AdvisorShares, is joining forces with Los Angeles-based investment manager Cambria Investment Management to launch a global tactical asset allocation exchange traded fund (ETF).
Two providers are joining forces to create one ETF, however, there are no details revealed yet. The main point to the ETF that is known is that the fund would use a quantitative approach to global tactical asset allocation, explains Cinthia Murphy for Index Universe.
AdvisorShares CEO Noah Hamman says this is one thing financial advisors have said they’re looking for, and they believe that Cambria’s track record suggests that it’s an achievable strategy.
AdvisorShares also recently filed with the Securities and Exchange Commission (SEC) to launch two growth-focused funds, managed by Emerald Rock Advisors, as well as a high-yield ETF.
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