‘ Peritus Asset Management ’

AdvisorShares Peritus High Yield ETF hits $1 billion AUM landmark

May 14th, 2014 | By
AdvisorShares Peritus High Yield ETF (HYLD) hits $1 billion AUM landmark

AdvisorShares, a leading sponsor of actively managed exchange-traded funds, has announced that the NYSE Arca-listed AdvisorShares Peritus High Yield ETF (HYLD) has crossed $1 billion in assets under management. Tim Gramatovich, chief investment officer of Peritus, the fund’s sub-advisor, said: “When it comes to leveraged finance assets, we firmly believe traditional indexing just doesn’t work well. HYLD’s performance proves how investors can benefit from active management. Deep credit analysis is key to determine not only what to own but also what to avoid.”