“We believe our unique top-down portfolio management approach, which focuses across a diverse range of fixed income securities, is well-positioned to manage risk and duration in any market or interest rate environment,” said Robert G. Smith, president and chief investment officer of Sage, in the statement. “As a result, we believe our partnership with AdvisorShares can present HOLD shareholders a core portfolio component to help realize their investment goals.”
HOLD has an annual expense ratio of 0.35%.
Well-known AdvisorShares ETFs include the AdvisorShares Peritus High Yield ETF (NYSEArca: HYLD) and the AdvisorShares Ranger Equity Bear ETF (NYSEArca: HDGE). HYLD recently landed the prestigious five-star rating from Morningstar. [High-Yield ETF Garners Five-Star Rating]
ETF Trends editorial team contributed to this piece.