As of Jan. 11, SSAM was long Materials Select Sector SPDR (XLB) 33.9% SPDR Select Sector Fund Technology (XLK) 33.2% and SPDR Select Sector Fund Energy (XLE) 33.1%. Meanwhile, the fund was short SPDR Select Sector Fund Financials (XLF) 21.2%, SPDR Select Sector Fund Consumer Staples (XLP) 18.1%, SPDR Select Sector Fund Health Care (XLV) 17.2%, SPDR Select Sector Fund Consumer Discretionary (XLY) 16.0%, SPDR Select Sector Fund Industrials (XLI) 15.2% and SPDR Select Sector Fund Utilities (XLU) 5.5%.

“Financial advisors and investors are seeking more active and hedging strategies to add to their investment portfolio,” Noah Hamman, CEO and Founder of AdvisorShares, said. “The ability to add a new alternative manager in a transparent, cost-effective actively managed ETF structure will be a compelling offering to both advisors and their clients. We feel this provides an excellent complement to our existing suite of actively managed ETF strategies.”

For more information the active funds, visit our actively managed ETFs category.

Max Chen contributed to this article.

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