An actively managed ETF that will celebrate its first birthday on June 24 is AdvisorShares Meidell Tactical Advantage ETF (NYSEArca: MATH).
The ETF functions as a “fund of funds,” in that its sub-advisor, a firm called American Wealth Management, purchases other ETFs that apply to their tactical strategy.
The fund is generally categorized as “multiasset” because the portfolio manager has the flexibility to move “all in” or “all out” whether in terms of equities, fixed income, or cash and equivalents via the ETFs that MATH invests in.
The ultimate objective of the fund is to deliver a tactical approach that systematically rotates away from asset classes that are perceived to have higher volatility, and into asset classes that are viewed as having lower volatility at these points in time where the fund rebalances. [Dent Tactical ETF Throws in the Towel]
For example, today, MATH’s top holdings are BIL (SPDR Barclays 1-3 Month T Bill, 34.33%), Dreyfus Institutional Treasury (13.47%), IVW (iShares S&P 500 Growth, 9.74%), OEF (iShares S&P 100, 4.86%), and IWB (iShares Russell 1000, 4.83%).