Dent Tactical ETF Throws in the Towel

May 22nd at 10:58am by John Spence

An active exchange traded fund managed by HS Dent Investment Management is merging into another fund after the ETF failed to attract significant assets.

AdvisorShares said AdvisorShares Dent Tactical ETF (NYSEArca: DENT) will be reorganized into the AdvisorShares Meidell Tactical Advantage ETF (NYSEArca: MATH).

DENT had less than $10 million in assets and was launched in 2009. Its portfolio management team will resign, according to a press release.

HS Dent was founded by Harry Dent, the demographic expert and book author best known for his bearish forecasts. Dent is known in some circles as “The Sage of Doom and Gloom.” [Harry Dent ETF]

DENT was down 15.7% for the year ended May 21, according to Morningstar.

“HS Dent will use a combination of economic insight and relative strength to determine the portfolio composition of the ETF,” the firm said in a press release when the fund first listed.

“HS Dent believes this strategy is appropriate for the current economic situation because it allows the ETF to follow trends as they emerge in what is expected to be a very volatile market over the next several years,” it added. “In addition, the ETF can become ‘defensive,’ rotating to hold very short duration (less than one year) fixed income, if the financial markets begin to deteriorate and the relative strength of potential investments weakens.”

DENT has expenses of 1.65% according to Morningstar, which is relatively high for an ETF.

AdvisorShares Dent Tactical ETF


The opinions and forecasts expressed herein are solely those of John Spence, and may not actually come to pass. Information on this site should not be used or construed as an offer to sell, a solicitation of an offer to buy, or a recommendation for any product.

Tickers