and capital appreciation across all economic and market cycles through the application of fundamental, technical and business cycle analysis.

AdvisorShares announces the launch of the Pring Turner Business Cycle ETF (DBIZ)

AdvisorShares has announced the launch of the actively managed Pring Turner Business Cycle ETF (DBIZ).

The fund, which is set to commence trading on the NYSE Arca on December 19, 2012, will be managed by Pring Turner Capital Group, a California-based investment advisor internationally recognised for its application of business cycle research.

Pring Turner’s approach is to organise the business cycle into six-stages to determine how the fund allocates capital among multiple asset classes including stocks, bonds, inflation-sensitive securities and cash.

As economic and market landscapes shift, the fund adapts and identifies market sectors and individual securities that have historically outperformed each specific business cycle stage, seeking to optimise returns while minimising portfolio risk.

Martin J. Pring, Chairman and Investment Strategist of Pring Turner, said: “We believe DBIZ employs a disciplined strategy that adapts well to cyclical shifts and can build wealth consistently while lessening portfolio risk for the current environment.”

Joe D. Turner, President of Pring Turner and co-Portfolio Manager, said: “In managing DBIZ, we utilise both a top-down and bottom-up approach that aims to invest in attractive market sectors according to the current business cycle stage. We think it is also important to emphasise quality, value and income generation in selecting individual securities for the portfolio.”

Tom J. Kopas, CEO of Pring Turner and co-Portfolio Manager, added: “Keeping in mind the last ‘Lost Decade’ for stocks, many investors are concluding a passive buy and hold approach is not a formula for success in the current secular bear market. We feel the better solution is dynamic asset allocation around the business cycle, and believe DBIZ can minimise risk and grow investors’ capital within a liquid, transparent and tax-efficient active ETF vehicle.”

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