AdvisorShares launches actively managed FANG ETF

Jul 13th, 2017 | By | Category: Equities

AdvisorShares has launched the AdvisorShares New Tech and Media ETF (NYSE Arca: FNG), an actively managed ETF providing exposure similar to investing in US technology and media leaders as popularly characterized by the FANG stocks acronym (Facebook, Amazon, Netflix and Google (now Alphabet)).

AdvisorShares launches actively managed FANG ETF

Noah Hamman , chief executive officer of AdvisorShares.

The ETF holds similar-type companies to those market leaders, providing diversification benefits as well as a more inclusive price point for investors seeking exposure to this high growth segment of the equity market.

The fund invests primarily in US equities, but also internationally through American depositary receipts (ADRs), of technology and technology-related companies including social media and internet retail companies within the information technology and consumer discretionary sectors. The fund employs a quantitative process to select equities with a technical analysis overlay for entering and exiting individual positions in the portfolio.

FNG is managed by Pennsylvania-based RIA Sabretooth Advisors, whose investment philosophy is based on the view that typically these high-performing technology and media leaders drive commerce and can outperform broad market benchmarks, while also recognizing those leaders can continue to evolve and change over time.

Noah Hamman, chief executive officer of AdvisorShares, commented: “Like how the industrial revolution brought a new era of economic growth and development, these disruptive innovators of FNG’s investment focus exemplifies what is driving economic growth in the modern era. FNG provides efficient, concentrated exposure to one of the fastest growing segments of the equity market while maintaining the ability to adapt to changing leadership in a rapidly evolving world – attributes that we feel investors and advisors alike may find as an attractive investment solution, especially with the advantages of an actively managed ETF structure.”

FNG has a total expense ratio of 0.85%.

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