The ETF will compete with the Russell 3000 Index, simply by picking stocks with less volatility than the index, reports Oliver Ludwig for Index Universe.
“We believe investors will be excited about TTFS because it is a fundamentally attractive alternative for U.S. equity market exposure to a Russell 3000 or the S&P 500,” said Noah Hamman, CEO of AdvisorShares. “Why own the entire U.S. market when you can buy the 100 companies shrinking their trading float of shares, growing cash flow and not borrowing to buy back shares?”
AdvisorShares has 12 ETFs trading currently, 10 of which are actively managed. The provider has about $166 million in assets under management.
Tisha Guerrero contributed to this article.